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IPO Status: Listed [5th Sep 2022 to 7th Sep 2022]
Zerodha Trade@20
| IPO Details | Values |
|---|---|
| IPO Open Date | 5th Sep 2022 |
| IPO Close Date | 7th Sep 2022 |
| IPO Issue Size | ₹831.60 Cr. |
| IPO Issue Price | ₹500-525 |
| Market Lot | 28 Shares |
Latest and updated information about Tamilnad Mercantile Bank IPO. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| IPO Open Date | 5th Sep 2022 |
| IPO Close Date | 7th Sep 2022 |
| Basis of Allotment Finalisation Date* |
12th Sep 2022 |
| Refunds Initiation* | 13th Sep 2022 |
| Credit of Shares to Demat Account* |
14th Sep 2022 |
| IPO Listing Date* | 15th Sep 2022 |
* - Tentative Dates
Once an IPO closes for subscription, registrar prepares a basis of allotment in line with SEBI's guidelines. Allotment generally takes place within 1 to 3 days after issue closure.
IPO applicant in any category; QIB, NII, or Retail investor can check the allotment status on the official website of the IPO registrar. Check the Tamilnad Mercantile Bank IPO allotment link below:
Follow the below steps to know whether you got the ATamilnad Mercantile Bank public issue IPO allotment or not;
Note: As registrar is respomsible for the allotment, credit of shares, and refund processes. Thus, in case of any discrepency regarding shares allocation and refunds, you can raise your query to the registrar ([email protected]).
You will also be intimated for allotment status by your bank and broker via email and SMS. A bidder can also check the allotment status by login to their Demat account with your broker.
When an IPO bidder wants to know how shares are allotted to different categories of investors, he/she must check IPO basis of allotment (BOA).
Basis of allotment (BOA) is an important document prepared by registrar to provide complete details on how many applications or bids have been received for the public issue by anchor investors, QIBs, NIIs, and Retail investors (RII) and the ratio of shares allocations. Thus the document shows the IPO demand by providng details on number of applications received along with the shares reserved across categories, and the shares allocation ratio for different categories of applicants.
The allocation ratio in the BOA specifies that how many applicants will receive one lot of shares among specified number of applicants. For instance, if the ratio is 1:10 means every 1 out of 15 IPO applicants will receive one IPO lot.
Last Updated on 2022-11-07T08:31:09+00:00
Tamilnad Mercantile Bank IPO shares allotment decision can be expected by 12-09-2022.
Once the shares are allotted by the company then you can check the Tamilnad Mercantile Bank IPO allotment status online here >>Link. You just need to enter your PAN number or DP client ID to know the allotment status. Alternatively, one can also check the IPO allotment status on the registrar's website or with your broker itself.
Once shares are allotted and refund has made then thereafter, the IPO will be listed in the market. TheTamilnad Mercantile Bank IPO shares are expected to list by 15-09-2022.
After successful allotment of the Tamilnad Mercantile Bank IPO on 12-09-2022, the share will be credited to your demat account next day. Investors whom shares will be allotted will get its delivery in their demat account, however, for those whom shares have not been allotted will get refunds of the payment made.
