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Tamilnad Mercantile Bank IPO GMP, Grey Market Premium Today, Kostak Rate Today

Tamilnad Mercantile Bank IPO

Tamilnad Mercantile Bank IPO GMP, Grey Market Premium Today, Kostak Rate Today.

Company All Details

About the company: Tamilnad Mercantile Bank Limited is the oldest bank private bank in india. The bank provide all banking services and financial services. The currently 509 branch in india rural and metro cities, over all customer base is over 5 million.

Tamilnad Mercantile Bank IPO GMP Today?

GMP today Rs 15.

Tamilnad Bank IPO GMP?

Tamilnad Mercantile Bank IPO GMP is ₹15 as of today.

What is Tamilnad Mercantile Bank Ltd. IPO GMP Today?

Tamilnad Mercantile Bank limited IPO GMP is ₹15 as of today.

What is Tamilnad Mercantile Bank IPO Kostak Rate Today?

IPO Kostak Rate is ₹500 as of today.

Click here to open free demat account and apply this IPO.

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Tamilnad Mercantile Bank Logo

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Tamilnad Mercantile Bank IPO Details

Issue Amount	Upto Rs 832 Crores
Post Issue Implied Market Cap	₹8,314 Crore
Total shares on offer	Upto #15,840,000 Equity Shares
Face Value	₹10 Per Share
Price Band	₹500 to ₹525
Lot Size	28 Shares
IPO Registrar	Link Intime India Pvt. Ltd.

Issue Details

Tamilnad Mercantile Bank IPO Timeline, IPO Open Date, Listing Date, Refund Date

IPO Open Date	05 September 2022
IPO Close Date	07 September 2022
Time	10 AM to 5 PM
Basis of Allotment Date	12 September 2022
Initiation of Refunds	13 September 2022
Credit of Shares to Demat Account	14 September 2022
IPO Listing Date (Trading Commence) NSE & BSE	15 September 2022

IPO Timeline, IPO Open Date, Listing Date, Refund Date

Offer Breakup

Category	Allocation
Qualify Institutional Bidders (QIB)	75%
Non Institutional Byers (NIB)	15%
Retail Individual Investor (RII)	10%
Employee	–

Offer Breakup

Important Financial Data:

For the year/period ended (₹ in Crores) Last Three Year

Particulars (in ₹ Crores)	As at March 31, 2022	As at March 31, 2021	As at March 31, 2020
Total Assets	52,858	47,527	42,759
Total Revenue	4,656	4,253	3,993
Net Profit & Loss for the Period	902	654	465

Important Financial Data:

Prospectus Document:

Download RHP File
Download DRHP File

Know all about this IPO

What is Tamilnad Mercantile Bank IPO?

IPO is a main-board IPO. They are going to raise ₹ 832 (831.68) Crores via IPO. The issue is priced at ₹ 500 to ₹ 525 per equity share. The IPO is to be listed on BSE & NSE.

Tamilnad Mercantile Bank IPO Open?

Monday, 05 September 2022 to Wednesday 07 September 2022.

TMB Limited IPO Will Open?

The IPO is to open on 5 September 2022 for QIB, NII, and Retail Investors.

Company Address & Contact Info.

Registered and Corporate Office:

Registered Office:
No. 57, Victoria Extension Road, Thoothukudi – 628 002,
Tamil Nadu, India.
Tel: +91 461 2325136
Contact Person: Prakash Chandra Panda,
Company Secretary and Compliance Officer
Tel: +91 461 2323666
E-mail: secretarial@tmbank.in;
Website: www.tmb.in;
Corporate Identification Number: U65110TN1921PLC001908

TMB Limited IPO Registrar

Link Intime India Private Limited
Address: C 101, 247 Park L.B.S. Marg Vikhroli (West),
Mumbai 400 083, Maharashtra, India.
Telephone: +91 22 4918 6200
E-mail: tmb.ipo@linkintime.co.in
Investor grievance e-mail: tmb.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact person: Shanti Gopalkrishnan
SEBI registration number: INR000004058

How to apply on Zerodha, Tamilnad Mercantile Bank IPO through Zerodha?

Zerodha customers can apply online in Tarsons Products IPO using UPI as a payment gateway. Zerodha customers can apply in TMB IPO by login into Zerodha Console (back office) and Select an I.P.O application form.

Steps to apply in Tamilnad Mercantile Bank Limited IPO through Zerodha.
1. Visit the Zerodha website or Kite App and login to Zerodha.
2. Go to Console area and click the IPOs link.
3. Go to the ‘Tamilnad Mercantile Bank Limited IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, Quantity, and Price.
5. ‘Submit’ IPO application form.
6. After Successfully submitting application, Visit the UPI App and approve the mandate (Enter your UPI pin & pay the ipo amount)
7. IPO application is complete you can check status on zerodha console.

Click Here to Open Zerodha Account