Check out Tamilnad Mercantile Bank IPO GMP aka IPO Grey Market Premium, Kostak rates, and Subject to Sauda rates as of today. Tamilnad Bank IPO GMP looks weak as the demand is less. Stay tuned for the latest IPO GMP numbers of TMB IPO.
Tamilnad Mercantile Bank IPO is to open on September 05, 2022. The company is to raise ₹831.60 crores via IPO which comprises a fresh issue of ₹831.60 crores and an offer for sale of up to [.] equity shares from promoters. Tamilnad Mercantile Bank (TMB) is a private bank and one of the oldest banks in the private sectors banks in India. TMB was incorporated in 1921 and headquartered in Thoothukudi, Tamil Nadu, India. The bank has a long-term track record with over 100 years of working history. The company reported revenue of ₹4,656 crores in 2022 against revenues of ₹4,253 crores in 2021. The IPO price band is fixed at ₹500 to ₹525 Per Equity Share. The Tamilnad Mercantile Bank IPO to list on NSE and BSE.
What is Tamilnad Mercantile Bank IPO GMP Today?
The Tamilnad Mercantile Bank IPO GMP aka grey market premium is ₹15.
What is Tamilnad Mercantile Bank IPO Kostak Rates Today?
The Tamilnad Mercantile Bank IPO kostak rate is ₹-.
What is Tamilnad Mercantile Bank IPO Subject to Sauda Price Today?
The Tamilnad Mercantile Bank IPO subject to sauda rates is ₹-.
Tamilnad Mercantile Bank IPO Expected Returns?
The Tamilnad Mercantile Bank expected return is 5%.
Tamilnad Mercantile Bank IPO GMP Live Rates day by day with Kotak rates.
| Date | GMP | Kostak | Subject to |
| 15 September | ₹15 | ₹- | ₹- |
| 14 September | ₹15 | ₹- | ₹- |
| 13 September | ₹15 | ₹- | ₹- |
| 12 September | ₹15 | ₹- | ₹- |
| 9 September | ₹5 | ₹- | ₹- |
| 8 September | ₹5 | ₹- | ₹- |
| 7 September | ₹15 | ₹500 | ₹2500 |
| 6 September | ₹15 | ₹500 | ₹2500 |
| 5 September | ₹35 | ₹500 | ₹2500 |
| 2 September | ₹35 | ₹500 | ₹5000 |
| 1 September | ₹- | ₹- | ₹500 |
| 31 August | ₹- | ₹- | ₹- |
| 30 August | ₹- | ₹- | ₹- |
| 29 August | ₹- | ₹- | ₹- |
| 26 August | ₹- | ₹- | ₹- |
Tamilnad Mercantile Bank IPO Details
| Tamilnad Mercantile Bank IPO Open: | September 5, 2022 |
| Tamilnad Mercantile Bank IPO Close: | 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 |
| Tamilnad Mercantile Bank IPO Listing on: | BSE & NSE |
| Retail Quota: | 10% |
| QIB Quota: | 75% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Tamilnad Mercantile Bank IPO Market Lot
The Tamilnad Mercantile Bank IPO minimum market lot is 28 shares with ₹14,700 application amount. The retail investors can apply up-to 13 lots with 364 shares or ₹191,100 amount.
| 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 Dates
The Tamilnad Mercantile Bank IPO date is September 5 and the close date is September 7. The Tamilnad Mercantile Bank IPO allotment will be finalized on September 23 and the IPO listing on September 26.
| Price Band Announcement: | September 1, 2022 |
| Anchor Investors Allotment: | September 2, 2022 |
| Tamilnad Mercantile Bank IPO Open Date: | September 5, 2022 |
| Tamilnad Mercantile Bank IPO Close Date: | September 7, 2022 |
| Basis of Allotment: | September 12, 2022 |
| Refunds: | September 13, 2022 |
| Credit to Demat Account: | September 14, 2022 |
| Tamilnad Mercantile Bank IPO Listing Date: | September 15, 2022 |
Tamilnad Mercantile Bank IPO GMP aka Grey Market Premium FAQs:
What is Tamilnad Mercantile Bank IPO GMP Today?
What is Tamilnad Mercantile Bank IPO Kostak Rate Today?
What is Tamilnad Mercantile Bank IPO Subject to Sauda Today?
What is Tamilnad Mercantile Bank IPO Expected Returns?
- IPO Grey Market Premium (Tamilnad Mercantile Bank IPO GMP) mention is valid for the specific date as mentioned in the header.
- We are not buying and selling IPO forms on IPO Grey Market.
- Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
- Do not subscribe for IPO by just seeing the premium Price as it may change anytime before listing. Subscribe only considering the fundamentals of the companies.
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