RBL Bank said in a stock exchange filing that it issued 16.17 million shares to 25 institutional investors at Rs. Photo: Ramesh Pathania/MintMumbai: The initial public offering (IPO) of RBL Bank Ltd, excluding the anchor allotment, was subscribed 308.33% or 3.08 times on Monday, the second of the three-day offering. The Rs.1,211.2 crore IPO, which opened on Friday, will close on 23 August. By 5:30pm on Monday, the IPO had received applications for 116.86 million shares, against the offer of 37.90 million shares. The institutional investor book got subscribed 4.27 times, while the non-institutional category comprising high net-worth individuals was subscribed 1.07 times.

Source: Mint August 22, 2016 12:22 UTC