Tamil Nadu Mercantile Bank IPO Date, Review, Price, Allotment & Analysis – View IPO

Tamil Nadu Mercantile Bank IPO Date Sure, IPO open 5 september and will close on 7th September. Tamil Nadu Mercantile Bank (TMB) IPO To raise around ₹831.60 crore through IPO Including fresh issue of ₹831.60 crore and offer for sale [.] ₹10 each. Retail quota is 10%QIB is 75%, and HNI is 15%.

Tamil Nadu Mercantile Bank (TMB) is a private bank and one of the oldest among the private sector banks in India. TMB was incorporated in 1921 and is headquartered in Thoothukudi, Tamil Nadu, India. The bank has a long-standing track record with a working history of more than 100 years.

The bank providing banking and financial services to its customers are Retailers, Micro Enterprises, Small and Medium Enterprises, MSMEs and more. They have a strong network of over 500 branches and a customer base of over 5 million as of March 2022. They have over 350 branches in the state of Tamil Nadu and have a presence in 15 states and 4 union territories. You can check Tamilnad Mercantile Bank IPO Membership Status and Tamilnad Mercantile Bank IPO Allotment Status on their respective pages.

Items of issue:

• Enhancing Tier-I capital base to meet future capital requirements.
• Meet the offer issue expenses.
• To get the benefits of listing the shares on the stock exchanges.

Tamil Nadu Mercantile Bank IPO Review (Good or Bad)

brokerage firm ipo review

• Edgecon Global: to request
• Capital Markets: neutral
• axis Bank: not rated
• KR Choksi: neutral
• Canara Bank: may apply
• ICICI Direct: may apply
• Jainam Broking: may apply
• Nirmal Bang: may apply
• Religare Broking: may apply

Tamil Nadu Mercantile Bank IPO Form

How to apply for Tamil Nadu Mercantile Bank IPO? You can apply for Tamil Nadu Mercantile Bank IPO through ASBA available in your bank account. Simply go to online bank login and apply through your bank account by selecting Tamil Nadu Mercantile Bank IPO in investment section. Another option is that you can apply for Tamil Nadu Mercantile Bank IPO through NSE and BSE through downloaded IPO form. View Tamil Nadu Mercantile Bank Form – BSE Form & NSE Form Download blank IPO form, fill, and submit to your bank or with your broker.

peer group

• City Union Bank Limited
• CSB Bank Limited
• DCB Bank Limited
• Federal Bank Limited
• Karur Vysya Bank Limited
• Karnataka Bank Limited
• RBL Bank Limited

company promoter

• TMB is a professionally managed bank and does not have an identifiable promoter.

Tamil Nadu Mercantile Bank IPO Registrar

Link Intime India Private Limited
Phone: +91-22-4918 6270
E-mail: [email protected]
Website: https://linkintime.co.in/

Check Tamil Nadu Mercantile Bank IPO Allotment Status

Check Tamil Nadu Mercantile Bank IPO allotment status on linkintime website allotment url. click here

Tamil Nadu Mercantile Bank IPO Lead Managers

• Axis Capital Limited
• Motilal Oswal Investment Advisors Private Limited
• SBI Capital Markets Limited

Company Address

Tamil Nadu Mercantile Bank Limited
No. 57, Victoria Extension Road
Thoothukudi – 628 002,
Phone: +91 461 2325136
E-mail: [email protected]
Website: http://www.tmb.in/

Tamilnadu Mercantile Bank IPO FAQs

Note: Tamil Nadu Mercantile Bank IPO price band and date has been officially announced. IPO Gray Market Premium (Tamil Nadu Mercantile Bank IPO Premium) will be added as soon as the IPO starts on the Gray Market page).