Check Tamilnad Mercantile Bank IPO GMP Grey market premium, Kostak rate, and Subject to Soda as of today.
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”).
As of June 30, 2021, They have 509 branches, of which 106 branches are rural, 247 in semi-urban, 80 in urban and 76 in metropolitan centers. Their overall customer base is approximately 4.93 million as of June 30, 2021 and 3.45 million or 69.96% of customers have been associated with them for a period of more than five years and have contributed to ₹ 275,619 million or 67.02% to their deposits and ₹ 179,638.99 million or 57.56% to our advances portfolios as of June 2021.
Can we Subscribe Tamilnad Mercantile Bank IPO?
May be
Check Latest Tamilnad Mercantile Bank IPO GMP, Kostak Rates and Subject to Sauda Price here.
What is Tamilnad Mercantile Bank IPO GMP Today?
The Tamilnad Mercantile BankIPO GMP Grey market premium is 10 Rs.
What is Tamilnad Mercantile Bank IPO Kostak Rates Today?
The Tamilnad Mercantile BankIPO kostak rate is 500 Rs.
What is Tamilnad Mercantile Bank IPO Subject to Sauda Price Today?
The Tamilnad Mercantile BankIPO subject to sauda rates is 750 Rs.
Tamilnad Mercantile Bank IPO Expected Returns?
The Tamilnad Mercantile BankIPO expected return is 1.90%.
Tamilnad Mercantile BankIPO GMP Rates day by day.
| Date | GMP |
| 14 Sep | 10 Rs |
| 13 Sep | 10 Rs |
| 12 Sep | 10 Rs |
| 7 Sep | 8 Rs |
| 6 Sep | 15 Rs |
| 6 Sep | 15 Rs |
| 5 Sep | 30 Rs |
| 4 Sep | 8 Rs |
| 3 Sep | 10-12 Rs |
| 2 Sep | 35 Rs |
| 1 Sep | 0 Rs |
| 31 Aug | 22 Rs |
| 30 Aug | 0 Rs |
| 29 Aug | 0 Rs |
| 27 Aug | 0 Rs |
Tamilnad Mercantile Bank IPO GMP FAQ Question
- What is Tamilnad Mercantile BankIPO GMP Today?
The Tamilnad Mercantile Bank IPO GMP Grey market premium is 10 Rs.
- What is Tamilnad Mercantile BankIPO Kostak Rate Price Today?
The Tamilnad Mercantile BankIPO kostak rate is 500 Rs.
- What is Tamilnad Mercantile BankIPO Subject to Sauda Price Today?
The Tamilnad Mercantile BankIPO subject to sauda rates is 750 Rs.
- Tamilnad Mercantile BankIPO Expected Returns?
The Tamilnad Mercantile BankIPO expected return is 1.90%.
