Tonbo Imaging India IPO GMP Jumps to 61% Ahead of Issue Opening on October 15

Amansa Investments, SBI Mutual Fund, others invest ₹413 cr in Tonbo Imaging ahead of IPO

Tonbo Imaging attracts ₹413 crore from Amansa, SBI Mutual Fund and others ahead of its ₹852 crore IPO.

Tonbo Imaging India IPO GMP jumps to 61% ahead of issue opening on October 15

The initial public offering (IPO) of Bengaluru-based defence electronics manufacturer Tonbo Imaging India is commanding a grey market premium (GMP) of nearly 61 percent ahead of its launch on October 15, according to market tracking platform InvestorGain.

IPO GMP: Zetwerk vs HD Fire Protect vs Fusion CX vs Bonfiglioli vs Tonbo? Check grey market premium winner

Six IPOs are opening in India between 13 and 15 October. Tonbo Imaging leads grey-market estimates with a 60.71% implied listing premium, followed by HD Fire Protect at 31.37% and Bonfiglioli Transmissions at 26.45%. Fusion CX has the weakest indicated premium, at 6.57%.

Tonbo Imaging IPO: Akash Bhansali, SBI Funds among investors buying shares worth Rs 413 crore - BusinessToday

Tonbo Imaging IPO: Existing investors sold shares worth over Rs 413 crore at Rs 700 apiece, valuing the defence technology company at Rs 4,000 crore.