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Tamilnad Mercantile Bank IPO Allotment Status Online, Date & Details

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Copy of Harsha Engineers IPO GREY MARKET PREMIUM 26
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Tamilnad Mercantile Bank (TMB) is one of the oldest private sector banks in India. It offers an array of banking and financial services to retail customers, micro, small, and medium enterprises (MSMEs), and more. TMB has a strong portfolio of advances and deposits from a diversified customer base including retail customers, agricultural customers, and MSMEs. 

TMB IPO will start on date 5th September 2022 and will close on 7th September 2022 with an IPO Size of ₹831.60 Crores and a price band of ₹500 – ₹525 Per Share. Tamilnad Mercantile Bank IPO will be listed on BSE and NSE.

Tamilnad Mercantile Bank IPO Allotment Date12 September 2022
Tamilnad Mercantile Bank IPO Listing Date15 September 2022
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Tamilnad Mercantile Bank IPO Basis of Retail Allotment1 out of 6

Tamilnad Mercantile Bank IPO Allotment Here:

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Must Read:
Tamilnad Mercantile Bank IPO Grey Market Price
Tamilnad Mercantile Bank IPO Subscription Status
Tamilnad Mercantile Bank IPO Dates and Review

Tamilnad Mercantile Bank IPO Date & Price Band :

 IPO Open:Sep 5, 2022
 IPO Close:Sep 7, 2022
 IPO Size:₹831.60 Crores
 Price Band:₹500 to ₹525 per share
 Listing on:BSE & NSE
 Retail Portion:Not more than 10% of the Net Offer
 Equity:15,840,000 shares
Face Value:₹10 per share

Tamilnad Mercantile Bank IPO Market Lot:

  • Shares:  Minimum 28 shares
  • Minimum Amount:  ₹14,700
  • Maximum Amount:  ₹191,100

Tamilnad Mercantile Bank IPO Allotment & Listing:

  • Basis of Allotment: Sep 12, 2022
  • Refunds: Sep 13, 2022
  • Credit to Demat accounts: Sep 14, 2022
  • Listing: Sep 15, 2022

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