Tonbo Imaging IPO Oversubscribed Nearly 7X On Day 2 So Far

Defence tech company Tonbo Imaging’s ₹852.1 Cr IPO continued to receive healthy investor interest on the second day of bidding. Investors have placed bids for about 5.93 Cr shares against the 85.26 Lakh shares on offer, implying an oversubscription of 6.95X. Demand for the IPO was led by retail individual investors, who have placed bids for 2.70 Cr shares against the 42.6 Lakh shares reserved for them.