Punjab, Oct. 23 -- Tonbo Imaging listed at a 66 per cent premium on Friday - opening at Rs 1,162 on the BSE against an issue price of Rs 700. Its final subscription was 135.9 times, with the institutional portion covered 293.56 times.
The listing
Shares opened at Rs 1,162 on the BSE and Rs 1,160 on the NSE, roughly 66 and 65.7 per cent above the issue price. They touched about Rs 1,210 intraday and closed at Rs 1,133.65, around 62 per cent above issue and some 2.4 per cent below the listing price.
One report has the stock trading as low as Rs 1,059 during the session, which would be nearly 9 per cent below the listing price. That is an intraday figure and sits awkwardly with the reported close; the closing number is the more reliable one...