Sun. Sep 25th, 2022


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 ₹[.] crores through IPO In which ₹. Contains the latest issue of[.] 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

Tamil Nadu Mercantile Bank IPO Review (Good or Bad)

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Tamil Nadu Mercantile Bank IPO Date & Price Band

Tamil Nadu Mercantile Bank IPO Open: September 5, 2022
Tamil Nadu Mercantile Bank IPO closed: September 7, 2022
Tamil Nadu Mercantile Bank IPO Size: almost [.] Ten million
Latest Issues: almost [.] Ten million
Offer for sale: almost [.] common share
Face value: ₹10 per equity share
Tamil Nadu Mercantile Bank IPO Price Band: [.] from ₹[.] per share
On Tamil Nadu Mercantile Bank IPO Listing: BSE and NSE
Retail Quota: 10%
QIB Quota: 75%
NII Quota: 15%
Discount: n/a
DRHP Draft Prospectus: click here
RHP Draft Prospectus: click here
List of Anchor Investors: click here

Tamil Nadu Mercantile Bank IPO Market Lots

Tamil Nadu Mercantile Bank IPO Minimum Market Lot [.] Share with ₹[.] Application amount. Retail investors can apply up to 13 lots [.] Share or ₹[.] price.

Minimum lot size: the minimum [.] shares for 1 lot
minimum amount: [.] for 1 lot
Max Lot Size: maximum [.] shares for 13 lots
maximum amount: [.] for 13 lots

Tamil Nadu Mercantile Bank IPO Allotment & Listing Dates

Tamil Nadu Mercantile Bank IPO date is 5th September and the last date is 7th September. Tamil Nadu Mercantile Bank IPO allotment will be on 23rd September and IPO will be listed on 26th September.

Price Band Declaration: 1 September 2022
Anchor Investor Allocation: 2 September 2022
Tamil Nadu Mercantile Bank IPO Open Date: September 5, 2022
Tamil Nadu Mercantile Bank IPO Closing Date: September 7, 2022
Allocation Basis: 12 September 2022
Refunds: 13 September 2022
Credit to Demat Account: September 14, 2022
Tamil Nadu Mercantile Bank IPO Listing Date: September 15, 2022

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 at your bank or with your broker.

Tamil Nadu Mercantile Bank Company Financial Report

₹ in crore
revenue Expense to Pat
2020 ₹3,993 ₹3,585 ₹465
2021 ₹4,253 ₹3,650 ₹654
2022
₹4,656 ₹3,835 ₹902

Tamil Nadu Mercantile Bank IPO Valuation – FY2022

Check out Tamilnad Mercantile Bank IPO valuation details such as Earnings Per Share (EPS), Price/Earnings P/E Ratio, Return on Net Worth (RONW), and Net Asset Value (NAV) details.

Earnings Per Share (EPS): ₹57.67 per equity share
Price/Earnings P/E Ratio: n/a
Return on Net Worth (RONW): 15.40%
Net Asset Value (NAV): 374.41 per equity share

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
Email: tmb.ipo@linkintime.co.in
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
Email: secretarial@tmbank.in
Website: http://www.tmb.in/

Tamilnadu Mercantile Bank IPO FAQs

What is Tamil Nadu Mercantile Bank IPO?

Tamil Nadu Mercantile Bank IPO is a Main Board IPO. they are going raise ₹[.] Ten million Issue through IPO at cost [.] from ₹ [.] per equity share. to be ipo Listed on BSE and NSE,

When will Tamil Nadu Mercantile Bank IPO open?

IPO is about to open September 5, 2022, For QIBs, NIIs and Retail Investors.

What is Tamil Nadu Mercantile Bank IPO Investor Part?

share of investors QIB-75%, NII-15%And retail 10%,

How to Apply Tamil Nadu Mercantile Bank IPO?

You can apply for Tamilnad Mercantile Bank IPO online through ASBA through your bank account. You can apply for ASBA online through UPI through your stockbrokers. You can also apply through your stockbrokers by filling the offline form.

How to Apply Tamil Nadu Mercantile Bank IPO through Zerodha?

Log in to the console in the Zerodha website or application. Go to Portfolio and click on IPO. You will see the IPO name “Tamil Nadu Mercantile Bank”. Click on the Bid button. Enter your UPI ID, quantity and price. Submit the IPO application form. Now go to your UPI app on net banking or BHIM app to approve the mandate. Open Demat Account with Zerodha.

How to Apply Tamil Nadu Mercantile Bank IPO through Upstox?

Log in to the Upstox application with your credentials. Select IPO. You will see the IPO name “Tamil Nadu Mercantile Bank”. Click on the Bid button. Confirm your application. Now go to your UPI app on net banking or BHIM app to approve the mandate. Open a Demat account with Upstox.

How to Apply Tamil Nadu Mercantile Bank IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select IPO. You will see the IPO name “Tamil Nadu Mercantile Bank”. Click on the Bid button. Confirm your application. Now go to your UPI app on net banking or BHIM app to approve the mandate. Open Demat Account with Paytm Money.

What is the size of Tamil Nadu Mercantile Bank IPO?

The size of the IPO of Tamil Nadu Mercantile Bank is [.] Ten million,

What is Tamil Nadu Mercantile Bank IPO Price Band?

Tamil Nadu Mercantile Bank IPO Price Band is [.] from ₹[.]

What is the Tamil Nadu Mercantile Bank IPO minimum and maximum lot size?

the lowest bid is [.] shares with [.] amount while the maximum bid is [.] shares with [.],

What is Tamil Nadu Mercantile Bank IPO Allotment Date?

Tamil Nadu Mercantile Bank IPO allotment date is 12 september, 2022,

What is Tamil Nadu Mercantile Bank IPO Listing Date?

Tamil Nadu Mercantile Bank IPO listing date is 15 september, 2022, The IPO has to be listed on BSE and NSE.

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).



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