Tamilnad Mercantile Bank Limited IPO
BSE, NSEClosed
Sep 5, 2022Open Date
Sep 7, 2022Close Date
TBAAllotment Date
Sep 15, 2022Listing Date
Subscription Details
View Subscription DetailsRetail6.47x
QIB1.62x
NIIs (Non-Institutional Investors)Main Category
2.94x↳ NII Sub-Categories
bHNI (> ₹10L)
Bids above ₹10L
sHNI (< ₹10L)
Bids ₹2L to ₹10L
Overall Subscription
Total Bids Received
2.86x
Updated: 10 Jul, 06:09 pm
Tamilnad Mercantile Bank Limited IPO Issue Details
Issue Price₹500-525 Per Equity Share
Face Value₹10 Per Equity Share
Listing AtBSE, NSE
Listing DateSep 15, 2022
Company Information
Incorporated in 1921, Tamilnad Mercantile Bank (TMB) is one of the oldest private sector banks in India. It offers an array of banking and financial services to retail customers, micro, small, and med...
Valuations
RoNW
15.40%
Financial Information (₹ in Crores)
| Metric | FY 22 | FY 21 | FY 20 |
|---|---|---|---|
| Total Assets | 52858.49 | 47527.17 | 42758.8 |
| Total Revenue | 4656.44 | 4253.4 | 3992.53 |
| Profit After Tax | 901.9 | 654.04 | 464.89 |
| Net Worth |
* All figures are in ₹ Crores unless otherwise stated.
Objectives of the Issue
- 1To augment tier-I capital base to meet future capital requirements.
- 2Meet offer issue expenses.
- 3To receive the benefits of listing the shares on the stock exchanges.
Tamilnad Mercantile Bank Limited – Promoter(s)
TMB is a professionally managed bank
does not have an identifiable promoters.
Contact Details
Frequently Asked Questions — Tamilnad Mercantile Bank Limited IPO
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