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Tamilnad Mercantile Bank IPO subscribed 83% on Day 1 | Economic Times

Tamilnad Mercantile Bank IPO subscribed 83% on Day 1 https://ift.tt/hDxzyEO initial public offer of 1.58 crore equity shares is in a price range of ₹500-525 per share. Private sector lender Tamilnad Mercantile Bank on Friday mobilised a little over ₹363 crore from anchor investors. The issue will conclude on September 7. At the upper end of the price band, the bank is expected to mobilise ₹831.6 crore through the IPO.
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