Tamilnad Mercantile Bank IPO Details – TMB IPO Apply, Share Price

Tamilnadu Mercantile Bank IPO, TMB IPO Details, TMB IPO Date, Price – Tamilnad Mercantile Bank is one of the Oldest Private Bank in India. TMB Offers Banking and Financial Services to micro, Small and Medium Enterprises. TMB Has 509 Branches in India. Now this Bank Announced a Intial Public Offering to Public peoples. who are interested to buy this TMB Ipo, this article will be useful for you.

In this Page, you will get the Details About, TMB IPO Share Price, Face Value, IPO Schedule, Allotment Status. TMB Bank Official website is www.tmb.in. The TMB Ipo Apply online from 05.09.2022 to 07.09.2022. Investors who are interested to apply this Tamilnadu mercantile Bank IPO can apply through to your brokers. Intial Offering price is Rs.500 to Rs.525/- and the lot size is 28 Shares

Tamilnad Mercantile Bank IPO Details

IPO Date Sep 5, 2022 to Sep 7, 2022
IPO Face Value ₹10 per share
IPO Price ₹500 to ₹525 per share
IPO Lot Size 28 Shares
Issue Size 15,840,000 shares of ₹10
(aggregating up to ₹831.60 Cr)
Issue Type 100% Book Building
Listing At BSE, NSE
QIB Shares Offered Not less than 75% of the Net Offer
NII (HNI) Shares Offered Not more than 15% of the Net Offer
Retail Shares Offered Not more than 10% of the Net Offer
Company Promoters TMB is a professionally managed bank and does not have an identifiable promoters.
Book Running Lead Manager Axis Capital Limited, Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited
NSE Website IPO Details

TMB IPO Schedule Details

Issue Period 5th September to 7th September 2022
Finalization of Allotment 12th September 2022
Initiation of Refunds 13th September 2022
Credit of Shares 14th September 2022
Date of Listing 15th September 2022
Mandate end date 23rd September 2022
Anchor Investors Lock-In End Date 7th October 2022

TMB Financial Details

Financial Year Ended Revenue (₹ Crores) Profit for the period (₹ Crores) EPS (₹)
March 2020 3,992.52 464.89 28.61
March 2021 4253.40 654.04 42.34
March 2022 4,656.44 901.90 57.67

TMB IPO Lot size

Application Lots Shares Amount
Retail (Min) 1 28 ₹14,700
Retail (Max) 13 364 ₹191,100
S-HNI (Min) 14 392 ₹205,800
S-HNI (Max) 68 1,904 ₹999,600
B-HNI (Min) 69 1,932 ₹1,014,30

How do I Apply TMB IPO?

  • Open a demat Account (Zerodha, Angel One, Upstox etc..,)
  • Search TMB IPO
  • Enter your BID
  • Minimum Required amount is Rs. 14700/-
  • Submit all details

Read this

Leave a Comment