{
  "id": 14650785,
  "title": "Tonbo Imaging IPO Subscribed 1.47X On Day 1 So Far, NIIs Lead Demand",
  "url": "https://urgent.news/2026/10/15/tonbo-imaging-ipo-subscribed-1-47x-on-day-1-so-far-niis-lead-demand",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-15T07:58:24.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/tonbo-imaging-ipo-subscribed-1-47x-on-day-1-so-far-niis-lead-demand/"
  },
  "original_language": "en",
  "account": "Tonbo Imaging's IPO was fully subscribed on its first day of bidding, with non-institutional investors (NIIs) driving the demand. The public issue received bids for 1.26 crore shares against an offering of 85.26 lakh shares, resulting in an overall subscription of 1.47 times. Among the NIIs, the portion above ₹10 lakh was subscribed 1.92 times, while the portion between ₹2 lakh and ₹10 lakh was booked 4.36 times. Retail investors subscribed to 1.76 times their allocation, while QIBs only bid for 7,707 shares against 24.32 lakh shares reserved for them. The employee portion was subscribed 3.93 times. Tonbo received 36.5 lakh shares from its 43 anchor investors at ₹700 per share, with domestic mutual funds contributing 57.7% of the anchor allocation through 25 schemes. Other anchor investors included Goldman Sachs, BlackRock, WhiteOak Capital, Aranda Investments, and Allianz. Tonbo's IPO price band is set between ₹665 and ₹700 per share, with the issue comprising an OFS of up to 1.2 crore shares, meaning no proceeds will be received. Selling shareholders include Tonbo's cofounders and CEAQ Technologies and Artiman Partners.",
  "summary": "Defence tech startup Tonbo Imaging’s IPO was fully subscribed within hours of opening for bidding, with demand led by non-institutional…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}