India, Oct. 16 -- Update | October 16, 18:24 IST

Defence tech company Tonbo Imaging's Rs.852 Cr IPO was oversubscribed 7.78X at the end of the second day of bidding, with investors bidding for 6.63 Cr shares against 85.26 Lakh shares on offer, as per BSE data.

Retail individual investors placed more bids than any other category of investors, oversubscribing 7.13X of their quota. They sought to snap up 3.03 Cr shares against the 42.6 Lakh shares reserved for them till now.

Non-institutional investors (NIIs) placed bids for 2.62 Cr shares against 18.24 Lakh shares earmarked for them, translating into an oversubscription of 14.35X.

Within this category, investors have placed nearly 1.40 Cr bids for lots valued over Rs.10 Lakh while lots ...