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The Economic Times

Business

Ritesh Presswala

Tonbo Imaging India IPO Day 2: GMP at 71%, issue subscribed 4x; Check key details

Tonbo Imaging India IPO entered its second day of bidding on Friday, amid strong investor interest. The IPO’s grey market premium (GMP) stood at 71%, indicating elevated listing gain expectations in the unofficial market. However, the grey market premium is an unofficial indicator and does not guarantee the stock’s listing performance.

The IPO witnessed an overall subscription of 4 times on Day 1 against 85.26 lakh shares on offer. The retail individual investor (RII) category was subscribed 3.20 times, compared with 42.56 lakh shares reserved for the segment.

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