Tamil Nadu Mercantile Financial institution IPO Date, Assessment, Worth, Allotment & Evaluation


Tamil Nadu Mercantile Financial institution IPO Date Certain, IPO open 5 september and can shut on seventh September. Tamil Nadu Mercantile Financial institution (TMB) IPO To boost round ₹831.60 crore via IPO Together with contemporary difficulty of ₹831.60 crore and provide on the market [.] ₹10 every. Retail quota is 10%QIB is 75%, and HNI is 15%.

Tamil Nadu Mercantile Financial institution (TMB) is a non-public financial institution and one of many oldest among the many non-public sector banks in India. TMB was included in 1921 and is headquartered in Thoothukudi, Tamil Nadu, India. The financial institution has a long-standing monitor file with a working historical past of greater than 100 years.

The financial institution offering banking and monetary providers to its prospects are Retailers, Micro Enterprises, Small and Medium Enterprises, MSMEs and extra. They’ve a powerful community of over 500 branches and a buyer base of over 5 million as of March 2022. They’ve over 350 branches within the state of Tamil Nadu and have a presence in 15 states and 4 union territories. You may examine Tamilnad Mercantile Financial institution IPO Membership Standing and Tamilnad Mercantile Financial institution IPO Allotment Standing on their respective pages.

Gadgets of difficulty:

  • Enhancing Tier-I capital base to satisfy future capital necessities.
  • Meet the provide difficulty bills.
  • To get the advantages of itemizing the shares on the inventory exchanges.

Tamil Nadu Mercantile Financial institution IPO Assessment (Good or Unhealthy)

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Tamil Nadu Mercantile Financial institution IPO Date & Worth Band Particulars

Tamil Nadu Mercantile Financial institution IPO Open: 5 September 2022
Tamil Nadu Mercantile Financial institution IPO closed: September 7, 2022
Tamil Nadu Mercantile Financial institution IPO Measurement: nearly ₹831.60 Ten million
Newest Points: nearly 831.60 Ten million
Supply on the market: nearly [.] widespread share
Face worth: ₹10 per fairness share
Tamil Nadu Mercantile Financial institution IPO Worth Band: 500 from ₹525 per share
On Tamil Nadu Mercantile Financial institution IPO Itemizing: BSE and NSE
Retail Quota: 10%
QIB Quota: 75%
NII Quota: 15%
Low cost: n/a
DRHP Draft Prospectus: click on right here
RHP Draft Prospectus: click on right here
Checklist of Anchor Traders: click on right here

Tamil Nadu Mercantile Financial institution IPO Market Heaps

Tamil Nadu Mercantile Financial institution IPO minimal market lot is 28 shares with 14,700 software quantity. Retail traders can apply for 364 shares or as much as 13 tons with an quantity of ₹191,100.

Minimal lot measurement: the minimal 28 shares for 1 lot
minimal quantity: ₹14,700 for 1 lot
Max Lot Measurement: most 364 shares for 13 tons
most quantity: ₹191,100 for 13 tons

Tamil Nadu Mercantile Financial institution IPO Allotment & Itemizing Dates

Tamil Nadu Mercantile Financial institution IPO date is fifth September and the final date is seventh September. Tamil Nadu Mercantile Financial institution IPO allotment will likely be on twenty third September and IPO will likely be listed on twenty sixth September.

Worth Band Declaration: 1 September 2022
Anchor Investor Allocation: 2 September 2022
Tamil Nadu Mercantile Financial institution IPO Open Date: 5 September 2022
Tamil Nadu Mercantile Financial institution IPO Closing Date: September 7, 2022
Allocation Foundation: 12 September 2022
Refunds: 13 September 2022
Credit score to Demat Account: September 14, 2022
Tamil Nadu Mercantile Financial institution IPO Itemizing Date: September 15, 2022

Tamil Nadu Mercantile Financial institution IPO Kind

apply for Tamil Nadu Mercantile Financial institution IPO? You may apply for Tamil Nadu Mercantile Financial institution IPO via ASBA obtainable in your checking account. Merely go to on-line financial institution login and apply via your checking account by deciding on Tamil Nadu Mercantile Financial institution IPO in funding part. Another choice is you could apply for Tamil Nadu Mercantile Financial institution IPO via NSE and BSE via downloaded IPO kind. View Tamil Nadu Mercantile Financial institution Kind – BSE Kind & NSE Kind Obtain clean IPO kind, fill and undergo your financial institution or together with your dealer.

Tamil Nadu Mercantile Financial institution Firm Monetary Report

₹ in crore
income Expense to Pat
2020 ₹3,993 ₹3,585 ₹465
2021 ₹4,253 ₹3,650 ₹654
2022
₹4,656 ₹3,835 ₹902

Tamil Nadu Mercantile Financial institution IPO Valuation – FY2022

Try Tamilnad Mercantile Financial institution IPO valuation particulars similar to Earnings Per Share (EPS), Worth/Earnings P/E Ratio, Return on Web Value (RONW), and Web Asset Worth (NAV) particulars.

Earnings Per Share (EPS): ₹57.67 per fairness share
Worth/Earnings P/E Ratio: n/a
Return on Web Value (RONW): 15.40%
Web Asset Worth (NAV): 374.41 per fairness share

peer group

  • Metropolis Union Financial institution Restricted
  • CSB Financial institution Restricted
  • DCB Financial institution Restricted
  • Federal Financial institution Restricted
  • Karur Vysya Financial institution Restricted
  • Karnataka Financial institution Restricted
  • RBL Financial institution Restricted

firm promoter

  • TMB is a professionally managed financial institution and doesn’t have an identifiable promoter.

Tamil Nadu Mercantile Financial institution IPO Registrar

Hyperlink Intime India Non-public Restricted
Telephone: +91-22-4918 6270
Electronic mail: tmb.ipo@linkintime.co.in
Web site: https://linkintime.co.in/

Examine Tamil Nadu Mercantile Financial institution IPO Allotment Standing

Examine Tamil Nadu Mercantile Financial institution IPO allotment standing on linkintime web site allotment url. click on right here

Tamil Nadu Mercantile Financial institution IPO Lead Managers

  • Axis Capital Restricted
  • Motilal Oswal Funding Advisors Non-public Restricted
  • SBI Capital Markets Restricted

Firm Tackle

Tamil Nadu Mercantile Financial institution Restricted
No.57, Victoria Extension Highway
Thoothukudi – 628 002,
Telephone: +91 461 2325136
Electronic mail: secretarial@tmbank.in
Web site: http://www.tmb.in/

Tamilnadu Mercantile Financial institution IPO FAQs

What’s Tamil Nadu Mercantile Financial institution IPO?

Tamil Nadu Mercantile Financial institution IPO is a Important Board IPO. they’re going Elevate ₹831.60 Crore Problem via IPO at price 500 to ₹525 per fairness share. to be ipo Listed on BSE and NSE,

When will Tamil Nadu Mercantile Financial institution IPO open?

IPO is about to open September 5, 2022, For QIBs, NIIs and Retail Traders.

What’s Tamil Nadu Mercantile Financial institution IPO Investor Half?

share of traders QIB-75%, NII-15%And retail 10%,

Apply Tamil Nadu Mercantile Financial institution IPO?

You may apply for Tamilnad Mercantile Financial institution IPO on-line via ASBA via your checking account. You may apply for ASBA on-line via UPI via your stockbrokers. It’s also possible to apply via your stockbrokers by filling the offline kind.

Apply Tamil Nadu Mercantile Financial institution IPO via Zerodha?

Log in to the console within the Zerodha web site or software. Go to Portfolio and click on on IPO. You will note the IPO identify “Tamil Nadu Mercantile Financial institution”. Click on on the Bid button. Enter your UPI ID, amount and value. Submit the IPO software kind. Now go to your UPI app on internet banking or BHIM app to approve the mandate. Open a demat account with Zerodha.

Apply Tamil Nadu Mercantile Financial institution IPO via Upstox?

Log in to the Upstox software together with your credentials. Choose IPO. You will note the IPO identify “Tamil Nadu Mercantile Financial institution”. Click on on the Bid button. Verify your software. Now go to your UPI app on internet banking or BHIM app to approve the mandate. Open a Demat account with Upstox.

Apply Tamil Nadu Mercantile Financial institution IPO via Paytm Cash?

Log in to Paytm Cash Utility together with your credentials. Choose IPO. You will note the IPO identify “Tamil Nadu Mercantile Financial institution”. Click on on the Bid button. Verify your software. Now go to your UPI app on internet banking or BHIM app to approve the mandate. Open Demat Account with Paytm Cash.

What’s the measurement of Tamil Nadu Mercantile Financial institution IPO?

The dimensions of the IPO of Tamil Nadu Mercantile Financial institution is ₹831.60 crore,

What’s Tamil Nadu Mercantile Financial institution IPO Worth Band?

Tamil Nadu Mercantile Financial institution IPO Worth Band is ₹500 to ₹525.

What’s the Tamil Nadu Mercantile Financial institution IPO minimal and most lot measurement?

the bottom bid is 28 shares with ₹14,700 Quantity whereas the utmost bid is 364 shares with ₹191,100,

What’s Tamil Nadu Mercantile Financial institution IPO Allotment Date?

Tamil Nadu Mercantile Financial institution IPO allotment date is 12 september, 2022,

What’s Tamil Nadu Mercantile Financial institution IPO Itemizing Date?

Tamil Nadu Mercantile Financial institution IPO itemizing date is 15 september, 2022, The IPO must be listed on BSE and NSE.

Word: Tamil Nadu Mercantile Financial institution IPO value band and date has been formally introduced. IPO Grey Market Premium (Tamil Nadu Mercantile Financial institution IPO Premium) will likely be added as quickly because the IPO begins on the Grey Market web page).



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