Tonbo Imaging IPO Subscribed 1.47X On Day 1 So Far, NIIs Lead Demand
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Defence tech startup Tonbo Imaging’s IPO was fully subscribed within hours of opening for bidding, with demand led by non-institutional investors (NIIs).
The public issue received bids for 1.26 Cr shares against 85.26 Lakh shares on offer, translating into an overall subscription of 1.47X as of 13:06 IST.
The NII portion was subscribed 2.73X, receiving bids for 49.82 Lakh shares against an allocation of 18.24 Lakh shares. Within this category, the portion for applications above ₹10 Lakh was subs
The public issue received bids for 1.26 Cr shares against 85.26 Lakh shares on offer, translating into an overall subscription of 1.47X as of 13:06 IST.
The NII portion was subscribed 2.73X, receiving bids for 49.82 Lakh shares against an allocation of 18.24 Lakh shares. Within this category, the portion for applications above ₹10 Lakh was subs
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