Issue price | Issue size | Face Value | Bid lot | Listing at |
₹ 500 - ₹ 525 | ₹ 792 cr - ₹ 832 cr | ₹ 10/- | 28 Shares | NSE & BSE |
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Issue price | ₹ 500 - ₹ 525 |
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Issue size | ₹ 792 cr - ₹ 832 cr |
Face Value | ₹ 10/- |
Bid lot | 28 Shares |
Listing at | NSE & BSE |
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 |
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Opening Date | Sept 05, 2022 |
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Closing Date | Sept 07, 2022 |
Basis of Allotment | Sept 12, 2022 |
Initiation of Refunds | Sept 13, 2022 |
Credit of shares to Demat | Sept 14, 2022 |
Listing Date | Sept 15, 2022 |
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.
Opportunity to buy stock at the lowest possible price
Probability of making profits on listing is high
Get retail discount of around 10% on some IPOs
You get the opportunity to be a part of the growth story of the issuing company