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The Economic Times

Business

Ritesh Presswala

Tonbo Imaging India IPO Day 3: GMP at 74%, issue subscribed over 7x. Check key details

Tonbo Imaging India IPO entered its final day of bidding on Monday, amid strong investor demand. The IPO’s grey market premium (GMP) rose to 74% from 71% earlier, indicating higher listing gain expectations in the unofficial market. However, the grey market premium is an unofficial indicator and does not guarantee listing performance.

The IPO was subscribed 7.78 times by the end of Day 2, against 85.26 lakh shares on offer. The retail individual investor (RII) category saw 7.13 times subscription, against 42.56 lakh shares reserved for the segment.

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