Tonbo Imaging leads IPO subscription race as grey market premiums vary

Tonbo Imaging India's IPO was subscribed 7.77 times on its second day of bidding, driven by strong non-institutional investor demand.

Zetwerk Manufacturing Business recorded a muted response with its issue subscribed 31 percent by the end of the second day.

Tonbo Imaging commanded the highest grey market premium at +505, with an estimated listing price of ₹1,205 per share.