Tamilnad Mercantile Bank IPO listing date is fixed, The IPO is to list on September 15, Thursday at 10:00 AM. The IPO was subscribed 2.86x times comprises of Qualified Institutional Buyer (QIB) 1.62x, Non-institutional Bidders (NII) 2.94x, and Retail (RII) 6.48x. The stock will list in B Group. As per the market speculations the stock might list in between the ₹525 to ₹550 range against the IPO price of ₹510 at a premium around ₹15 to ₹20.
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. Check out the Tamilnad Mercantile Bank IPO listing details as given below:
IPO Listing Update: Tamilnad Mercantile Bank share price listed at 3% discount on NSE while flat listing on BSE. The TMB stock price listed at ₹495 on NSE and ₹510 on BSE respectively. Happy Investing!
Tamilnad Mercantile Bank Share Price Live Quote
| Details | BSE Listing | NSE Listing |
| IPO Price | ₹510.00 | ₹510.00 |
| List Price | ₹510.00 | ₹495.00 |
| High Price | ₹519.00 | ₹515.00 |
| Low Price | ₹484.50 | ₹481.00 |
| Close Price | ₹508.45 | ₹509.65 |
| Volume | 224,108 | 2,143,945 |
Tamilnad Mercantile Bank IPO Listing Details
BSE Notice of Listing: Notice
| BSE Code | 543596 |
| NSE Code | TMB |
| Group | B Group |
| ISIN No | INE668A01016 |
| Offer Price | ₹510 |
| Face Value | ₹10 |
| Listing Date | Septmber 15, 2022, Thursday |
Tamilnad Mercantile Bank IPO Subscription 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 |
