Nifty Bank index of which RBL Bank Ltd is a constituent, has slipped around 2.3% in last one month.
The price band for the issue is fixed at Rs 186-187 per share.
Organised pipe manufacturers are buzzing on Dalal Street amid record-high prices in PVC resins.
The Nifty 50 index was up 85.35 points or 0.57% at 15004.45.