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India · Updated 19 Oct, 01:40 pm IST

Tonbo Imaging IPO oversubscribed about 40.8X on third day of bidding

Image: Inc42

Why it matters for readers: It explains that many investor types competed for the same limited shares, driving heavy oversubscription numbers.

  • The IPO is an entirely offer-for-sale of up to 1.2 crore shares worth ₹852.1 crore, with no fresh issue component.1
  • By 13:23 IST, total bids reached 34.80 crore shares against 85.26 lakh shares on offer, an overall subscription of 40.82X.1
  • NIIs led demand with bids for 18.56 crore shares against 18.24 lakh shares reserved, an oversubscription of 101.78X.1
  • QIBs have placed bids for 7.38 crore shares against 24.32 lakh shares reserved (30.37X), with FIIs accounting for bids of 5.12 crore shares.1
  • Retail investors bid for 8.79 crore shares against 42.56 lakh shares reserved, a retail subscription of 20.67X.1
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