Tamilnad Mercantile Bank IPO Subscription Status [ Final ]

The Tamilnad Mercantile Bank IPO has begun on 05 Sep 2022. It will close on 07 Sep 2022. The Total IPO Size is 831.60 Crore. The company set its IPO price is 525 Rs Per Share. Basically, there are two basic categories in EP Biocomposites IPO Subscription 1) Non-Institutional Investors 2) 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”).

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Can we Subscribe Tamilnad Mercantile Bank IPO?

In our view, No.

Latest News Update: Tamilnad Mercantile Bank IPO Subscription Status Live
  • Tamilnad Mercantile Bank IPO subscribed 2.86 times, retail portion booked 6.48 times on day 3 day.
  • The QIB 1.62 and NII 2.94 times Subscribed on day 3.

Tamilnad Mercantile Bank IPO Subscription Status( 07 Sep 2022 )

Day 1 (times) Day 2 (times) Day 3 (times)
QIB 0.73 0.98 1.62
NII 0.58 1.27 2.94
Retail 1.53 3.61 6.48
Total 0.83 1.53 2.86

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