Should You Subscribe To Tamilnad Mercantile Bank IPO?

should-you-subscribe-to-tamilnad-mercantile-bank-ipo?

On Monday, the initial public offer (IPO) of Tamilnad Mercantile Bank received 83% subscription. According to NSE data, the IPO received bids for 72,56,228 shares vs 87,12,000 shares on offer.