Defence tech firm Tonbo Imaging sets IPO price band at Rs 665-700; issue to open on Oct 15
JM Financial is in focus in an ipo & listings development with Oct 15 in focus.
· Economic Times Markets, Business Standard Mkts
Tonbo Imaging India has set a pricing band of Rs 665-700 per share ahead of its anticipated IPO. This public offering will be available for subscription from October 15 to October 19, featuring an Offer for Sale exclusively from existing investors and promoters.
Key facts
- Dates in focus
- Oct 15, October 15 and October 19
The analysis
JM Financial reported Rs 665. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -5.5% on the day at ₹107.78, and has returned -11.2% over three months. It sits 36% below its 52-week high, which means a good deal of bad news was already in the price. The capital markets sector has moved -6.3% over the same period, so JM Financial is running 4.9 points behind its peers.
For JM Financial, the question is how much of this is already reflected in the price and how much re-rates the capital markets peer set alongside it.
Why it matters
- Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
- Defence orders carry long execution tails and policy tailwinds, which the market values for their visibility.
Market context
- In focus: JM Financial (JMFINANCIL), in Capital Markets.
- Over three months: JM Financial -11.2% against Capital Markets -6.3% (4.9 points behind).
- At least 25% below the 52-week high: JM Financial (36%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| JM FinancialJMFINANCIL · Capital Markets | ₹107.78 | -5.5% | -16.5% | -11.2% | -35.7% | 1.1× | — |
Capital Markets
1M -2.9% · 3M -6.3%
JM Financial
Financial Services
1M -8.8% · 3M -14.9%
Capital Goods & Engineering
1M -10.9% · 3M -5.3%
Defence & Aerospace
1M -7.5% · 3M -1.7%
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
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