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Tamilnad Mercantile Bank raised ₹363 crores from 18 Anchor Investors ahead of IPO

Tamilnad Mercantile Bank raised ₹ 363 crores from anchor investors on 2-Sep 2022 before the its IPO. Tamilnad Mercantile Bank IPO to open on 05-Sep-2022. The company allotted total of 71,28,000 equity shares to 21 Anchor investors at an upper price band ₹ 510. The anchor investors list includes 0 Mutual Funds through a total of 0 schemes. The company is going to raise ₹ 831.6 crores via IPO.