Tonbo Imaging India shares are commanding a strong grey market premium (GMP) ahead of their listing on the stock exchanges on October 23, after the defence technology company's IPO attracted heavy investor demand during the bidding period.
According to InvestorGain, Tonbo Imaging shares were commanding a grey market premium of nearly 67 percent on the morning of October 22.
However, the grey market premium is an unofficial indicator of investor sentiment and does not guarantee listing gains. The actual listing price may differ from these estimates.
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The company had fixed the IPO price band at Rs 665-700 per share. The lot size was 21 shares, requiring a minimum investment of Rs 14,700 for retail investors applying at the upper end of the price band.