Tamilnad Mercantile Bank IPO Details


Our Bank was incorporated in the name of ‘Nadar Bank Limited’ on May 11, 1921 at Thoothukudi, Tamil Nadu as a limited company under the Indian Companies Act, 1913 pursuant to a certificate of incorporation issued by the erstwhile Assistant Registrar of Joint Stock, Palamcottah. Our Bank commenced its business on November 11, 1921 at Thoothukudi, Tamil Nadu. Subsequently, the name of our Bank was changed to ‘Tamilnad Mercantile Bank Limited’, with effect from November 27, 1962, pursuant to a letter of approval from the Government of India dated November 14, 1962 and a fresh certificate of incorporation dated July 17, 1968 was issued by the Assistant Registrar of Companies, Madras. For further details in relation to the changes in the registered office
Tamilnad Mercantile Bank IPO Details
Issue Open 05-09-2022
Issue Close 07-09-2022
Allotment Date 12-09-2022
Unblocked Amount 13-09-2022
Credit Demat Amount 14-09-2022
Listing Date 15-09-2022
Issue Size
1,58,40,000 Total Equity Share
1,58,27,495 Fresh Issue Equity Share
12,505 OFS Equity Share
Issue Size ₹ 831.6 Cr
₹ - Cr Fresh
₹ - Cr OFS
IPO Price Band ₹ 500 - ₹ 525
Minimum Share Bid 28
Minimum Investment Amount [₹]  ₹ 14,700
Face Value ₹ 10
Qualified Institutional Buyer [QIB] 50 %
High Networth Individual [HNI] 15 %
Retail Individual Investor [RII] 35 %
Listing On BSE & NSE
Tamilnad Mercantile Bank IPO Rating
LiveIPO -
Hem Security -
Tamilnad Mercantile Bank IPO Related Link
Tamilnad Mercantile Bank IPO GMP
Tamilnad Mercantile Bank IPO Subscription
Tamilnad Mercantile Bank IPO Allotment Status
Tamilnad Mercantile Bank IPO Financial Details (₹ in Cr)
Financial Year Total Asset Total Revenue Total Expenses Profit After Tax
FY-2019 40532.796 3638.798 3380.218 294.619
FY-2020 42758.797 3992.529 3584.835 464.892
FY-2021 47527.169 4253.402 3650.073 654.043
FY-2022 52858.488 4656.435 3834.526 901.902
Tamilnad Mercantile Bank IPO Valuation Details
Earnings Per Share [EPS] ₹ 42.34
Price/Earnings [P/E] Ratio -
Return on Net Worth [RoNW] 13.17 %
Net Asset Value [NAV] ₹ 321..38 Per Share
Tamilnad Mercantile Bank IPO Subscription Details
As on Date QIB NII RII Total
Shared Offered 47,52,000 23,76,000 15,84,000 87,12,000
Day-1
[05-09-2022]
34,45,904
[0.73]
13,88,604
[0.58]
24,21,720
[1.53]
72,56,228
[0.83]
Day-2
[06-09-2022]
46,48,672
[0.98]
30,08,908
[1.27]
57,10,880
[3.61]
1,33,68,460
[1.53]
Day-3
[07-09-2022]
76,86,392
[1.62]
69,89,528
[2.94]
1,02,58,668
[6.48]
2,49,34,588
[2.86]
Tamilnad Mercantile Bank IPO Grey Market Premium
Tamilnad Mercantile Bank IPO Grey Market Premium
Tamilnad Mercantile Bank IPO Allotment Status
Tamilnad Mercantile Bank IPO Allotment Status
  Tamilnad Mercantile Bank IPO Live Subscription
Tamilnad Mercantile Bank IPO Subscription in BSE
Tamilnad Mercantile Bank IPO Subscription in NSE
Tamilnad Mercantile Bank IPO Prospectus
Tamilnad Mercantile Bank IPO DRHP
Tamilnad Mercantile Bank IPO RHP
Tamilnad Mercantile Bank IPO Contact Details
Tamilnad Mercantile Bank Ltd
No. 57, Victoria Extension Road,
Thoothukudi – 628 002,
Tamil Nadu,
India;
Tel: +91 461 2325136
Tel: +91 461 2323666
Website: www.tmb.in
Corporate Identity Number: U65110TN1921PLC001908
  Tamilnad Mercantile Bank IPO Registrar
Link Intime India Private Limited
C-101, 1st Floor, 247, Lal Bahadur Shastri
Marg,
Vikhroli (West), Mumbai 400 083
Maharashtra, India
Tel: +91 22 4918 6200
Investor grievance e-mail: tmb.ipo@linkintime.co.in
Contact person: Shanti Gopalkrishnan
SEBI registration no.: INR000004058
  Tamilnad Mercantile Bank IPO Lead Managers
Axis Capital Limited
1st Floor, Axis House
C 2, Wadia International Centre
P.B. Marg, Worli
Mumbai 400 025
Maharashtra, India
Tel: +91 22 4325 2183
Investor grievance email: complaints@axiscap.in
Contact person: Ankit Bhatia/ Pavan Naik
SEBI registration no: INM000012029

Motilal Oswal Investment Advisors Limited
Motilal Oswal Tower, Rahimtullah, Sayani Road
Opposite Parel ST Depot,
Prabhadevi, Mumbai 400 025
Maharashtra, India
Tel: +91 22 7193 4380
Investor grievance e-mail: moiaplredressal@motilaloswal.com
Contact person: Ritu Sharma
SEBI registration no.: INM000011005

SBI Capital Markets Limited
202, Maker Tower ‘E’
Cuffe Parade, Mumbai 400 005
Maharashtra, India
Tel: +91 22 2217 8300
Investor grievance e-mail: investor.relations@sbicaps.com
Contact person: Karan Savardekar
SEBI registration no.: INM000003531
  Tamilnad Mercantile Bank IPO FAQs
What is Tamilnad Mercantile Bank IPO?
Tamilnad Mercantile Bank IPO is a main-board IPO of 1,58,40,000 equity shares of the face value of ₹10 aggregating up to ₹831.6 Crores. The issue is priced at ₹500 to ₹525 per equity share. The minimum order quantity is 28 Shares.

What is Tamilnad Mercantile Bank IPO Registrar?
Link-Intime India Private Ltd is the registrar for Tamilnad Mercantile Bank IPO. The Tamilnad Mercantile Bank IPO are to be listed on BSE NSE.

When Tamilnad Mercantile Bank IPO will Open or Close?
The Tamilnad Mercantile Bank IPO opens on 05-09-2022 and closes on 07-09-2022.

What is Tamilnad Mercantile Bank IPO Price Band?
Tamilnad Mercantile Bank IPO Price Band is ₹500 to ₹525 per equity share.

What is the lot size of Tamilnad Mercantile Bank IPO?
Tamilnad Mercantile Bank IPO the minimum bid is 28 Shares with ₹14,700 amount and maximum bid is 364 shares with ₹1,91,000.

When Tamilnad Mercantile Bank IPO Allotment date?
The Tamilnad Mercantile Bank IPO Allotment will be done on 12-09-2022


When Tamilnad Mercantile Bank IPO Share Credited to Demat?
The Tamilnad Mercantile Bank IPO Shares will be credited to your demat account on 14-09-2022.

On which date will Tamilnad Mercantile Bank IPO Refund the amount?
Tamilnad Mercantile Bank IPO will refund the amount on 13-09-2022

When is Tamilnad Mercantile Bank IPO listing date?
The Tamilnad Mercantile Bank IPO listing date is on 15-09-2022.

What is the expected Tamilnad Mercantile Bank IPO Listing Price?
As Per Grey Market Premium (GMP) and Market view we are expected to listing Tamilnad Mercantile Bank IPO is around - to -

What is Tamilnad Mercantile Bank IPO Expected Returns?
As per Grey Market Premium (GMP), Tamilnad Mercantile Bank IPO Expected Returns is -% .

What is a NSE and BSE Code for the Tamilnad Mercantile Bank IPO?
The Tamilnad Mercantile Bank IPO NSE Code is - and the BSE Code is -.

What is the stop loss in Tamilnad Mercantile Bank IPO?
If Tamilnad Mercantile Bank IPO go to below - then sell Tamilnad Mercantile Bank IPO.

What i do in Tamilnad Mercantile Bank IPO?
If Tamilnad Mercantile Bank IPO listing above - then sell Tamilnad Mercantile Bank IPO and book profit.

How to check Tamilnad Mercantile Bank IPO Allotment Status?
Below we are provide all the step how to check Tamilnad Mercantile Bank IPO allotment online 
  1. Go to the Tamilnad Mercantile Bank IPO Allotment Status Link
  2. Click on Click Here button 
  3. Select Tamilnad Mercantile Bank IPO
  4. Enter your details (PAN Number, Application Number, DP Client ID)
  5. Click Search Button
  6. After Click on Search button you will be able to see allotment status 
How to Apply the Tamilnad Mercantile Bank IPO?
You can apply Tamilnad Mercantile Bank IPO using ASBA online through your internet banking.
You can also apply Tamilnad Mercantile Bank IPO ASBA online via UPI ID through your stock brokers apps.
You can also apply Tamilnad Mercantile Bank IPO via your stock brokers’ office by filling up the offline application form and submit to your Bank.
Disclaimer:-
       I request all investors, before applying for any IPO, please check the fundamentals and financial condition of the company and then applying to any IPO.
       www.liveipo.in will not be responsible for any kind of losses. So apply to any IPO at your risk
        We are not buying or selling any IPO forms regarding IPO Grey Market premium. We are only provide only recommendation of any IPO.
       Please do not subscribe to any IPO by just seeing the Grey Market Premium Price. It can change at any time.

1 Response to "Tamilnad Mercantile Bank IPO Details"

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