Tonbo Imaging Ltd. shares leaped 14% on Thursday, touching ₹1,445 after the company wiped out prior losses to deliver a ₹23.5 crore net profit for the September quarter. The stock has now doubled from its ₹700 issue price in just ten trading sessions. Buyers moved fast. By midday trade, the counter held gains of 13.3% as market participants digested a sudden top-line expansion.
Revenue for the quarter ended September 30 climbed to ₹183 crore—a multi-fold surge from the ₹8.8 crore recorded during the same period last year, according to regulatory filings. Operating margins followed suit. Earnings before interest, tax, depreciation, and amortisation (EBITDA) swung to a positive ₹43.6 crore, erasing an EBITDA loss of ₹3.4 crore from the year-ago base quarter.
| Financial Metric | Q2 Current Quarter | Year-Ago Base Quarter |
|---|---|---|
| Revenue | ₹183 crore | ₹8.8 crore |
| Net Profit / (Loss) | ₹23.5 crore | (₹10 crore) |
| EBITDA | ₹43.6 crore | (₹3.4 crore) |
The steep post-listing advance reflects ferocious institutional appetite that first surfaced during Tonbo's public float. The company raised ₹852 crore in an initial public offering that closed with overall bids reaching 135.9 times the shares on offer. Qualified institutional buyers led that charge, booking their allotted quota more than 293 times over the three-day bidding window.
Non-institutional high-net-worth investors subscribed 170.9 times their portion, while retail bidding closed at 31 times the available allocation.
And momentum carried straight onto the trading floor. Tonbo gained more than 60% on its debut session alone, bypassing the broader market chop before accelerating into Thursday's earnings release. At ₹1,445, the equity sits 106% above its entry benchmark, leaving early book-runners and IPO bidders sitting on triple-digit gains as exchange volume remains elevated.