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 Date | 12 September 2022 |
| Tamilnad Mercantile Bank IPO Listing Date | 15 September 2022 Advertisement
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| Tamilnad Mercantile Bank IPO Basis of Retail Allotment | 1 out of 6 |
Tamilnad Mercantile Bank IPO Allotment Here:
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https://linkintime.co.in/MIPO/IPO.aspx
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