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Tamilnad Mercantile Bank Limited
Company websiteInvestor note: Tamilnad Mercantile Bank Limited aims to raise ₹1,58,40,000 crore. The fresh issue of ₹1,58,40,000 crore goes to the company while the OFS of ₹0 crore is an existing-shareholder sale.
Subscription window: 05-09-2022 to 07-09-2022. Allotment and listing timelines: 12-09-2022 / 15-09-2022. Tip: check promoter holding and recent financials before applying.
Start Date05-09-2022
End Date07-09-2022
Listing Date15-09-2022
Allotment Date12-09-2022
Current Price₹495
GMP₹16 (3.05%)
Lot Size28 Shares
Subscription2.86 Times
Face Value₹10 Per Equity Share
Listing atNSE, BSE
Issue Price₹525 - ₹525
Pre Issue₹14,25,11,454
Post Issue₹15,83,51,454
Issue Size₹1,58,40,000
(aggregating up to 807.84 Cr)
(aggregating up to 807.84 Cr)
Fresh Issue₹1,58,40,000
(aggregating up to 807.84 Cr)
(aggregating up to 807.84 Cr)
Offer For Sale-
The Grey Market Premium (GMP) for Tamilnad Mercantile Bank Limited is currently around ₹16 (3.05%). This indicates an estimated listing price of approximately ₹541 based on the latest market sentiment. Please note that GMP values are unofficial and can change frequently as they depend on demand, market conditions, and investor activity.
Gmp Details
| Last Updated | IPO Price | GMP | Estimated Listing Price |
|---|---|---|---|
01 Dec 2025, 09:58 | ₹525 | ₹16 | ₹541 (3.05%) |
27 Mar 2025, 12:34 | ₹525 | ₹16 | ₹541 (3.05%) |
Financials overview In Crores
Here is a quick look at the recent financial performance of Tamilnad Mercantile Bank Limited . The numbers below ( In Crores ) show how the company’s revenue and profits have changed over the last few years. This helps investors understand how strongly the business is growing and how stable its financial health is before applying for the IPO.
Subscription Demand (in ₹ Crore)
| Category | Offered | Demand | Times |
|---|---|---|---|
QIBs | ₹249.48 | 403.54 | 1.62 |
RETAIL | ₹83.16 | 538.8 | 6.48 |
HNIs 2+ | ₹41.58 | 109.2 | 2.63 |
HNIs 10+ | ₹83.16 | 257.77 | 3.10 |
Total | ₹457.38 | 1309.31 | 2.86 |
The IPO reservation for Tamilnad Mercantile Bank Limited shows how the total issue is divided among different investor categories. This includes allocations for Retail Investors, Qualified Institutional Buyers (QIBs), and Non-Institutional Investors (NIIs). Understanding the reservation structure helps investors know how much of the issue is set aside for their category before applying.
IPO Reservation
| Category | Shares Offers | No. of Shares |
|---|---|---|
Retail | 10.00% | 15,84,000 |
NII(HNI) | 15.00% | 23,76,000 |
QIB | 75.00% | 1,18,80,000 |
TOTAL | 100.00% | 1,58,40,000 |
Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
Retail (Min) | 1 | 28 | ₹14,700 | |
sHNI | 15 | 420 | ₹2,14,200 | |
bHNI | 71 | 1,988 | ₹10,13,880 |
Below you can find the official contact details of Tamilnad Mercantile Bank Limited along with the registrar handling the IPO process. This information helps investors reach out for queries related to the company or for checking the allotment status and application updates once the IPO process begins.
Company Details
Email: secretarial@tmbank.in
Phone: +91 461 2325136
Website: http://www.tmb.in/
Address: No. 57, Victoria Extension Road Thoothukudi – 628 002,
IPO Registrar
Name: Link Intime India Private Limited
Phone: +91-22-4918 6270
Email: tmb.ipo@linkintime.co.in
Website: https://linkintime.co.in/