Tamilnad Mercantile Bank IPO Date, GMP, Review, Price, Form & Market Lot Details

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

Tamilnad Mercantile Bank IPO
DRHP Download
RHP 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

Tamilnad Mercantile Bank IPO FAQ

What is Tamilnad Mercantile Bank IPO?

Tamilnad Mercantile Bank IPO is a Mainline IPO. They are going to raise 831.60 Crores via IPO. The issue is priced at 500-525 per equity share. The IPO is to be listed on NSE,BSE.

What is price band of Tamilnad Mercantile Bank IPO?

Tamilnad Mercantile Bank IPO price band is 500-525 Rs Per share.

What is Tamilnad Mercantile Bank IPO Size?

Tamilnad Mercantile Bank IPO size is 831.60 crore.

When is Tamilnad Mercantile Bank IPO will open?

Tamilnad Mercantile Bank IPO will open on 5 Sep and end on 7 Sep 2022.

What is Tamilnad Mercantile Bank IPO GMP Grey market premium?

Tamilnad Mercantile Bank IPO GMP Grey market premium has been started not yet.

What is Tamilnad Mercantile Bank IPO allotment date?

Tamilnad Mercantile Bank IPO allotment date is 12 September 2022.

What is Tamilnad Mercantile Bank IPO listing date?

Tamilnad Mercantile Bank IPO listing date is 15 September 2022.

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