Tamilnad Mercantile Bank Ltd IPO

Mainboard

Bank - Private

Listed On: Sep 15, 2022 at ₹ 495.0(NSE)

₹ 14700 /28 Shares

Check Allotment

Price Summary

Last Closing

482.60 (-8.08%)

52 Week High

600.00

52 Week Low

438.05

Last Update

20-Sep-2024 3:30 PM

Tamilnad Mercantile Bank IPO Details

05 Sep, 2022

Open Date

07 Sep, 2022

Close Date

12 Sep, 2022

Allotment Date

15 Sep, 2022

Listing Date

Issue Price

₹500-525 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

495.0(NSE)

Listing Date

2022-09-15

Market Lot

28 Shares (₹14,700/-)

Lead Manager

Axis Capital,Motilal Oswal,SBI Capital

Issue Size

Fresh Issue : 15,840,000 Shares : 831.6 Crores Approx

Retail Portion

10% (Number of Retail Applications : 56,570 Approx)

Subscription

2.86 times

IPO Docs

DRHP RHP

Tamilnad Mercantile Bank IPO Subscription Details

As on	QIB	NII bNII sNII	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	0.58 0.72 x 0.32 x	1.53 x	0.83 x
Day 2 - 06-09-22 05:00 PM	0.98 x	1.27 1.35 x 1.09 x	3.61 x	1.53 x
Day 3 - 07-09-22 05:00 PM	1.62 x	2.94 3.10 x 2.62 x	6.47 x	2.86 x

Tamilnad Mercantile Bank Valuations

Earnings Per Share (EPS)

₹57.67/-

P/E Ratio

N/A

RoNW

15.40%

Net Asset Value (NAV) - As on 31.03.22

₹374.41

Tamilnad Mercantile Bank Company Financials All values are in ₹ Cr.

	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

About The Company

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)

Pre Issue Share Holding: N/A%

Post Issue Share Holding: N/A%

Company Promoter(s)

TMB is a professionally managed bank and does not have an identifiable promoters.

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.

Tamilnad Mercantile Bank IPO - FAQs

Ans. Tamilnad Mercantile Bank Ltd IPO is a Mainboard IPO. The issue is priced at ₹500-525 per equity share. The minimum order quantity is 28 Shares. The IPO opens on Sep 5, 2022, and closes on Sep 7, 2022. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Tamilnad Mercantile Bank Ltd IPO opens on Sep 5, 2022 and closes on Sep 7, 2022.

Ans. The size of Tamilnad Mercantile Bank Ltd IPO is Fresh Issue : 15,840,000 Shares : 831.6 Crores Approx.

Ans. The IPO price band is set between ₹500-525 per equity share.

Ans. To apply for Tamilnad Mercantile Bank Ltd IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Tamilnad Mercantile Bank Ltd IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Tamilnad Mercantile Bank Ltd IPO is Sep 12, 2022.

Ans. The Tamilnad Mercantile Bank Ltd IPO will be listed on Sep 15, 2022.

Ans. Follow the steps to check the allotment status for Tamilnad Mercantile Bank Ltd IPO here.