EntMnt Xclusive IPO (Initial Public Offering) Discussion & Updates


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RBL Bank IPO chalks up 66% subscription on day 1

The initial public offering of private sector lender RBL Bank garnered 66 per cent subscription today on the first day of the issue. This is the first initial share sale by any private sector lender in a decade. The public issue received bids for 2.51 crore shares as against 3.79 crore on offer, as per the information available with the stock exchanges till 17 hours. The quota reserved for retail investors witnessed a subscription of 87 per cent, while the high networth individuals (HNIs) portion subscribed 19.22 per cent. Besides, shares reserved for qualified institutional buyers (QIBs) saw a subscription of 66.22 per cent. The company, yesterday, raised Rs 364 crore by allotting over 1.61 crore shares to anchor investors at Rs 225 apiece.

Read more at: RBL Bank IPO chalks up 66% subscription on day 1 - Moneycontrol.com


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