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Tamilnad Mercantile Bank IPO Subscription Data (Live)

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Incorporated in 1921, 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.

As of March 31, 2022, the bank has a strong branch network of 509 branches and a total customer base of 5.08 million. TMB has a significant market presence in the state of Tamil Nadu with 369 branches and is also present in 15 other states and 4 union territories of India.

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Tamilnad Mercantile Bank IPO Subscription Status Live

Last Data Updated on 7th September 2022, 5:00 PM (Refresh Page)

CategoryDay 1Day 2Day 3
QIB0.730.981.62
NII 0.581.272.94
Retail1.533.616.48
Total0.831.532.86

Tamilnad Mercantile Bank IPO Dates & Price Band :

 IPO Open:Sep 5, 2022
 IPO Close:Sep 7, 2022
 IPO Size:₹792.00 – 831.60 Cr
 Price Band:₹500 to ₹525 per share
 Listing on:BSE & NSE
 Retail Portion:Not more than 15% of the Net Offer
 Equity:28 Equity Shares
Face Value:₹10 Per Equity Share

Tamilnad Mercantile Bank IPO Market Lot:

  • Shares: 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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