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Tamilnad Mercantile Bank IPO Listing Date & Share Price on NSE & BSE

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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

DetailsBSE ListingNSE 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

Tamilnad Mercantile Bank IPO Listing Details

Find the Tamilnad Mercantile Bank IPO listing details like BSE Code, NSE Code, ISIN Number, and Listing Group. The information given below will help you on the Tamilnad Mercantile Bank share listing day.

BSE Notice of Listing: Notice
BSE Code543596
GroupB Group
ISIN NoINE668A01016
Offer Price₹510
Face Value₹10
Listing DateSeptmber 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

Tamilnad Mercantile Bank IPO Listing FAQs:

When is Tamilnad Mercantile Bank IPO Listing Date?

Tamilnad Mercantile Bank IPO listing date is September 15, Thursday.

What will be the estimated listing price of Tamilnad Mercantile Bank stock?

As per the market speculations, the IPO might list at ₹525 to ₹550 levels. If the market supports the stock might go on a higher side around the ₹575 level while on the downside the stock might hit to ₹500 level.

How many returns are expected in Tamilnad Mercantile Bank IPO?

The IPO might give a listing profit/loss of ₹N/A to ₹N/A.

What is Tamilnad Mercantile Bank Share Price on Listing Day?

The IPO is listed at ₹495.00 on NSE and at ₹510.00 on BSE.

Will Tamilnad Mercantile Bank will list on NSE and BSE?

Yes, The IPO to list on NSE and BSE both the indices.

Should I buy Tamilnad Mercantile Bank shares on a listing day?

Long-term investors should buy the stock on a listing day. Stock Market investments are subject to market risks.
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