Tonbo Imaging’s Rs 852 crore IPO subscribed 140x. Check GMP, allotment, other details
A ipo & listings development with market-wide reach.
· Economic Times Markets
The issue received bids for 1,15,86,91,464 shares against 85,26,033 shares on offer. Qualified institutional buyers led the demand, subscribing to their allotted portion 293.56 times. The non-institutional investor category was subscribed 170.94 times, while the retail portion saw 31.06 times subscription.
The analysis
Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
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