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Tamilnad Mercantile Bank Ltd.

Tamilnad Mercantile Bank

Tamilnad Mercantile Bank Ltd.

₹14,000 /28 shares Minimum Investment

IPO Listing Details

Issue price Issue size Face Value Bid lot Listing at
₹ 500 - ₹ 525 ₹ 792 cr - ₹ 832 cr ₹ 10/- 28 Shares NSE & BSE
Issue price₹ 500 - ₹ 525
Issue size₹ 792 cr - ₹ 832 cr
Face Value₹ 10/-
Bid lot28 Shares
Listing atNSE & BSE

IPO Time Table

Opening Date Closing Date Basis of Allotment Initiation of Refunds Credit of shares to Demat Listing Date
Sept 05, 2022 Sept 07, 2022 Sept 12, 2022 Sept 13, 2022 Sept 14, 2022 Sept 15, 2022
Opening DateSept 05, 2022
Closing DateSept 07, 2022
Basis of AllotmentSept 12, 2022
Initiation of RefundsSept 13, 2022
Credit of shares to DematSept 14, 2022
Listing DateSept 15, 2022

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About Tamilnad Mercantile Bank

Tamilnad Mercantile Bank Limited is one of the oldest and leading old private sector banks in India with a history of almost 100 years. It offers a wide range of banking and financial services primarily to micro, small and medium enterprises, agricultural, and retail customers. The bank has 509 branches, of which 106 branches are in rural, 247 in semi-urban, 80 in urban, and 76 in metropolitan cities. Other than Tamil Nadu, the bank has a presence in 15 states and union territories. The customer base as of March 31, 2022, was approximately 5.08 million.

Should you invest in Tamilnad Mercantile Bank Ltd. IPO? | TMB IPO review

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Opportunity to buy stock at the lowest possible price

Probability of making profits on listing is high

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