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|
Tamilnad Mercantile Bank IPO Listing Details
BSE Notice of Listing: Notice
|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|