You are here: Home » Markets » IPOs » News
;
Business Standard

RBL Bank IPO subscribed three times

The retail portion of the IPO has already been subscribed 3.25 times

BS Reporter  |  Mumbai 

RBL Bank’s initial public offering (IPO) of shares has been subscribed three times a day before its close. The 37.9 million-share offering had received 117 million bids, data provided by stock exchanges show. The Rs 1,200-crore IPO closes on Tuesday.

The retail (small investor) portion of the IPO has already been subscribed 3.25 times, institutional (big) investor portion has been subscribed 4.3 times and high net worth (rich) individual quota has been fully covered. Typically, most bids in an IPO come on the final day. Last week, RBL Bank had allotted 16.2 million shares at Rs 225 ...

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.


We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, August 22 2016. 22:41 IST