The allotment for the initial public offer (IPO) of Tamilnad Mercantile Bank Ltd IPO is likely to be finalized on, Sep 12, 2022 . Investors can check their allotment status on the issue's registrar Not Available website, IPO Ji app/website, as well as on the BSE and NSE websites.
The Tamilnad Mercantile Bank Ltd IPO was open for subscription between Sep 5, 2022 - Sep 7, 2022 at a price band in the range of ₹500-525 per equity share.
The Tamilnad Mercantile Bank Ltd IPO's initial public offering received good responses from investors throughout the three-day bidding. Retail investors' portion was subscribed 6.47 times, while non-institutional investors' quota received 2.94 times subscription. The qualified institutional buyers (QIBs) portion was booked 1.62 times. Overall, the IPO was subscribed 2.86 times.
How to Check Tamilnad Mercantile Bank Ltd IPO Allotment Status Online
You can check your IPO allotment status online on the website of the IPO registrar, IPO Ji App/Website, and BSE and NSE websites. You can check the allotment status of the Tamilnad Mercantile Bank Ltd IPO if you have applied for it.
Steps to Check Tamilnad Mercantile Bank Ltd IPO Allotment Status on IPO Ji App/Website:
- Launch the IPO Ji app on your mobile device or visit ipoji.com
- Navigate to the IPO Allotment Page directly from the home screen of the App or by clicking here (www.ipoji.com/ipo-allotment-status) .
- Create your free account by Providing your PAN and Demat details. (one-time process)
- Choose Tamilnad Mercantile Bank Ltd IPO from the list of available IPOs.
- Click on the Check Status button.
- Your allotment status will be displayed on the screen.
How to Check Tamilnad Mercantile Bank Ltd IPO Allotment on BSE:
- Go to BSE's IPO allotment page (https://www.bseindia.com/investors/appli_check.aspx).
- Choose Equity under the "Issue Type" dropdown.
- Choose Tamilnad Mercantile Bank Ltd IPO from the "Issue Name" dropdown.
- Provide your Application Number and PAN ID.
- Tick the 'I am not a robot' box.
- Click on the "Search" button to view your status.
How to Check Tamilnad Mercantile Bank Ltd IPO Allotment on NSE:
- Go to NSE IPO Allotment (https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp).
- Select Tamilnad Mercantile Bank Ltd IPO from the dropdown menu.
- Enter your application number, PAN, and captcha
- Click on "search" to see your allotment status.
On securing the allotment, you will receive the credit of equivalent shares in your Demat account.
