The IPO date for Tamilnad Mercantile Bank has been announced; the offering will begin on September 5 and end on September 7. Tamilnad Mercantile Bank (TMB) IPO to generate approximately 831.60 crores through an IPO that includes a fresh issue of 831.60 crores and an offer for sale of up to [.] of 10 apiece. The retail quota is 10%, the QIB quota is 75%, and the HNI
quota 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. Customers of the bank who receive banking and financial services include retailers, micro-enterprises, small and medium enterprises, MSMEs, and others. As of March 2022, they have a robust network of over 500 branches and a customer base of over 5
million. They have about 350 branches in the state of Tamil Nadu and a presence in 15 states and four union territories. On their respective pages, you may monitor the Tamilnad Mercantile Bank IPO subscription status and the Tamilnad Mercantile Bank IPO allotment status.
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 Date & Price Band 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 |
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 Allotment & Listing 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 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.
Tamilnad Mercantile Bank Company Financial Report
| ₹ in Crores | Revenue | Expense | PAT |
|---|---|---|---|
| 2020 | ₹3,993 | ₹3,585 | ₹465 |
| 2021 | ₹4,253 | ₹3,650 | ₹654 |
| 2022 | ₹4,656 | ₹3,835 | ₹902 |
Tamilnad Mercantile Bank IPO Valuation – FY2022
Check Tamilnad Mercantile Bank IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹57.67 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 15.40% |
| Net Asset Value (NAV): | ₹374.41 per Equity Share |
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
Tamilnad Mercantile Bank IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in
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
Company Promoters
- TMB is a professionally managed bank and does not have an identifiable promoters.
Tamilnad Mercantile Bank IPO Lead Managers
- Axis Capital Limited
- Motilal Oswal Investment Advisors Pvt Ltd
- SBI Capital Markets Limited
Tamilnad Mercantile Bank IPO FAQs:
Q1. What is Tamilnad Mercantile Bank IPO?
Ans. Tamilnad Mercantile Bank IPO is a main-board IPO. They are going to raise ₹831.60 Crores via IPO. The issue is priced at ₹500 to ₹525 per equity share. The IPO is to be listed on BSE & NSE.
Q2. When Tamilnad Mercantile Bank IPO will open?
Ans. The IPO is to open on September 5, 2022, for QIB, NII, and Retail Investors.
Q3. What is Tamilnad Mercantile Bank IPO Investors Portion?
Ans. The investors’ portion for QIB-75%, NII-15%, and Retail 10%.
Q4. How to Apply the Tamilnad Mercantile Bank IPO?
Ans. You can apply for Tamilnad Mercantile Bank IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
Q5. How to Apply the Tamilnad Mercantile Bank IPO through Zerodha?
Ans. Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Tamilnad Mercantile Bank”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
Q6. How to Apply the Tamilnad Mercantile Bank IPO through Upstox?
Ans. Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Tamilnad Mercantile Bank”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.
Q7. How to Apply the Tamilnad Mercantile Bank IPO through Paytm Money?
Ans. Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Tamilnad Mercantile Bank”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.
Q8. What is Tamilnad Mercantile Bank IPO Size?
Ans. Tamilnad Mercantile Bank IPO size is ₹831.60 crores.
Q9. What is Tamilnad Mercantile Bank IPO Price Band?
Ans. Tamilnad Mercantile Bank IPO Price Band is ₹500 to ₹525.
Q10. What is Tamilnad Mercantile Bank IPO Minimum and Maximum Lot Size?
Ans. The minimum bid is 28 Shares with ₹14,700 amount while the maximum bid is 364 shares with ₹191,100.
Q11. What is the Tamilnad Mercantile Bank IPO Allotment Date?
Ans. Tamilnad Mercantile Bank IPO allotment date is September 12, 2022.
Q12. What is the Tamilnad Mercantile Bank IPO Listing Date?
Ans. Tamilnad Mercantile Bank IPO listing date is September 15, 2022. The IPO is to list on BSE and NSE.
