Tamilnad Mercantile Bank IPO subscription standing will begin on Monday, September 5, 2022 and can shut on September 7, 2022. Tamilnad Mercantile Bank (TMB) is a personal financial institution and one of many oldest banks within the personal sectors banks in India. TMB was included in 1921 and headquartered in Thoothukudi, Tamil Nadu, India. The financial institution has a long-term observe report with over 100 years of working historical past. The firm reported revenues of ₹4,656 crores in 2022 in opposition to revenues of ₹4,253 crores in 2021. The firm’s monetary report appears robust and revenue can be look robust. Please test the Tamilnad Mercantile Bank IPO subscription standing particulars over right here.
IPOWatch View:
We advocate traders could apply an IPO with long-term view. Investors also needs to take a look at the Retail and HNI numbers earlier than investing. You can test the Tamilnad Mercantile Bank IPO allotment standing right here.
Tamilnad Mercantile Bank IPO Subscription Status (Live Update – Day 1)
Last Updated – 9:00
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.00 | – | – |
| NII | 0.00 | – | – |
| RII | 0.00 | – | – |
| Total | 0.00 | – | – |
Tamilnad Mercantile Bank IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, and so forth
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Tamilnad Mercantile Bank IPO Review (Good or Bad)
Brokerage Firm IPO Review
- Ajcon Global: Apply
- Capital Market: Neutral
- Axis Bank: Not Rated
- KR Choksey: Neutral
- Canara Bank: May Apply
- ICICI Direct: May Apply
- Jainam Broking: May Apply
- Nirmal Bang: May Apply
- Religare Broking: May Apply
Tamilnad Mercantile Bank IPO Date & Price Band Details
| Â Tamilnad Mercantile Bank IPO Open: | Â September 5, 2022 |
| Â Tamilnad Mercantile Bank IPO Close: | Â September 7, 2022 |
|  Tamilnad Mercantile Bank IPO Size: |  Approx ₹831.60 Crores |
|  Fresh Issue: |  Approx ₹831.60 Crores |
|  Offer for Sale: |  Approx [.] Equity Shares |
|  Face Value: |  ₹10 Per Equity Share |
|  Tamilnad Mercantile Bank IPO Price Band: |  ₹500 to ₹525 Per Share |
| Â Tamilnad Mercantile Bank IPO Listing on: | Â BSE & NSE |
| Â Retail Quota: | Â 10% |
| Â QIB Quota: | Â 75% |
| Â NII Quota: | Â 15% |
| Â Discount: | Â N/A |
| Â DRHP Draft Prospectus: | Â Click Here |
| Â RHP Draft Prospectus: | Â Click Here |
| Â Anchor Investors List: | Â Click Here |
Tamilnad Mercantile Bank IPO Market Lot
The Tamilnad Mercantile Bank IPO minimal market lot is 28 shares with ₹14,700 utility quantity. The retail traders can apply up-to 13 tons with 364 shares or ₹191,100 quantity.
|  Minimum Lot Size: |  Minimum 28 Shares for 1 lot |
|  Minimum Amount: |  ₹14,700 for 1 lot |
|  Maximum Lot Size: |  Maximum 364 Shares for 13 lot |
|  Maximum Amount: |  ₹191,100 for 13 lot |
Tamilnad Mercantile Bank IPO Subscription Dates
The Tamilnad Mercantile Bank IPO date is September 5 and the shut date is September 7. The Tamilnad Mercantile Bank IPO allotment can be finalized on September 23 and the IPO itemizing on September 26.
| Â Price Band Announcement: | Â September 1, 2022 |
| Â Anchor Investors Allotment: | Â September 2, 2022 |
| Â Tamilnad Mercantile Bank IPO Open Date: | Â September 5, 2022 |
| Â Tamilnad Mercantile Bank IPO Close Date: | Â September 7, 2022 |
| Â Basis of Allotment: | Â September 12, 2022 |
| Â Refunds: | Â September 13, 2022 |
| Â Credit to Demat Account: | Â September 14, 2022 |
| Â Tamilnad Mercantile Bank IPO Listing Date: | Â September 15, 2022 |
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 out there in your checking account. Just go to the net financial institution login and apply by way of your checking account by choosing the Tamilnad Mercantile Bank IPO within the Invest part. The different possibility 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 together with your dealer.
Tamilnad Mercantile Bank IPO Subscription Status FAQs:
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