Tamilnad Mercantile Bank is established in 1921.
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.
Company Strengths
1) Strong legacy, loyal customer base and focus on improving servicing framework
2) Strong presence in Tamil Nadu with focus to increase presence in other strategic regions
3) Advances with focus on MSME, agricultural and retail segments
4) Consistently growing deposit base with focus on low-cost retail CASA
5) Professionally managed Bank with experienced senior management team and board of directors.
6) Strong asset quality, underwriting practices and risk management policies and procedures.
7) Consistent financial performance
Industry Peers
1) City Union Bank Limited
2) CSB Bank Limited
3) DCB Bank Limited
4) Federal Bank Limited
5) Karur Vysya Bank Limited
6) RBL Bank Limited
7) Karnataka Bank Limited
8) South Indian Bank Limited
Tamilnad Mercantile Bank IPO Promotors
Bank does not have identifiable promoters.
Tamilnad Mercantile Bank IPO Date, Details & Price Band
| IPO Opening Dates | 5-September-2022 |
| IPO Closing Dates | 7-September-2022 |
| Price Band | 500-525 ₹ |
| Offer For Sale | NIL |
| Fresh issue | 831.60 Crore |
| Total IPO size | 831.60 Crore |
| Minimum bid (lot size) | 28 Shares |
| Face Value | 10 INR Per Share |
| QIB Allocation | 75% |
| Retail Allocation | 10% |
| Non-Institutional | 15% |
| Listing On | BSE,NSE |
Tamilnad Mercantile Bank IPO Market Lot
The Tamilnad Mercantile Bank IPO minimum market lot is 28 shares With 14,700 ₹ Amount per application.
| Lot | No of Shares | Amount | |
| Minimum | 1 | 28 | 14,700 Rs |
| Maximum | 13 | 364 | 1,91,100 Rs |
Restated Financial Record of the three year (Amt. in Crore)
| Total Assets | Total Revenue | Profit After Tax | Earnings per equity share | |
| 31-Mar-22 | 52858.49 | 4656.44 | 901.9 | 57.67 |
| 31-Mar-21 | 47527.17 | 4253.4 | 654.04 | 42.34 |
| 31-Mar-20 | 42758.8 | 3992.53 | 464.89 | 28.61 |
Tamilnad Mercantile Bank IPO GMP & Grey Market Premium
Tamilnad Mercantile Bank IPO GMP Grey market premium has been started today. Check Latest Tamilnad Mercantile Bank IPO GMP, Kostak Rates and Subject to Sauda Price here.
Tamilnad Mercantile Bank IPO Form Download
Tamilnad Mercantile Bank IPO form available on NSE, BSE Website as well as on our Portal. Please click here to Download Tamilnad Mercantile Bank IPO forms.
Tamilnad Mercantile Bank IPO Prospectus
| DRHP | Download |
Tamilnad Mercantile Bank IPO Reviews
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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 |
Registrar of Tamilnad Mercantile Bank IPO
Link Intime India Private Limited
C 101, 247 ParkL.B.S. Marg,
Vikhroli (West), Mumbai 400 083,
Maharashtra
Tel: +91 22 4918 6200
E-mail: [email protected]
Website: www.linkintime.co.in
Contact person: Shanti Gopalkrishnan
SEBI registration number: INR00000405
Tamilnad Mercantile Bank Contact Details
Tamilnad Mercantile Bank Limited
No. 57, Victoria Extension Road,
Thoothukudi – 628 002,
Tamil Nadu, India;
Phone: +91 461 2325136
Email: [email protected]
Website: www.tmb.in
Tamilnad Mercantile Bank IPO Lead Managers
Axis Capital Limited
SBI Capital Markets Limited
Motilal Oswal Investment Advisors Limited