Two companies, Tonbo Imaging India and Zetwerk Manufacturing Businesses, have a fixed price band for their initial public offering as they open for public subscription on October 15. The primary market, which was a bit quiet last week amid volatility, will again be in action this week. Let’s look at the price band, issue size, GMP, listing date, and bidding dates for both initial share sales.
Tonbo Electronics IPO Details
Detail | Information |
Price Band | Rs 665-700 per share |
Issue Size | Rs 852 crore |
Bidding Dates | October 15 – October 19 |
Structure | Offer for Sale (OFS) of 1.22 crore equity shares (No fresh issue component; company receives no proceeds) |
Selling Promoters / Stakeholders | Arvind Kondangi Lakshmikumar, Ankit Kumar, Cecilia D'Souza, and other stakeholders |
Book-Running Lead Managers | JM Financial, IIFL Capital Services |
Registrar | KFin Technologies |
Tonbo Electronics IPO GMP
According to Investorgain, a grey market tracking site, Tonbo Electronics GMP today is Rs 270, up over 38 per cent from the IPO price.
Zetwerk Manufacturing Business IPO
Detail | Information |
Price Band | Rs 143-151 per share |
Total Issue Size | Rs 5,012 crore |
Fresh Issue | Rs 2,830 crore |
Offer for Sale (OFS) | 14.45 crore equity shares (Valued at Rs 2,182 crore at upper end) |
Bidding Dates | October 15 – October 19 |
Anchor Bidding Date | October 14 |
Selling Promoters / Group | Amrit Pratik Acharya, Srinath Ramakkrushnan, Creovate Innovation |
Selling Investors | Peak XV, Accel, Lightspeed, Kae Capital |
Zetwerk Manufacturing Business GMP
According to Investorgain, a grey market tracking site, Zetwerk Manufacturing Business GMP today is Rs 22, up over 14 per cent from the IPO price.
IPO Listing Details: The shares of both companies are proposed to list on the BSE and NSE on October 23