India, Oct. 16 -- Defence tech company Tonbo Imaging's Rs.852.1 Cr IPO continued to receive healthy investor interest on the second day of bidding. Investors have placed bids for about 5.93 Cr shares against the 85.26 Lakh shares on offer, implying an oversubscription of 6.95X.

Demand for the IPO was led by retail individual investors, who have placed bids for 2.70 Cr shares against the 42.6 Lakh shares reserved for them. This translates to a 6.34X oversubscription of their category.

Trailing RIIs, non-institutional investors (NIIs) have cumulatively bid for 2.25 Cr shares against 18.24 Lakh shares reserved for them, implying an oversubscription of 12.36X.

Within this category, investors have placed 1.18 Cr bids for lots valued over Rs...