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Tuesday, August 30, 2016

RBL Bank Limited will list its equity shares offered under the IPO with effect from Wednesday, August 31, 2016. RBL Bank Limited is a scheduled commercial bank headquartered in the Kolhapur region of Maharashtra. Founded in August 1943, RBL is one of the oldest private sector banks in India.

RBL Bank IPO was open for subscription between Aug 19, 2016 and Aug 23, 2016 and had received a spectacular response from the investors with the IPO getting subscribed 69.62 times on an overall basis. The retail portion was subscribed 5.70 times

The Issue Price for the IPO was fixed at Rs.225/- per equity share. The shares are expected to be listed above Rs.275/- a piece with volatility expected as the days goes on

Check back here for more on RBL Bank maiden trades and listing

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