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Tamilnad Mercantile Bank IPO Details 2022, Price, Lot

IPO Status: Closed [5th Sep 2022 to 7th Sep 2022]

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Tamilnad Mercantile Bank IPO Detail

Tamilnad Mercantile Bank IPO comprising a fresh issue of Rs. 831.60 Cr opens for subscription on 5 Sep and closes on Sept 07, 2022. The IPO price band is fixed at Rs. 500-525 and one can apply for the IPO lot of 28 shares and its multiples. The face value of shares is Rs 10 per share. Stay updated with us to know more about the Tamilnad Mercantile Bank IPO Details including issue size, minimum order amount, business overview, company financials, live subscription, GMP, allotment status, and more.

Tamilnad Mercantile Bank IPO Details

IPO Issue Opening Date: 5th Sep 2022
IPO Issue Closing Date: 7th Sep 2022
IPO Issue Price: ₹500-525 Per Share
DRHP: View DRHP
RHP: View RHP
IPO Listing At: BSE, NSE
Retail Quota: 10%
IPO Issue Type: Book Build Issue
IPO Issue Size: ₹831.60 Cr.
Fresh Issue: 15,840,000 shares at ₹500-525/share
[Aggregating to ₹831.60 Cr.]
Face Value: ₹10 Per Equity Share
Promoter Holding Pre IPO:
Promoter Holding Post IPO:
Allotment Status: Allotment Status
BSE Code: 543596
NSE Code: TMB

IPO Live GMP IPO Live GMP

Tamilnad Mercantile Bank IPO Important Dates

In this section we have covered all important dates related to Tamilnad Mercantile Bank IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

Tamilnad Mercantile Bank IPO important dates
IPO Activity Date
Basis of Allotment Date* 12th Sep 2022
Refunds Initiation* 13th Sep 2022
Credit of Shares to Demat* 14th Sep 2022
IPO Listing Date* 15th Sep 2022

* - Tentative Dates

Tamilnad Mercantile Bank IPO Lots

IPO Activity Date
Issue Price ₹500-525
Market Lot: 28 Shares
1 Lot Amount: ₹14700
Min Small HNI Lots(2-10 Lakh): 392 shares (14 lots)
Min Big HNI Lots(10+ Lakh): 1932 shares (69 lots)
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  • About Company - Tamilnad Mercantile Bank

    Tamilnad Mercantile Bank (TMB) is one of the leading old private sector banks in India with a history of 100 years. TMB provides a wide range of banking products and financial services to a diversified customer base including micro, small, and medium enterprises (MSMEs), and agricultural and retail customers (RAM).

    Its portfolio of advances primarily comprised loans to retail clients, agricultural customers, and MSMEs while deposits include term deposits, savings bank deposits, recurring deposits, and current bank account deposits.

    As of 31 Mar 2022, TMB has a total customer base of 5.08 million that contributes nearly 80% to the bank's total deposits and accounted for 65% of its portfolio of advances. As of 31 Mar 2022, the bank has a total of 509 branches all over the country with a strong presence in the state of Tamil Nadu with 369 branches,949 automated teller machines, and 255 cash recycler machines as of 31 March 2022. It also has a sizeable presence in other strategic locations like Maharashtra, Gujarat, Karnataka, and Andhra Pradesh.

    Tamilnad Mercantile Bank IPO Strengths

    • Strong legacy of 100 years and loyal customer base.
    • Strong branch network in Tamil Nadu and other strategic locations.
    • Advances to retail, agricultural, and MSMEs.
    • Consistently growing deposit base and proven financial performance record.
    Incorporation Sector IPO Issue Size Website
    1921 Banking ₹831.60 Cr. http://www.tmb.in/

    Tamilnad Mercantile Bank IPO Objective

    TMB aims to raise funds from the IPO for the following objectives;

    1. To augment tier-I capital base for future capital requirements.
    2. To achieve the share listing benefits on the BSE and NSE exchanges.
    3. Meet offer-related issue expenses.

    Request call back from Zerodha

    Tamilnad Mercantile Bank IPO Live Subscription (NSE + BSE)

    The table below is live update of IPO bidding details from NSE and BSE.

    • Qualified Institutional Buyers: 4,752,000 Shares
    • Non-Institutional Investors: 2,376,000 Shares
    • Retail Individual Investor: 1,584,000 Shares
    IPO Bidding Live Updates from BSE + NSE
    Day QIBNIIRIITotal
     # of Shares Offered4,752,000 (54.55%)2,376,000 (27.27%)1,584,000 (18.18%)8,712,000
    15th Sep 2022 17:020.73x0.58x1.53x0.83x
    26th Sep 2022 17:020.98x1.27x3.61x1.53x
    37th Sep 2022 19:021.62x2.94x6.48x2.86x

    Tamilnad Mercantile Bank Financials for past 3 Years

    Past performance and financial results of Tamilnad Mercantile Bank.

    Tamilnad Mercantile Bank financial
    Tamilnad Mercantile Bank IPO Financials (₹ in Cr) 31-Mar-2022 31-Mar-2021 31-Mar-2020
    Total Assets ₹52,858.49 ₹47,527.17 ₹42,758.80
    Total Income ₹4,656.44 ₹4,253.40 ₹3,992.53
    Net Profit/Loss ₹901.90 ₹654.04 ₹464.89

    Company Address

    Tamilnad Mercantile Bank Limited
    No. 57, Victoria Extension Road,
    Thoothukudi ,Tamil Nadu-628 002
    India
    Website: http://www.tmb.in/
    Phone: +91 461 2325136
    Email: [email protected]

    Tamilnad Mercantile Bank IPO Registrar

    Link Intime India Private Ltd
    Link Intime India Private Ltd
    C 101, 247 Park, L.B.S.Marg,
    Vikhroli (West), Mumbai - 400083
    Website: http://www.linkintime.co.in
    Phone: +91-22-4918 6270
    Email: [email protected]

    Tamilnad Mercantile Bank IPO Lead Manager

    1. SBI Capital Markets Limited
    2. Motilal Oswal Investment Advisors Pvt Ltd
    3. Axis Capital Limited
    Tamilnad Mercantile Bank IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Tamilnad Mercantile Bank? Should I apply in Tamilnad Mercantile Bank IPO?

    Last Updated on 2022-09-16T10:23:13+00:00

    Zerodha FAQs

    Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Tamilnad Mercantile Bank IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Tamilnad Mercantile Bank IPO with Zerodha.

    Alternate approch to apply in Tamilnad Mercantile Bank IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

    Tamilnad Mercantile Bank IPO Review and Important Updates

    Other relevant questions :

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    Apply in Tamilnad Mercantile Bank IPO online

    To subscribe or apply in Tamilnad Mercantile Bank IPO, you can use the following methods:

    Tamilnad Mercantile Bank IPO Applying ModeMethodDetails
    Online Application3-in-1 Trading Account

    If your broker is 3-in-1 service provider, you can apply in Tamilnad Mercantile Bank IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

    Online Application2-in-1 Trading Account

    Brokers like Zerodha, TradeSmart Online provides access to applying in Tamilnad Mercantile Bank IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

    Online ApplicationASBA

    This is one of the most popular mode of applying in Tamilnad Mercantile Bank IPO. Most of the Syndicate Banks provide access to apply in Tamilnad Mercantile Bank IPO via ASBA process. You must have your net banking access, DP ID information to apply in Tamilnad Mercantile Bank IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

    Offline ApplicationPhysical Form

    You can apply in Tamilnad Mercantile Bank IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

    Tamilnad Mercantile Bank IPO Review and Important Updates

    Other relevant question on same topics are:

    Where to subscribe Tamilnad Mercantile Bank IPO? Where to apply for Tamilnad Mercantile Bank IPO? How to subscribe Tamilnad Mercantile Bank IPO online? Tamilnad Mercantile Bank IPO where to apply? Where to buy Tamilnad Mercantile Bank IPO online? How to buy Tamilnad Mercantile Bank IPO online? How to purchase Tamilnad Mercantile Bank IPO? How to get Tamilnad Mercantile Bank IPO? How to book Tamilnad Mercantile Bank IPO? How to invest Tamilnad Mercantile Bank IPO? Tamilnad Mercantile Bank IPO kaise buy kare?

     

    Applying in Tamilnad Mercantile Bank IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Tamilnad Mercantile Bank IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

    For more details on how to use UPI payment method to apply Tamilnad Mercantile Bank IPO, please refer article >> Link

    Tamilnad Mercantile Bank IPO Review and Important Updates

    Steps to download the online application form for Tamilnad Mercantile Bank IPO

    • Step1:Click here.
    • Step2: Click on “Bid-cum Application Form Download
    • Step3: Above Step will open an online form.
    • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
    • Step5: Fill bid details - min 28 and max 364 shares (13 lots).
    • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
    • Step7: This will fill your application online and give you a pdf file.
    • Step8: Take a print of this document and go to your bank for UPI transactions.
    • Or

    • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

    Other relevant questions:

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    Tamilnad Mercantile Bank IPO is going to be list on 15-09-2022. NSE Code for Tamilnad Mercantile Bank is TMB. BSE Code for Tamilnad Mercantile Bank is 543596.

    Other relevant questions:

    When Tamilnad Mercantile Bank IPO will be listing? Tamilnad Mercantile Bank IPO NSE listing date?Tamilnad Mercantile Bank IPO date of listing.Tamilnad Mercantile Bank IPO BSE listing date?

     

    Tamilnad Mercantile Bank IPO Allotment Date is 12-09-2022.

    Other relevant questions:

    Tamilnad Mercantile Bank IPO share allotment date?Tamilnad Mercantile Bank IPO allotment date?

     


    User Reviews

    avatar
    5. M Balaji Babu Aug 27 2022 06:02:49 AM Reply
    Tamilnad Mercantile Bank IPO expected listing gain.
    avatar
    4. mallesh  Aug 27 2022 06:02:49 AM Reply
    Please confirm Tamilnad Mercantile Bank IPO GMP (grey market premium) and kostak.
    avatar
    3. hafsa hussain Aug 27 2022 06:02:49 AM Reply
    Tamilnad Mercantile Bank IPO good or bad.
    avatar
    2. PRAHLAD  Aug 27 2022 06:02:49 AM Reply
    Tamilnad Mercantile Bank IPO whether to invest or not.
    avatar
    1. sunil chanana Aug 27 2022 06:02:49 AM Reply
    Tamilnad Mercantile Bank IPO - CRISIL Rating, Apply or not?.