Tonbo Imaging IPO Draws Nearly 8 Times Subscription on Day 2 as Defence Tech Demand Builds
Tonbo Imaging’s ₹852 crore initial public offering was subscribed 7.78 times by the end of Day 2, underscoring strong investor appetite for defence technology and deep-tech manufacturing plays in India. The response suggests the market is rewarding companies positioned at the intersection of national security, electronics, and export-linked growth.
