Tamilnad Mercantile Bank IPO: Check subscription date, price band and more
The IPO will be a fresh issue of 1.58 crore equity shares and the Tuticorin-based bank proposes to utilise the proceeds from the issue for augmenting its Tier-I capital base to meet future capital requirements, according to the Red Herring Prospectus (RHP).
At the upper end of the price band, the bank is expected to mobilise Rs 831.6 crore through the IPO. Source: Freepik