India, Oct. 15 -- Update| October 15, 18:45 IST

Defence tech company Tonbo Imaging's Rs.852 Cr IPO was oversubscribed 4X at the end of the first day of bidding, with investors bidding for 3.41 Cr shares against 85.26 Lakh shares on offer, according to BSE data.

Non-institutional investors (NIIs) placed the highest bids, oversubscribing 5.96X of their quota. They placed bids for 1.08 Cr shares against 18.24 Lakh shares reserved for them. Within the NII category, the portion reserved for bids above Rs.2 Lakh and up to Rs.10 Lakh was subscribed 8.74X, while the portion for bids above Rs.10 Lakh was subscribed 4.57X.

Retail investors bid for 1.36 Cr shares against their allocation of 42.56 Lakh shares, oversubscribing to 3.2X of the portio...