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Tamilnad Mercantile Bank IPO GMP, Grey Market Premium & Kostak Rates Today

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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
KostakSubject 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?


Tamilnad Mercantile Bank IPO GMP is ₹15 as of today.

What is Tamilnad Mercantile Bank IPO Kostak Rate Today?


Tamilnad Mercantile Bank IPO Kostak Rate is ₹- as of today.

What is Tamilnad Mercantile Bank IPO Subject to Sauda Today?


Tamilnad Mercantile Bank IPO Subject to Sauda is ₹- as of today.

What is Tamilnad Mercantile Bank IPO Expected Returns?


Tamilnad Mercantile Bank IPO Expected Returns is 5%.

Disclaimer:
  • 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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