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Tamilnad Mercantil Bank Limited Ipo, GMP, Price, Date, Review 2022

Tamilnad Mercantile Bank Limited IPO Details - Tamilnad Mercantile bank IPO price and dates are fixed. The opening date of Tamilnad IPO is 05 Sep 2022 and the closing date is 07 Sep 2022. The company is going to raise ₹831 Cr through IPO and the issue type is Book built Issue type. The Face Value of Tamilnad IPO is Rs 10/share. The reservation sequence is QIB=75%, NII=15 %, and RII= 10%.

About Tamilnad Mercantile Bank Limited

  • Tamilnad Mercantile Bank Limited is India's Oldest Pvt bank. 
  • Established in 1921, under the name of Tamilnad Mercantile Bank (TMB).
  • Tamilnad Mercantile Bank builds strong branch networks of 509 branches.

Tamilnad Mercantile Bank Limited IPO Review

For Long Term:- Not Recommended

For Listing Gain:- Check GMP before applying

Tamilnad Mercantile Bank Limited IPO GMP Today

Tamilnad Mercantile Bank IPO GMP is Rs05.

Date GMP Subject Rate
07 Sep 2022 ₹05 ₹500

Also Read: Income Tax in Stock Market 2022

Tamilnad Mercantile Bank Limited Financial Report ₹(in cr)

Year Revenue PAT Assets
Mar 20 3992.5 464.8 42758.8
Mar 21 4253.4 654 47527.17
Mar 22 4656.4 901.9 52858.4

Tamilnad Mercantile Bank Limited IPO Date & Details

It is a Fixed issue type IPO with an IPO Size of ₹831.60 cr and it will list on BSE as well as on NSE.

IPO Open Date 05 Sep 2022
IPO Close Date 07 Sep 2022
Lot Size 28 Shares
Issue Size ₹831.60 cr ( 15,840,000 Shares)
Issue Type Book Building
Fresh Issue ₹cr (15,840,000Shares)
Offer For sale ₹cr ( shares)
Face Value ₹10/Equity Share
Price Band ₹500 - 525/Share
List On BSE & NSE
DRHP Click Here
GMP Click Here
Tamilnad Mercantile Bank IPO Details

Objective

The main objective of Tamilnad Mercantile Bank Limited is to raise funds are:

  • To Meet Offer Expenses
  • To get Stock exchange listing benefits.
  • Working Capital Requirement

Tamilnad Mercantile bank Limited IPO Market Lot Size

In Tamilnad Mercantile bank issuing 15,840,000 shares of 831.60Cr out of which a Retail Individual investor can apply for a maximum of 13 lots in which they get 364 shares and the payable amount is Rs 191,100.

Minimum Lot Size 1 Lot, 28 Shares
Minimum Amount ₹14,700
Maximum Lot Size 13 Lot, 364 Shares
Maximum Amount ₹191,100

Click Here to Check Upcoming IPO of 2022

IPO Time Table

Tamilnad Mercantile Bank IPO Open date is 05 Sep 2022 and the closing date is 07 Sep 2022. The Allotment date is 12 Sep 2022 and the Listing Date is 15 Sep 2022.

Tamilnad Mercantile bank IPO Open Date 05 Sep 2022
Tamilnad Mercantile Bank IPO Close Date 07 Sep 2022
Allotment Date 07 Sep 2022
Refund Date 13 Sep 2022
Credit to Demat Account 14 Sep 2022
Tamilnad Mercantile bank Listing Date 15 Sep 2022

Tamilnad Mercantile Bank Limited Company Promoters

Professionally managed bank (No Promoters)

Tamilnad Mercantile Bank Ltd Peer's

  • CSB Bank
  • City Union Bank
  • Federal Bank
  • DCB Bank
  • Karur Vysya Bank
  • RBL Bank
  • south Indian Bank
  • Karnataka Bank

Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Email: tmb.ipo@linkintime.co.in

Website: https://linkintime.co.in/

Address

Tamilnad Mercantile Bank Limited

No. 57, Victoria Extension Road

Thoothukudi – 628 002,

Phone: +91 461 2325136

Email: secretarial@tmbank.in

Website: http://www.tmb.in/

Tamilnad Mercantile Bank Limited FAQ

What is Tamilnad IPO Price?

The Price of Tamilnad IPO - cutoff price is ₹525 per share.

What is Tamilnad Mercantile bank's IPO Date?

The Tamilnad IPO opens on 05 Sep 2022 and closes on 07 Sep 2022.

What is Tamilnad Mercantile bank IPO issue size?

The IPO Size of Tamilnad IPO is ₹ 831.60cr and issuing 15,840,000Eq Shares.

What is Tamilnad Mercantile bank IPO allotment Date?

The Allotment date of Tamilnad IPO is 12 Sep 2022.

What is Tamilnad Mercantile bank Ltd's Listing Date?

The listing date of Tamilnad IPO is 15 Sep 2022 and the IPO will list on NSE and BSE.

How to Apply Tamilnad Mercantile bank IPO through Zerodha?

1. Log in to the Zerodha Kite application on your mobile.
2. Go to Portfolio and Click on IPO.
3. You will see the IPO Name “Tamilnad ”. Click on Bid Button.
4. Enter your UPI ID, Quantity, and Price.
5. Submit IPO Application Form.
6. Now go to your UPI App on Net Banking or BHIM App to Approve the payment process.

How to Apply Tamilnad Mercantile bank IPO through Upstox App?

1. Log in to the Upstox application on your mobile.
2. Go to Portfolio and Click on IPO.
3. You will see the IPO Name “Tamilnad ”. Click on Bid Button.
5. Enter your UPI ID, Quantity, and Price.
6. Submit IPO Application Form.
7. Now go to your UPI App on Net Banking or BHIM App to Approve the payment process.

How to Apply Tamilnad Mercantile bank IPO through Groww App?

1. Log in to the Groww application on your mobile.
2. Now you can see IPOs and Click on IPO.
3. You will see the IPO Name “Tamilnad”.
4. Click on Bid Button.
5. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form.
6. Now go to your UPI App on Net Banking or BHIM App to approve the payment process.

How to Apply Tamilnad Mercantile bank IPO through Paytm Money App?

1. Log in to the Paytm Money application on your mobile.
2. Now you can see Invest is IPOs Section and Click on IPO.
3. You will see the IPO Name “Tamilnad Mercantile bank”.
4. Click on Bid Button.
5. Enter your UPI ID, Quantity, and Price.
6. Submit IPO Application Form.
7. Now go to your UPI App on Net Banking or BHIM App to Approve the payment process.

Conclusion:- I hope this article is helpful for you if you have any queries regarding IPO and upcoming IPO you can comment down below.

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