The allotment status of Tonbo Imaging India's initial public offering (IPO) is expected to be finalised today, on October 21, with the defence electronics company's shares commanding a grey market premium (GMP) of around 73% ahead of their stock market debut on October 23.
The latest available grey market indications put the premium at around Rs 513 per share, according to InvestorGain. Against the upper end of the IPO price band of Rs 700, this implies an indicative listing price of Rs 1,213, representing a potential gain of 73.29%.
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.
Investors can check their allotment status once the basis of allotment is finalised through the BSE website, NSE website or the IPO registrar, KFin Technologies.
Step 1. Visit the BSE IPO application status page at https://www.bseindia.com/investors/appli_check