The initial public offering (IPO) of the Bengaluru-based Defence electronics original equipment manufacturer, Tonbo Imaging India, is commanding a strong grey market premium ahead of the Rs 852-crore issue launch on October 15.
According to market tracking platform InvestorGain, the grey market premium of Tonbo Imaging is nearly 47 percent on the morning of October 12. However, grey market premiums are unofficial indicators based on speculative trading and do not guarantee listing gains.
The company has fixed the price band at Rs 665–700 per share for the Rs 852.18-crore public issue.
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The IPO will open for subscription on October 15 and close on October 19. The anchor book for institutional investors will open on October 14.