Tamilnad Mercantile Bank IPO price band, GMP, Allotment, Listing date and Price

Tamilnad Mercantile Bank IPO details (5  – 7 Sep), (Price ₹ 500 to 525)

Tamilnad Mercantile Bank IPO price band, GMP, Allotment, Listing date and Price
Tamilnad Mercantile Bank IPO price band, GMP, Allotment, Listing date and Price

Listing date and Listing Price of Tamilnad Mercantile Bank IPO:

  1. Tamilnad Mercantile Bank IPO listed on BSE and NSE exchanges on – Click Here
  2. Listing Price of Tamilnad Mercantile Bank IPO on NSE – Click Here
  3. Listing Price of Tamilnad Mercantile Bank IPO on BSE – Click Here

Grey Market premium (GMP) price of Tamilnad Mercantile Bank IPO :

Grey Market premium (GMP) price of Tamilnad Mercantile Bank IPO is ₹__. Grey Market premium (GMP) of Tamilnad Mercantile Bank IPO means, unofficially if someone buys or sells his application at a fixed rate irrespective of listing price. Check latest GMP of all IPOs.

Tamilnad Mercantile Bank IPO Allotment link status on Link Intime:

  1. Check the allotment status of Tamilnad Mercantile Bank IPO on the below link given by Link Intime.
  2. Tamilnad Mercantile Bank IPO Allotment Link – https://linkintime.co.in/MIPO/Ipoallotment.html

Tamilnad Mercantile Bank IPO Allotment link status on Link Intime can be checked by Application No or DP Client ID or PAN.

Tamilnad Mercantile Bank IPO subscription status details:

Tamilnad Mercantile Bank IPO subscription status details are below:

QIB (Qualified Institl. Bidders)NII (bids above ₹10L)NII (bids below ₹10L)RII (Retail)Total No. of times applied
Day 1
Day2
Day 3
Tamilnad Mercantile Bank IPO subscription status live

Tamilnad Mercantile Bank IPO highlights:

Tamilnad Mercantile Bank IPO bid Opens on 5 Sep 2022
Tamilnad Mercantile Bank IPO bid Closes on7 Sep 2022
Post issue Modification Period8 Sep 2022 (10 to 11 am)
Cut-off time for UPI Mandate Confirmation8 Sep 2022 (up to 12pm)
Issue type100% Book Building
Tamilnad Mercantile Bank IPO issue size₹ 831.60  Cr
Face value of each equity shareRs. 10
Tamilnad Mercantile Bank IPO Price bandRs 500 to Rs 525 per share
Tamilnad Mercantile Bank IPO market lot28 equity shares and multiples
Tamilnad Mercantile Bank IPO minimum order quantity28 equity shares
Pre IPO equity share of promoters of Tamilnad Mercantile Bank__  %
Post IPO paid-up equity share of promoters of Tamilnad Mercantile Bank__ %
QIB portion reservation in Tamilnad Mercantile Bank IPO75 %
NIB portion reservation in Tamilnad Mercantile Bank IPO15 %
Retail portion reservation in Tamilnad Mercantile Bank IPO10 %
Retail individual bidder can apply in Tamilnad Mercantile Bank IPOup to 2 lakh (200,000) – Maximum 13 Lot
Retail individual discount in Tamilnad Mercantile Bank IPONA
Employees can apply in Tamilnad Mercantile Bank IPOup to 5 lakh (500,000)
Employees Reservation in Tamilnad Mercantile Bank IPONA
Employees Discount in Tamilnad Mercantile Bank IPONA
Listing of Tamilnad Mercantile Bank at ExchangesNSE, BSE
Fund raised from Anchor Investors in Pre-IPO of Tamilnad Mercantile BankNA
Registrar of Tamilnad Mercantile Bank IPO issueLink Intime India Private Limited
Tamilnad Mercantile Bank IPO highlights

Tamilnad Mercantile Bank IPO important dates regarding bidding, allotment, listing, refund etc. :

The probable dates regarding bidding, allotment, listing, refund of Tamilnad Mercantile Bank IPO are mentioned below.

Tamilnad Mercantile Bank IPO opens on05.09.2022
Tamilnad Mercantile Bank IPO Closes on07.09.2022
Allotment basis date of Tamilnad Mercantile Bank IPO12.09.2022
Money refund date of Tamilnad Mercantile Bank IPO13.09.2022
Shares of Tamilnad Mercantile Bank in Demat Account14.09.2022
Tamilnad Mercantile Bank IPO listing date on NSE, BSE15.09.2022
Tamilnad Mercantile Bank IPO important dates regarding bidding, allotment, listing, refund etc.

How much shares of Tamilnad Mercantile Bank IPO are being offered?

Type of Issue (Fresh / OFS)No. of Equity shares offeredAmount of Equity shares
Total Issue size₹ 831.60 Crore
Fresh Issue size₹ 831.60  Crore
Offer for Sale (OFS)₹ 0 Crore
Employee Reservation
No. of Equity shares offered of Tamilnad Mercantile Bank IPO

IPO Red Herring Prospectus (RHP) of Tamilnad Mercantile Bank:

Click here for IPO RHP of Tamilnad Mercantile Bank on SEBI website.

Objectives of the Tamilnad Mercantile Bank IPO Issue: (Source – RHP)

Business of Tamilnad Mercantile Bank: (Source – RHP)

We are one of the oldest and leading old private sector banks in India with a history of almost 100 years (Source: CRISIL Report). We offer a wide range of banking and financial services primarily to micro, small and medium enterprises (“MSME”), agricultural and retail customers (“RAM”). As of March 31, 2022, we have 509 branches, of which 106 branches are in rural, 247 in semi-urban, 80 in urban and 76 in metropolitan centres. Our overall customer base is approximately 5.08 million as of March 31, 2022 and 4.05 million or 79.78% of our customers have been associated with us for a period of more than five years and have contributed to ₹ 350,142.39 million or 77.93% to our deposits and ₹ 219,022.26 million or 64.90% to our advances portfolios as of March 2022. As per the CRISIL Report, we had the second highest Net Profit for Fiscal 2022 amongst our Peers, and our Return on Assets was also higher at 1.66% compared to a median 0.80% for our Peers for Fiscal 2022.

Go Back to – IPO Dashboard for other IPOs:

Disclaimer: Kindly verify from RHP and concerned company for any clarification.

%d bloggers like this: