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

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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