Tamilnad Mercantile Bank Limited
₹14,700(28 Shares)
Minimum Investment
IPO Dates
Sep 5, 2022 – Sep 7, 2022
Price Band
₹500–525 per equity share
Lot Size
28
Listing
Sep 15, 2022
Listing At
BSE, NSE
Tamilnad Mercantile Bank Limited Live Subscription Details
All IPOsAll Live IPOsNII Sub-Categories
bHNI (> ₹10L)
Bids above ₹10L
sHNI (< ₹10L)
Bids ₹2L to ₹10L
Overall Subscription
Total Bids Received
2.86x
Tamilnad Mercantile Bank Limited IPO Issue Details
- Issue Price
- ₹500-525 Per Equity Share
- Face Value
- ₹10 Per Equity Share
- Listing At
- BSE, NSE
- Listing Date
- Sep 15, 2022
Market Lot Details
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)
* 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)
Contact Details
Tamilnad Mercantile Bank Limited IPO Documents
Frequently Asked Questions — Tamilnad Mercantile Bank Limited IPO
The Tamilnad Mercantile Bank Limited IPO price band is set at ₹500.00 to ₹525.00 per equity share.
The lot size for Tamilnad Mercantile Bank Limited IPO is 28 shares per lot. The minimum investment amount is approximately ₹14,700.
The Tamilnad Mercantile Bank Limited IPO opens on Sep 5, 2022 and closes on Sep 7, 2022.
Tamilnad Mercantile Bank Limited IPO is expected to be listed on Sep 15, 2022 on BSE, NSE.
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