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Tonbo Imaging IPO Oversubscribed 40X On Day 3 Till Now

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Tonbo Imaging IPO Oversubscribed 40X On Day 3 Till Now

Defence tech company Tonbo Imaging’s IPO has been oversubscribed 40.82X on the third day of bidding till now. 

Till 13:23 IST, investors have placed bids for 34.80 Cr shares against the 85.26 Lakh shares on offer, as per BSE data.

NIIs are leading demand for the public float till now, placing bids for 18.56 Cr shares against the 18.24 Lakh shares reserved for them. This translates to an oversubscription of 101.78X.

Within the NII category, the portion reserved for investors bidding for more than ₹10 Lakh was subscribed 106.03X, with bids for 12.89 Cr shares against 12.16 Lakh shares. 

Meanwhile, the portion for investors bidding between ₹2-10 Lakh was booked 93.27X, with bids for 5.67 Cr shares against 6.08 Lakh shares.

Retail investors placed bids for 8.79 Cr shares against the 42.56 Lakh shares reserved for them, resulting in a subscription of 20.67X.

The qualified institutional buyers (QIBs) have placed bids for 7.38 Cr shares against the 24.32 Lakh shares reserved for them, translating into an oversubscription of 30.37X. 

Foreign institutional investors (FIIs) accounted for the bulk of this demand, bidding for 5.12 Cr shares. Mutual funds, by contrast, had bid for just 2,478 shares.

The portion reserved for employees was subscribed 38.6X, with bids for 5.40 Lakh shares against 14,000 shares.

The surge marks a sharp jump from the end of the second day of bidding, when the IPO was subscribed 7.78X.

2 Cr shares, with no fresh issue component. It is priced in the range of ₹665 to ₹700 per share.


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