Tonbo Imaging India shares made a strong debut on the stock exchanges on October 23, listing at a premium of around 66 percent over the company's initial public offering (IPO) price.
The shares listed at Rs 1,160 on the NSE, representing a 65.71 percent premium over the IPO price of Rs 700 per share. On the BSE, the stock debuted at Rs 1162, reflecting a 66 percent premium over the issue price.
Following the listing, Tonbo Imaging India's market capitalisation stood at around Rs 6,656.18 crore.
The listing is in line with the grey market expectation. The GMP had indicated an estimated listing gain of around 65 percent on the morning of October 23, according to Investorgain.