Tonbo Imaging IPO Subscribed 1.47X On Day 1 So Far, NIIs Lead Demand

Defence tech startup Tonbo Imaging’s IPO was fully subscribed within hours of opening for bidding, with demand led by non-institutional investors (NIIs). The public issue received bids for 1.26 Cr shares against 85.26 Lakh shares on offer, translating into an overall subscription of 1.47X as of 13:06 IST. The NII portion was subscribed 2.73X, receiving bids for 49.82 Lakh shares against an allocation of 18.24 Lakh shares.