Tonbo Imaging IPO Subscribed 1.47X on Day 1

15 Oct 2026, 1:28 pm · 1d ago · 1 min read · Inc42

Amount

₹852.1 Cr

Stage

IPO

Defence technology company Tonbo Imaging's ₹852.1 crore initial public offering was subscribed 1.47 times within hours of opening on day one. The public issue received bids for 1.26 crore shares against the 85.26 lakh shares on offer. Demand was driven primarily by non-institutional investors, who booked their allotted portion 2.73 times, while retail investors subscribed 1.76 times. The employee segment saw 3.93 times subscription. The OFS-only issue, priced between ₹665 and ₹700 per share, follows a ₹255.4 crore anchor raise from investors including Goldman Sachs, BlackRock, and domestic mutual funds.