Sun. Sep 25th, 2022


Tamil Nadu Mercantile Bank IPO Membership Status starting from monday, 5 September 2022 and will close on September 7, 2022. 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. company Reported Revenue ₹4,656 crore in 2022 against a revenue of ₹4,253 crore in 2021. of the company Financial reports look strong And profits are also looking strong. Kindly check Tamil Nadu Mercantile Bank IPO Membership Status details here.

Watch iPOWatch:

We recommend that investors can go for IPO from a long term perspective. Investors should also look at retail and HNI data before investing. you can check Tamil Nadu Mercantile Bank IPO Allotment Status Here.

IPO Membership Update:

  • first day: Tamilnad Mercantile Bank’s IPO saw an overall subscribed 0.83x, 0.73x, NII 0.58x and Retail 1.53x in that QIB.
Tamil Nadu Mercantile Bank

Tamil Nadu Mercantile Bank IPO Membership Status (Live Update – Day 2)

Last Updated – 14:00

grade first day second day day 3
QIB 0.73 0.73 ,
nii 0.58 0.87 ,
RII 1.53 2.61 ,
gross 0.83 1.11 ,

Tamil Nadu Mercantile Bank IPO Investor Categories

  • Qualified Institutional Buyers (QIBs): Financial Institutions, Banks, FIIs and Mutual Funds
  • Non-Institutional Investors (NIIs): Individual Investors, NRIs, Companies, Trusts, etc.
  • Retail Individual Investors (RIIs): Retail Individual Investor or NRI
  • Employee (EMP): qualified staff
  • other: eligible shareholders

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 Date & Price Band Details

Tamil Nadu Mercantile Bank IPO Open: 5 September 2022
Tamil Nadu Mercantile Bank IPO closed: September 7, 2022
Tamil Nadu Mercantile Bank IPO Size: almost ₹831.60 Ten million
Latest Issues: almost 831.60 Ten million
Offer for sale: almost [.] common share
Face value: ₹10 per equity share
Tamil Nadu Mercantile Bank IPO Price Band: 500 from ₹525 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 is 28 shares with 14,700 application amount. Retail investors can apply for 364 shares or up to 13 lots with an amount of ₹191,100.

Minimum lot size: the minimum 28 shares for 1 lot
minimum amount: ₹14,700 for 1 lot
Max Lot Size: maximum 364 shares for 13 lots
maximum amount: ₹191,100 for 13 lots

Tamil Nadu Mercantile Bank IPO Subscription 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: 5 September 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 to your bank or with your broker.

Tamil Nadu Mercantile Bank IPO Membership Status FAQs:

When will the Tamil Nadu Mercantile Bank IPO subscription start?

IPO subscription begins 5 September 2022 For NII and retail investors.

How to subscribe Tamilnadu Mercantile Bank IPO?

You can go with ASBA and non-ASBA options for membership. Go to your bank account and apply for IPO online through ASBA or download the online form or get the physical form and submit the filled form to your broker or bank.

How do I check live Tamilnad Mercantile Bank IPO subscription number today?

You can visit our portal for Live IPO subscription number which we are updating on hourly basis from official websites. One can also check the live subscription on the official websites on the particular IPO page.

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 Tamilnadu 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 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 September 15, 2022, The IPO has to be listed on BSE and NSE.

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