The Economic Times

Tonbo Imaging India IPO Day 2: GMP at 71%, issue subscribed 4x; Check key details

Tonbo Imaging Indias Rs 852.18 crore IPO received four times subscription on Day 1, supported by strong institutional demand and a 71% grey market premium. The defence technology companys offer-for-sale coincides with declining FY26 revenue and profits, despite its specialised imaging systems and international defence presence.