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

Tamilnad Mercantile Bank IPO date is fixed, the IPO is to open on September 5 and will close on September 7. Tamilnad Mercantile Bank (TMB) IPO to raise around ₹831.60 crores via IPO that comprises fresh issue of ₹831.60 crores and offer for sale up to [.] of ₹10 each. The retail quota is 10%, QIB is 75%, and HNI is 15%.

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 bank offerings banking and financial services to its customers are retailers, micro-enterprises, small and medium enterprises, MSMEs, and more. They have a strong network of branches of over 500 and a customer 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 check Tamilnad Mercantile Bank IPO subscription status and Tamilnad Mercantile Bank IPO allotment status on their respective pages.

Objects of the Issue:

• To augment tier-I capital base to meet future capital requirements.
• Meet offer issue expenses.
• To receive the benefits of listing the shares on the stock exchanges.

Tamilnad Mercantile Bank IPO Review (Good or Bad)

• Apply
  

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 Form

How to apply for the Tamilnad Mercantile Bank IPO? You can apply for Tamilnad Mercantile Bank IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Tamilnad Mercantile Bank IPO in the Invest section. The other option is you can apply for Tamilnad Mercantile Bank IPO via IPO forms downloaded via NSE and BSE. Check out the Tamilnad Mercantile Bank forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.

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 bank and does not 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 status on Linkintime website 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 price band and date are officially announced. The IPO grey market premium (Tamilnad Mercantile Bank IPO Premium) will be added to the IPO grey market page as it will start).