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 E-mail: secretarial@tmbank.in 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 E-mail: tmb.ipo@linkintime.co.in Website: www.linkintime.co.in 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 E-mail: tmb.ipo@axiscap.in Website: www.axiscapital.co.in 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 E-mail: tmb.ipo@motilaloswal.com Website: www.motilaloswalgroup.com 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 E-mail: tmb.ipo@sbicaps.com Website: www.sbicaps.com 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
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.
|
0 Response to "Tamilnad Mercantile Bank IPO Details"
Post a Comment