Tamilnad Mercantile Bank IPO: Retail portion oversubscribed on day 1. Check GMP, key details2 min read 05 Sep 2022, 08:03 AM IST
Tamilnad Mercantile Bank IPO is a fresh issue of 1.58 crore equity shares
Tamilnad Mercantile Bank's three-day initial public offering (IPO) has opened for public subscription today and will conclude on Wednesday, September 7. The Tuticorin-based private sector lender has fixed the price band at ₹500-525 per share. The lender on Friday said it has mobilised a little over ₹363 crore from anchor investors ahead of its issue.
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