Tamilnad Mercantile Bank IPO fully subscribed on day 2. Check latest GMP
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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.

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