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Business · Updated 23 Oct, 12:33 pm IST

Tonbo Imaging stock jumps ~66% on debut, values company at ₹6,656 Cr

Image: Inc42

Why it matters for readers: Explains why a company can appear to 'benefit' from an IPO in market value even if it receives no fresh proceeds.

  • Tonbo Imaging listed at ₹1,162 on the BSE and ₹1,160 on the NSE, a roughly 66% premium to the ₹700 issue price.12
  • The company commanded a market capitalisation of ₹6,656.18 crore on the BSE at its listing price.1
  • Tonbo’s ₹852 crore IPO was entirely an offer for sale and was subscribed 135.9 times.1
  • Existing shareholders sold about 1.22 crore shares; the company received no fresh capital from the public offering.1
  • Founders Arvind Lakshmikumar, Ankit Kumar, and Cecilia D’Souza together realised ₹137.2 crore from the OFS, with Lakshmikumar selling shares worth ₹80.5 crore.1
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How this story developed

  1. 23 Oct, 10:02 am · Inc42

    Tonbo Imaging Makes Strong Market Debut, Lists At 66% Premium To IPO Price

  2. 23 Oct, 12:33 pm · YourStory

    Tonbo Imaging shares make stellar market debut; jump 66%