Tamilnad Mercantile Bank Limited IPO Details – Tamilnad Mercantile bank IPO price and dates are fixed. The opening date of Tamilnad IPO is 05 Sep 2022 and the closing date is 07 Sep 2022. The company is going to raise ₹831 Cr through IPO and the issue type is Book built Issue type. The Face Value of Tamilnad IPO is Rs 10/share. The reservation sequence is QIB=75%, NII=15 %, and RII= 10%.
About Tamilnad Mercantile Bank Limited
- Tamilnad Mercantile Bank Limited is India’s Oldest Pvt bank.
- Established in 1921, under the name of Tamilnad Mercantile Bank (TMB).
- Tamilnad Mercantile Bank builds strong branch networks of 509 branches.
Tamilnad Mercantile Bank Limited IPO Review
For Long Term:- Not Recommended
For Listing Gain:- Check GMP before applying
Tamilnad Mercantile Bank Limited IPO GMP Today
Tamilnad Mercantile Bank IPO GMP is Rs05.
| Date | GMP | Subject Rate |
|---|---|---|
| 07 Sep 2022 | ₹05 | ₹500 |
Also Read: Income Tax in Stock Market 2022
Tamilnad Mercantile Bank Limited Financial Report ₹(in cr)
| Year | Revenue | PAT | Assets |
|---|---|---|---|
| Mar 20 | 3992.5 | 464.8 | 42758.8 |
| Mar 21 | 4253.4 | 654 | 47527.17 |
| Mar 22 | 4656.4 | 901.9 | 52858.4 |
Tamilnad Mercantile Bank Limited IPO Date & Details
It is a Fixed issue type IPO with an IPO Size of ₹831.60 cr and it will list on BSE as well as on NSE.
| IPO Open Date | 05 Sep 2022 |
| IPO Close Date | 07 Sep 2022 |
| Lot Size | 28 Shares |
| Issue Size | ₹831.60 cr ( 15,840,000 Shares) |
| Issue Type | Book Building |
| Fresh Issue | ₹cr (15,840,000Shares) |
| Offer For sale | ₹cr ( shares) |
| Face Value | ₹10/Equity Share |
| Price Band | ₹500 – 525/Share |
| List On | BSE & NSE |
| DRHP | Click Here |
| GMP | Click Here |
Objective
The main objective of Tamilnad Mercantile Bank Limited is to raise funds are:
- To Meet Offer Expenses
- To get Stock exchange listing benefits.
- Working Capital Requirement
Tamilnad Mercantile bank Limited IPO Market Lot Size
In Tamilnad Mercantile bank issuing 15,840,000 shares of 831.60Cr out of which a Retail Individual investor can apply for a maximum of 13 lots in which they get 364 shares and the payable amount is Rs 191,100.
| Minimum Lot Size | 1 Lot, 28 Shares |
| Minimum Amount | ₹14,700 |
| Maximum Lot Size | 13 Lot, 364 Shares |
| Maximum Amount | ₹191,100 |
Click Here to Check Upcoming IPO of 2022
IPO Time Table
Tamilnad Mercantile Bank IPO Open date is 05 Sep 2022 and the closing date is 07 Sep 2022. The Allotment date is 12 Sep 2022 and the Listing Date is 15 Sep 2022.
| Tamilnad Mercantile bank IPO Open Date | 05 Sep 2022 |
| Tamilnad Mercantile Bank IPO Close Date | 07 Sep 2022 |
| Allotment Date | 07 Sep 2022 |
| Refund Date | 13 Sep 2022 |
| Credit to Demat Account | 14 Sep 2022 |
| Tamilnad Mercantile bank Listing Date | 15 Sep 2022 |
Tamilnad Mercantile Bank Limited Company Promoters
Tamilnad Mercantile Bank Ltd Peer’s
- CSB Bank
- City Union Bank
- Federal Bank
- DCB Bank
- Karur Vysya Bank
- RBL Bank
- south Indian Bank
- Karnataka Bank
Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: tmb.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Address
Tamilnad Mercantile Bank Limited
No. 57, Victoria Extension Road
Thoothukudi – 628 002,
Phone: +91 461 2325136
Email: secretarial@tmbank.in
Website: http://www.tmb.in/
Tamilnad Mercantile Bank Limited FAQ
What is Tamilnad IPO Price?
What is Tamilnad Mercantile bank’s IPO Date?
What is Tamilnad Mercantile bank IPO issue size?
What is Tamilnad Mercantile bank IPO allotment Date?
What is Tamilnad Mercantile bank Ltd’s Listing Date?
How to Apply Tamilnad Mercantile bank IPO through Zerodha?
2. Go to Portfolio and Click on IPO.
3. You will see the IPO Name “Tamilnad ”. Click on Bid Button.
4. Enter your UPI ID, Quantity, and Price.
5. Submit IPO Application Form.
6. Now go to your UPI App on Net Banking or BHIM App to Approve the payment process.
How to Apply Tamilnad Mercantile bank IPO through Upstox App?
2. Go to Portfolio and Click on IPO.
3. You will see the IPO Name “Tamilnad ”. Click on Bid Button.
5. Enter your UPI ID, Quantity, and Price.
6. Submit IPO Application Form.
7. Now go to your UPI App on Net Banking or BHIM App to Approve the payment process.
How to Apply Tamilnad Mercantile bank IPO through Groww App?
2. Now you can see IPOs and Click on IPO.
3. You will see the IPO Name “Tamilnad”.
4. Click on Bid Button.
5. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form.
6. Now go to your UPI App on Net Banking or BHIM App to approve the payment process.
How to Apply Tamilnad Mercantile bank IPO through Paytm Money App?
2. Now you can see Invest is IPOs Section and Click on IPO.
3. You will see the IPO Name “Tamilnad Mercantile bank”.
4. Click on Bid Button.
5. Enter your UPI ID, Quantity, and Price.
6. Submit IPO Application Form.
7. Now go to your UPI App on Net Banking or BHIM App to Approve the payment process.
Conclusion:- I hope this article is helpful for you if you have any queries regarding IPO and upcoming IPO you can comment down below.