Tamilnad Mercantile Bank IPO Date, Review, Price, Allotment & Analysis

Tamilnad Mercantile Bank IPO date is mounted, the IPO is to open on September 5 and can shut on September 7. Tamilnad Mercantile Bank (TMB) IPO to boost round ₹[.] crores by way of IPO that contains contemporary situation of ₹[.] crores and supply on the market as much as [.] of ₹10 every. The retail quota is 10%, QIB is 75%, and HNI is 15%.

Tamilnad Mercantile Bank (TMB) is a personal financial institution and one of many oldest banks within the non-public sectors banks in India. TMB was integrated in 1921 and headquartered in Thoothukudi, Tamil Nadu, India. The financial institution has a long-term monitor document with over 100 years of working historical past.

The financial institution choices banking and monetary companies to its prospects are retailers, micro-enterprises, small and medium enterprises, MSMEs, and extra. They have a powerful community of branches of over 500 and a buyer base of over 5 million as of March 2022. They have over 350 branches in Tamil Nadu state and have a presence in 15 states and 4 union territories. You can test Tamilnad Mercantile Bank IPO subscription standing and Tamilnad Mercantile Bank IPO allotment standing on their respective pages.

Objects of the Issue:

• To increase tier-I capital base to fulfill future capital necessities.
• Meet supply situation bills.
• To obtain the advantages of itemizing the shares on the inventory exchanges.

Tamilnad Mercantile Bank IPO Review (Good or Bad)

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Tamilnad Mercantile Bank IPO Form

How to use for the Tamilnad Mercantile Bank IPO? You can apply for Tamilnad Mercantile Bank IPO by way of ASBA obtainable in your checking account. Just go to the web financial institution login and apply by way of your checking account by deciding on the Tamilnad Mercantile Bank IPO within the Invest part. The different choice is you may apply for Tamilnad Mercantile Bank IPO by way of IPO kinds downloaded by way of NSE and BSE. Check out the Tamilnad Mercantile Bank kinds – Click BSE Forms & NSE Forms clean IPO kinds obtain, fill, and submit in your financial institution or along with your dealer.

Peer Group

• City Union Bank Limited
• CSB Bank Limited
• DCB Bank Limited
• Federal Bank Limited
• Karur Vysya Bank Limited
• Karnataka Bank Limited
• RBL Bank Limited

Company Promoters

• TMB is a professionally managed financial institution and doesn’t have an identifiable promoters.

Tamilnad Mercantile Bank IPO Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/

Tamilnad Mercantile Bank IPO Allotment Status Check

Check Tamilnad Mercantile Bank IPO allotment standing on Linkintime web site allotment URL. Click Here

Tamilnad Mercantile Bank IPO Lead Managers

• Axis Capital Limited
• Motilal Oswal Investment Advisors Pvt Ltd
• SBI Capital Markets Limited

Company Address

Tamilnad Mercantile Bank Limited
No. 57, Victoria Extension Road
Thoothukudi – 628 002,
Phone: +91 461 2325136
Email: [email protected]
Website: http://www.tmb.in/

Tamilnad Mercantile Bank IPO FAQs

Note: The Tamilnad Mercantile Bank IPO worth band and date are formally introduced. The IPO gray market premium (Tamilnad Mercantile Bank IPO Premium) might be added to the IPO gray market web page as it can begin).