Tamilnad Mercantile Bank Limited Financial Information

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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
(aggregating up to ₹831.60 Cr)

Fresh Issue

15,840,000 shares of ₹10
(aggregating up to ₹[.] Cr)

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

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