Tamilnad Mercantile Bank Limited Financial Information
It is one of the oldest non-public area banks in India that gives banking and monetary offerings to retail clients and MSMEs. At the quit of FY22, the financial institution had 509 branches unfold throughout rural, semi-urban, urban, and metropolitan centers. The employer is coming with a clean trouble with an trouble length of Rs 832 crore (top band). The IPO opens for subscription on fifth September and closes on seventh September.
Tamilnad Mercantile Bank IPO Details
Tamilnad Mercantile Bank IPO Date | Sep 5, 2022 to Sep 7, 2022 |
Tamilnad Mercantile Bank IPO Face Value | ₹10 per share |
Tamilnad Mercantile Bank IPO Price | ₹500 to ₹525 per share |
Issue Size | 15,840,000 shares of ₹10 |
Fresh Issue | 15,840,000 shares of ₹10 |
Issue Type
| Book Built Issue IPO |
Tamilnad Mercantile Bank IPO Timeline (Tentative Timetable)
Event | Date |
Tamilnad Mercantile Bank IPO Opening Date | Sep 5, 2022 |
Tamilnad Mercantile Bank IPO Closing Date | Sep 7, 2022 |
Basis of Allotment | Sep 12, 2022 |
Initiation of Refunds | Sep 13, 2022 |
Credit of Share s to Demat | Sep 14, 2022 |
Tamilnad Mercantile Bank IPO Listing Date | Sep 15, 2022 |
Competitors Of Tamilnad Mercantile Bank
- HDFC Bank
- Axis Bank
- SBI Bank
- Kotak Mahindra Bank
- ICICI Bank
- IndusInd Bank
