Tamilnad Mercantile Bank IPO
Tamilnad Mercantile Bank IPO is listed on BSE and NSE, priced at ₹500–₹525 per share. The stock debuted at ₹495. The IPO had a lot size of ₹28 shares and a minimum investment of ₹14,700.
Tamilnad Mercantile Bank Ltd IPO
- IPO Dates
- Sep 5, 2022 – Sep 7, 2022
- Price band
- ₹500-525 per equity share
- Minimum Investment
- ₹14,700
- Issue size
- Fresh Issue : 15,840,000 Shares : 831.6 Crores Approx
- Lot size
- 28
- Allotment Date
- Sep 12, 2022
- Listing
- Sep 15, 2022
- Listing At
- BSE, NSE
IPO timeline
-
Sep 5, 2022
Open Date
Completed
-
Sep 7, 2022
Close Date
Completed
-
Sep 12, 2022
Allotment Date
Completed
-
Sep 15, 2022
Listing Date
Completed
Price Summary
- Last closing
- 662.50 (26.19%)
- 52 week high
- 770.00
- 52 week low
- 411.80
- Last update
Tamilnad Mercantile Bank IPO Essentials
Tamilnad Mercantile Bank IPO Details
Tamilnad Mercantile Bank IPO is priced at ₹500-525 per share with a total issue size of Fresh Issue : 15,840,000 Shares : 831.6 Crores Approx. The IPO has a lot size of 28 shares and is listed on BSE and NSE.
- Issue price
- ₹500-525 per equity share
- Lot size
- 28 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- Fresh Issue : 15,840,000 Shares : 831.6 Crores Approx
- Listing at
- BSE, NSE
- List price
- 495.0(NSE)
- Listing date
- Registrar
- Link Intime India Private Ltd
- Lead manager
-
Axis Capital,Motilal Oswal,SBI Capital
Tamilnad Mercantile Bank IPO Analytics
Tamilnad Mercantile Bank IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Tamilnad Mercantile Bank IPO Subscription Status
Tamilnad Mercantile Bank IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 4,752,000 |
2,376,000
1,584,000
792,000
|
1,584,000 | 8,712,000 |
|
Day 1
05-09-22 05:00 PM
|
0.73 x |
0.58x
0.72x
0.32x
|
1.53 x | 0.83 x |
|
Day 2
06-09-22 05:00 PM
|
0.98 x |
1.27x
1.35x
1.09x
|
3.61 x | 1.53 x |
|
Day 3
07-09-22 05:00 PM
|
1.62 x |
2.94x
3.10x
2.62x
|
6.47 x | 2.86 x |
Tamilnad Mercantile Bank Valuations
Earnings
- EPS (Post IPO)
- ₹57.67/-
Returns
- RoNW
- 15.40%
Tamilnad Mercantile Bank Financials( In Crs.)
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
|---|---|---|---|
| Assets | 52858.49 | 47527.17 | 42758.8 |
| Revenue | 4656.44 | 4253.4 | 3992.53 |
| Profit After Tax | 901.9 | 654.04 | 464.89 |
Tamilnad Mercantile Bank Company & Offer Insights
About Tamilnad Mercantile Bank
Incorporated in 1921, Tamilnad Mercantile Bank (TMB) is one of the oldest private sector banks in India. It offers an array of banking and financial services to retail customers, micro, small, and medium enterprises (MSMEs), and more. TMB has a strong portfolio of advances and deposits from a diversified customer base including retail customers, agricultural customers, and MSMEs.
As of March 31, 2022, the bank has a strong branch network of 509 branches and a total customer base of 5.08 million. TMB has a significant market presence in the state of Tamil Nadu with 369 branches, and is also present in 15 other states and 4 union territories of India.
Tamilnad Mercantile Bank Promoter(s)
TMB is a professionally managed bank and does not have an identifiable promoters. are the company's promoters of Tamilnad Mercantile Bank.
Tamilnad Mercantile Bank IPO Issue Objectives
- •
- 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 - Anchor Investors
Ahead of IPO, Tamilnad Mercantile Bank collects Rs 363 crore from anchor investors.
The company has decided to allocate 71.28 lakh equity shares to anchor investors at Rs 510 apiece, aggregating the transaction size to Rs 363.53 crore.
Societe Generale, Nomura Singapore, Bajaj Allianz Life Insurance Company, Max Life Insurance Company, Kotak Mahindra Life Insurance Company and Moneyewise Financial Services are among the anchor investors.
Contact Information
Frequently Asked Questions
Click any question to reveal the answer
Tamilnad Mercantile Bank IPO is a book-built IPO worth ₹Fresh Issue : 15,840,000 Shares : 831.6 Crores Approx. The price band is ₹500–₹525 per share. The IPO opens on Sep 5, 2022 and closes on Sep 7, 2022. It will be listed on BSE and NSE. Link Intime India Private Ltd is the registrar.
The price band of Tamilnad Mercantile Bank IPO is ₹500 to ₹525 per share.
The lot size of Tamilnad Mercantile Bank IPO is 28 shares.
The minimum investment for Tamilnad Mercantile Bank IPO is approximately ₹14,700 based on the upper price band .
Tamilnad Mercantile Bank IPO opens on Sep 5, 2022 and closes on Sep 7, 2022.
The allotment date of Tamilnad Mercantile Bank IPO is Sep 12, 2022.
Tamilnad Mercantile Bank IPO is expected to be listed on Sep 15, 2022, on BSE and NSE .
Tamilnad Mercantile Bank IPO listed on Sep 15, 2022. It was issued at ₹495.0(NSE) and is currently around ₹662.50 as on 14-May-2026 3:30 PM, which is approximately 26.2% versus issue price. The 52-week high is ₹770.00.
Based on listing and post-listing performance, Tamilnad Mercantile Bank IPO delivered around 26.2% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Tamilnad Mercantile Bank IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Tamilnad Mercantile Bank IPO valuation snapshot: P/E N/A, EPS ₹57.67/-, P/B N/A, RoNW 15.40%, and market cap N/A.
To apply for Tamilnad Mercantile Bank IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Tamilnad Mercantile Bank IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Tamilnad Mercantile Bank IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Tamilnad Mercantile Bank IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Tamilnad Mercantile Bank IPO allotment status on IPO Ji for quick and easy access.