Tonbo Imaging Launches IPO Driven by Strong Grey Market Demand

Bengaluru defence firm targets $102.5 million through pure offer-for-sale IPO as subscription opens. Bengaluru-based defence technology firm Tonbo Imaging India opened its public offer for subscription on Thursday, with shares commanding a 71 per cent premium in the grey market. The strong grey market sentiment suggests high expectations for listing gains, though unofficial market indicators […]