📅Offer Date: 05 Sept 2022 – 07 Sept 2022
Data sourced from BSE & NSE · Last updated
Tamilnad Mercantile Bank Limited IPO was subscribed 2.86x in total when bidding closed on 07 Sept 2022, with 1.62x in the QIB category, 2.94x in NII, 6.47x in retail. The issue ran from 05 Sept 2022 to 07 Sept 2022 at a price band of ₹500.00–₹525.00 per share.
Times subscribed by category against the 1× line.
Based on retail subscription (6.47x). Final allotment decided by registrar's computerised lottery.
| Category | Offer | Applied | Times |
|---|---|---|---|
| QIBs | 47,52,000 | 76,98,240 | 1.62x |
| NIIs | 23,76,000 | 69,85,440 | 2.94x |
| SNIIs (<10L) | 7,92,000 | 20,75,040 | 2.62x |
| BNIIs (>10L) | 15,84,000 | 49,10,400 | 3.10x |
| Retail | 15,84,000 | 1,02,48,480 | 6.47x |
| Total | 87,12,000 | 2,49,16,320 | 2.86x |
| Category | Offered | Demand | Times |
|---|---|---|---|
| QIBs | 249.48 | 404.16 | 1.62x |
| NIIs | 124.74 | 366.74 | 2.94x |
| Retail | 83.16 | 538.05 | 6.47x |
| Total | 457.38 | 1308.94 | 2.86x |
Values derived from share count × issue price (₹525.00)
Because Tamilnad Mercantile Bank Limited closed oversubscribed, allotment follows the applicable category and exchange rules. A high subscription figure reflects strong demand but does not guarantee a premium listing, and a low figure does not guarantee a discount. This page is for information only and is not investment advice.
BSE, NSE listed · Bidding data sourced from BSE & NSE under SEBI ICDR regulations.