Tonbo Imaging shares make stellar market debut; jump 66%
Tonbo Imaging India, a Bengaluru-based defence electronics manufacturer, made its public market debut with shares opening at Rs 1,162 on BSE and Rs 1,160 on NSE, representing a 66% premium over the Rs 700 issue price. The Rs 852.18-crore IPO was heavily oversubscribed at 136x, indicating strong investor demand. The offering consisted entirely of an offer-for-sale by promoters and existing shareholders, meaning the company received no new capital proceeds. Post-listing, the company's market capitalization stood at approximately Rs 6,191.91 crore.
Key points
- IPO subscribed 136 times; debut premium of 66% over issue price
- Market cap reached ~Rs 6,200 crore at listing
- Offering was fully offer-for-sale (no fresh capital for company)
- Strong institutional and retail investor participation
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