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Check Tamil Nadu Mercantile Bank IPO GMP aka IPO Gray Market today subject to premium, costark rates, and deal rates. Tamil Nadu Bank IPO GMP has started and looks good. Stay tuned for the latest IPO GMP numbers of TMB IPO.
Tamil Nadu Mercantile Bank IPO have to open September 05, 2022, The company has to raise ₹[.] crore through IPO in which Rs. contains a new issue of[.] An offer for sale of up to Rs. [.] Equity shares from promoters. 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 company recorded a revenue of ₹4,656 crore in 2022 as against ₹4,253 crore in 2021 IPO price band ₹ . has been fixed on[.] from ₹[.] per equity share. Tamil Nadu Mercantile Bank IPO will be listed on NSE and BSE.

What is Tamil Nadu Mercantile Bank IPO GMP Today?
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Tamil Nadu Mercantile Bank IPO is GMP aka Gray Market Premium -.
What are the Tamil Nadu Mercantile Bank IPO Kostak Rates today?
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Tamil Nadu Mercantile Bank IPO kostak rate is –,
What is the IPO of Tamil Nadu Mercantile Bank which is subject to deal price today?
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Tamil Nadu Mercantile Bank IPO deal is subject to rates –,
Expected returns from Tamil Nadu Mercantile Bank IPO?
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The expected return of Tamil Nadu Mercantile Bank is ,,
Date |
GMP |
Kostaki | subject to |
29 August | – | – | – |
26 august | – | – | – |

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 GMP aka Gray Market Premium FAQs:
Tamil Nadu Mercantile Bank IPO GMP is – From today.
Tamil Nadu Mercantile Bank IPO kostak rate is – From today.
Tamil Nadu Mercantile Bank is under IPO deal – From today.
Tamil Nadu Mercantile Bank IPO Expected Returns ,,
Disclaimer:
- IPO Gray Market Premium (Tamil Nadu Mercantile Bank IPO GMP) is valid for the specific date mentioned in the mentioned header.
- We are not buying and selling IPO form IPO on gray market.
- The cost rate is the premium paid to an individual prior to selling or issuing his IPO application (in an off-market transaction) to another individual.
- Do not subscribe for an IPO just by looking at the premium price as it can change anytime before listing. Subscribe only keeping in mind the fundamentals of the companies.
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