Analysis and Insights into the world of IPOs and investing in India

Monday, August 22, 2016

RBL Bank IPO closes tomorrow, subscribed 3.08 times till Day 2

The IPO of RBL Bank which opened for subscription from Aug 19, 2016 has been subscribed 3.08 times overall. The subscription seen in the retail category was 3.26 times

RBL Bank IPO closes for subscription tomorrow on Aug 23, 2016. The shares are offered in a narrow price band of Rs.224/- to Rs.225/- per equity share with a bidding lot of 65 equity shares and in multiples thereof

RBL Bank Ltd is a Mumbai India based private sector bank offering range of banking products and services to large corporations, SMEs, agricultural customers, retail customers and development banking & financial inclusion customers.

The IPO has received subscription to the tune of 4.28 times from the QIB category and 1.08 times from the HNI or Non Institutional Investors category till now
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