BlackRock, SBI MF lead Tonbo Imaging's Rs 255 crore anchor round
In short
Tonbo Imaging raised Rs 255 crore from anchor investors before its Rs 852 crore IPO. The shares were allotted at the top of the price band, Rs 700, and the offer is fully for sale.
The IPO opens on October 15 and closes on October 19. It matters because big investors joined early, but the final demand and stock-market reaction are not yet known.
What the reporting says
Tonbo Imaging raised Rs 255 crore from anchor investors ahead of its Rs 852 crore IPO, with BlackRock and SBI Mutual Fund among the lead participants. The shares were allotted at the upper end of the price band at Rs 700, and the issue is entirely an offer-for-sale. The IPO is set to open on October 15 and close on October 19, but the publisher summary does not say how the market may react.
Why it matters
Tonbo Imaging secured Rs 255 crore from anchor investors before its Rs 852 crore IPO, with BlackRock and SBI Mutual Fund named in the anchor round. The issue was priced at the upper band of Rs 700 and is entirely an offer-for-sale, meaning no new capital is being raised by the company in this part of the deal. The market’s response when the IPO opens on October 15 is not stated.