News > Tamilnad Mercantile Bank IPO fully subscribed on day 2
Tamilnad Mercantile Bank IPO fully subscribed on day 2
Holisticinvestment | 06/09/2022 03:24 PM | Click to read full article
The Initial Public Offer (IPO) of Tamilnad Mercantile Bank has been fully subscribed on the second day on Tuesday. The Tuticorin-based private sector lender has fixed the price band at ₹500-525 per share and the share sale will conclude on Wednesday, September 7.
The lender on Friday said it has mobilised a little over ₹363 crore from anchor investors ahead of its issue.