The Tamilnad Mercantile Bank IPO has begun on 5 September 2022. It will close on 7 September 2022. The Total IPO Size is 831.60 Crore. The company set its IPO price is 500-525 Rs Per Share. Basically, there are three basic categories in Tamilnad Mercantile BankIPO Subscription 1) Qualified Institutional Buyers 2) Non-Institutional Investors 3) Retail Individual Investors (RIIs).
Tamilnad Mercantile Bank is one of the oldest and leading old private sector banks in India with a history of almost 100 years. They offer a wide range of banking and financial services primarily to micro, small and medium enterprises (“MSME”), agricultural and retail customers (“RAM”).
Tamilnad Mercantile Bank IPO Allotment Date & Details
| Allotment Date | 12 Sep 2022 |
| Initiation of refunds | 13 Sep 2022 |
| Transfer of shares to Demat accounts | 14 Sep 2022 |
| Listing Date | 15 Sep 2022 |
| Check Allotment Status | Click here |