60% upside in 24 months? Tamilnad Bank IPO opens on Monday. Here’s what analysts said
The professionally-managed private lender, which does not have any identifiable promoters, on Friday allotted 71,28,000 equity shares to 10 anchor investors and raised Rs 363.53 crore at Rs 510 apiece. This is against the price band of Rs 500 – Rs 525 per share for a fresh issue of 1,58,40,000 equity shares.
Traders find haven from global stock gloom in Southeast Asian markets
“We are remaining focused on India and Southeast Asia markets,” Manishi Raychaudhuri, head of Asia Pacific equity research for BNP Paribas, said on Bloomberg TV. “These are not only growing in terms of economic revival post-Covid, but also strongly growing in terms of the earnings estimates.”