Tonbo Imaging India IPO Subscription Status Day 1: ₹852 Crore Issue Booked 33%, NII Portion at 66%
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Tonbo Imaging India IPO Day 1: The defence electronics company's ₹852.18 crore public issue opened on October 15 and received 33% subscription by 10:30 AM, with early demand led by non-institutional investors.
Tonbo Imaging India's ₹852.18-crore initial public offering (IPO) received 33% subscription within the first hour of bidding on Thursday, October 15, as non-institutional and retail investors led early demand for the defence electronics company's public issue.
The IPO received bids for 28.14 lakh shares against 85.26 lakh shares available for subscription by 10:30 AM. The non-institutional investor (NII) portion was booked 66%, while retail investors subscribed 38% of their reserved portion.
The three-day issue will remain open until October 19. Tonbo Imaging has set a price band of ₹665–₹700 per share, with a lot size of 21 shares. At the upper end, a retail investor will need ₹14,700 for one lot.
The IPO is entirely an offer for sale (OFS) of about 1.22 crore shares, meaning the company will not receive proceeds from the issue.
Tonbo Imaging India IPO Subscription Status Day 1
Early bidding was driven by non-institutional investors, whose reserved portion reached 0.66 times subscription by 10:30 AM. Retail participation stood at 0.38 times.
Overall demand reached 0.33 times the shares available for subscription during the opening hour.
Category | Subscription Rate |
|---|---|
Non-Institutional Investors (NII) | 0.66x |
Retail Investors | 0.38x |
Total | 0.33x |
Tonbo Imaging India IPO Bidding Details
The public offer received bids for 28,14,840 shares against 85,26,033 shares available for subscription by 10:30 AM on Day 1.
Tonbo Imaging's issue comprises an OFS of 1,21,74,046 equity shares. Since no fresh shares are being issued, the proceeds will go to the selling shareholders after deducting applicable offer expenses.
Tonbo Imaging India IPO Price Band and Lot Size
Tonbo Imaging has fixed the price band at ₹665 to ₹700 per share. Investors can apply for a minimum of 21 shares, taking the minimum retail investment to ₹14,700 at the upper end.
The IPO opened on October 15 and will remain available for bidding until October 19.
Particulars | Details |
|---|---|
IPO Size | ₹852.18 crore |
Issue Type | Offer for Sale |
Price Band | ₹665–₹700 |
Lot Size | 21 shares |
Minimum Retail Investment | ₹14,700 |
IPO Open | October 15, 2026 |
IPO Close | October 19, 2026 |
Listing | NSE, BSE |
Tonbo Imaging India IPO Anchor Investors
Tonbo Imaging raised about ₹255 crore from anchor investors ahead of the public issue, allotting 36.48 lakh shares at ₹700 apiece. BlackRock and SBI Mutual Fund were among the investors participating in the anchor round.
Tonbo Imaging India IPO Allotment and Listing
The issue is scheduled to close on October 19. The basis of allotment is expected to be finalised on October 21, followed by refunds and credit of shares on October 22. Tonbo Imaging shares are scheduled to list on the NSE and BSE on October 23.
IPO Event | Date |
|---|---|
IPO Close | October 19, 2026 |
Allotment | October 21, 2026 |
Refund Initiation | October 22, 2026 |
Share Credit | October 22, 2026 |
Listing | October 23, 2026 |
Early demand for Tonbo Imaging's public issue was led by non-institutional and retail investors, while bidding will continue through October 19. With the first-day book still building, investor participation across categories will determine how the ₹852.18-crore offer progresses over the remaining bidding period.
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Rochelle Britto has spent 8+ years decoding India's markets, businesses, and consumer economy, reporting for ET Prime and Times Internet along the way, covering the stories behind the numbers.
A Mumbai native and perpetual planner of the next holiday, she stays far, far away from the eternal question, “Where are we going next?” When she's not chasing headlines, she's chasing new cultures, open roads, and a bit of quiet in nature.
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