# Tonbo Imaging India IPO Day 3: GMP at 74%

> Tonbo Imaging India's IPO hits 74% grey market premium as subscription surges 7.78x.
- Title: Tonbo Imaging India IPO Day 3: GMP at 74% · The Economic Times
- Summary: Tonbo Imaging India's IPO hits 74% grey market premium as subscription surges 7.78x. Tonbo Imaging India's IPO achieved 7.78x subscription with 74% grey…
- Keywords: tonbo imaging india, ipo, grey market premium, gmp, bse, nse, iifl capital services, tonbo imaging india ipo, listing date, subscription, money, business
- Source: The Economic Times — https://economictimes.indiatimes.com/markets/ipos/fpos/tonbo-imaging-india-ipo-day-3-gmp-at-74-issue-subscribed-over-7x-check-key-details/articleshow/135038712.cms
- Author: Ritesh Presswala
- Published: 2026-10-19T03:25:00+00:00
- Read time: 1 min
- Topics: tonbo imaging india, ipo, grey market premium, gmp, bse, nse, iifl capital services, tonbo imaging india ipo, listing date, subscription, money, business
## IPO Final Day
Tonbo Imaging India's IPO entered its final bidding day on Monday with strong investor demand.
## Grey Market Premium
The grey market premium rose to 74% from 71% earlier, indicating higher listing gain expectations.
## Subscription Status
The issue was subscribed 7.78 times overall against 85.26 lakh shares on offer.
## Retail Investor Demand
Retail individual investors subscribed 7.13 times against 42.56 lakh shares reserved for them.
## Anchor Investors
Tonbo Imaging India raised Rs 255 crore from anchor investors by allotting 36.48 lakh equity shares at Rs 700.
## Listing Timeline
Allotment finalised October 21 with shares tentatively listing on BSE and NSE on October 23, 2026.
## Financial Performance
Total income declined 22% to Rs 370 crore in FY26 from Rs 474 crore in FY25.
## Company Background
Tonbo Imaging India is India's largest thermal imaging system manufacturer for government and defence agencies.
## Listing Expectations
The stock's estimated listing price works out to around Rs 1,215 per share based on 74% GMP.
## Key takeaway

Tonbo Imaging India's IPO achieved 7.78x subscription with 74% grey market premium ahead of listing on October 23, 2026.