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E-commerce

Tonbo Imaging IPO Oversubscribed 7.78X on Day Two

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Tonbo Imaging IPO Oversubscribed 7.78X on Day Two

Tonbo Imaging's ₹852.1 Cr IPO was oversubscribed 6.95X at the end of the second day of bidding, with about 5.93 Cr shares bid against 85.26 Lakh on offer. Retail individual investors oversubscribed their quota 6.34X and non-institutional investors 12.36X, while qualified institutional buyers bid 3.94X. The issue is an offer for sale with no fresh issue component, and it closes on October 19. Anchor investors had earlier raised ₹255.4 Cr at ₹700 a share.

Source: Inc42 ↗

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