India, Oct. 15 -- Defence tech startup Tonbo Imaging's IPO was fully subscribed within hours of opening for bidding, with demand led by non-institutional investors (NIIs).

The public issue received bids for 1.26 Cr shares against 85.26 Lakh shares on offer, translating into an overall subscription of 1.47X as of 13:06 IST.

The NII portion was subscribed 2.73X, receiving bids for 49.82 Lakh shares against an allocation of 18.24 Lakh shares. Within this category, the portion for applications above Rs.10 Lakh was subscribed 1.92X, while that for applications above Rs.2 Lakh and up to Rs.10 Lakh was booked 4.36X.

Qualified institutional buyers (QIBs) bid for just 7,707 shares against the 24.32 Lakh shares reserved for them.

Meanwhile, ret...