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Defence electronics maker Tonbo Imaging listed on stock exchanges with a 66% premium to its issue price of Rs 700, reaching a market capitalization of approximately Rs 6,200 crore.
Defence tech startup Tonbo Imaging listed with a strong 66% premium, commanding a ₹6,656 crore market cap after its oversubscribed ₹852 crore IPO.
Tonbo Imaging's three cofounders collectively pocketed ₹137.2 Cr from the company's ₹852 Cr IPO, with significant gains also realized by early investors.
Bengaluru-based defence tech firm Tonbo Imaging's ₹852 Cr IPO is oversubscribed with a 71% grey market premium, raising questions about valuation amid growing global demand for advanced imaging and sensing systems.
