BlackRock, SBI MF lead Tonbo Imaging’s Rs 255 crore anchor round ahead of IPO

What happened: Tonbo Imaging raised Rs 255 crore from anchor investors ahead of its Rs 852 crore IPO, allotting shares at the upper price-band limit of Rs 700. The entirely offer-for-sale issue opens October 15 and closes October 19. Key numbers: Rs 255 crore anchor round; Rs 852 crore IPO; Rs 700 upper price band; opens October 15, closes October 19. Why it matters: BlackRock and SBI MF leading the anchor round signals institutional backing for the offer-for-sale issue before it opens to public subscription.

Tonbo Imaging raised Rs 255 crore from anchor investors ahead of its Rs 852 crore IPO, allotting shares at the upper price-band limit of Rs 700. The entirely offer-for-sale issue opens October 15 and closes October 19.

BlackRock and SBI MF leading the anchor round signals institutional backing for the offer-for-sale issue before it opens to public subscription.