Tag Archives: retail individual investors

ipo: Tamilnad Mercantile Bank IPO subscribed 83% on Day 1 – Blue Barrows

The initial public offer (IPO) of Tamilnad Mercantile Bank received 83% subscription on the first day on Monday. The IPO received bids for 72,56,228 shares against 87,12,000 shares on offer, according to data available with the NSE. The quota for Retail Individual Investors (RIIs) was subscribed 1.53 times, while that for Qualified Institutional Buyers (QIBs) […]