Tamilnad Mercantile Bank IPO Allotment Status (Check Online)

Tamilnad Mercantile Bank IPO allotment status is finalised and available now as of Sep 12, 2022. You can check your allotment result on IPO Ji App and Website.

You can check the Tamilnad Mercantile Bank IPO allotment status online using PAN, Application Number, or DP Client ID:

• Open the Tamilnad Mercantile Bank IPO allotment status page on IPO Ji.
• Click Allotment Status.
• Enter your PAN, Application Number, or DP Client ID.
• Click Search to view your result.

Sample allotment result format:

• PAN No.: ABCTY1234D
• Application No.: 9876543210
• Name: Rakesh J
• Shares Applied: 50
• Shares Allotted: 50

There is no fixed or guaranteed expected listing price for the Tamilnad Mercantile Bank IPO. The listing price depends on overall market conditions, investor demand, and the company’s fundamentals. The grey market premium (GMP) can indicate market sentiment, but the actual listing price may be higher or lower than GMP expectations.

You can check the Tamilnad Mercantile Bank IPO allotment status on IPO Ji and on the registrar’s official website (Link Intime India Private Ltd) once the allotment is published.

The allotment is expected on Sep 12, 2022.

If the Tamilnad Mercantile Bank IPO is oversubscribed in the retail category, shares are allotted to Retail Individual Investors (RII) as per the allotment rules. Typically, investors may receive a minimum of 1 lot, subject to availability in the retail portion. If there are not enough shares to allot at least 1 lot to everyone, a lottery is conducted to decide the allotment.

The Tamilnad Mercantile Bank IPO listing date is Sep 15, 2022. The equity shares are expected to list on BSE, NSE.

Common reasons for not getting allotment in the Tamilnad Mercantile Bank IPO include:

• Oversubscription: If the retail category is oversubscribed, allotment is done through a lottery, so many valid applications may not get shares.
• UPI mandate / payment issue: The UPI mandate was not approved in time, or funds were not blocked successfully.
• Application issue: The application may be rejected due to incorrect or mismatched details (PAN, DP ID/Client ID), or duplicate applications from the same PAN.
• Bid issue (Retail/RII): If you applied in the retail category and did not bid at the cut-off price, and your bid price was below the final issue price, your application may not be considered.

The registrar for the Tamilnad Mercantile Bank IPO is Link Intime India Private Ltd.

If you don’t receive allotment in the Tamilnad Mercantile Bank IPO, the blocked amount (UPI mandate/ASBA) is usually released after the allotment is finalised. In most cases, it is unblocked within 24 hours, but it may take up to 1–2 working days depending on your bank.

If you are allotted shares, the required amount is debited from your bank account and the remaining balance (if any) is unblocked.