Tamilnad Mercantile Bank allotted shares to anchor investors before IPO

Tamilnad Mercantile Bank allotted shares to anchor investors before IPO
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Planify Author

Financial Analyst Intern
Publish Date5 September 2022
Reading time1 Min

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StockBeginner GuideAngel InvestingSME IPOEconomy MarketAIFInvestmentsMore

Tamilnad Mercantile Bank allotted 71,28,000 shares to 21 Anchor investors at 510.  Price band in the IPO is 500-525. TMB allotted shares below the upper end of the price band.

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Unlisted SharesPre-IPOInvestmentStock MarketFinance

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