India: RBL Bank’s IPO subscribed 3.08 times on day 2

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.

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