Tamilnad Mercantile Bank Limited
Tamilnad Mercantile Bank IPO Review: Tamilnad Mercantile Bank Limited.
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.
The Bank was incorporated in the name of ‘Nadar Bank Limited’ on May 11, 1921 at Thoothukudi, TamilNadu as a limited company under the Indian Companies Act, 1913 pursuant to a certificate of incorporation issued by the erstwhile Assistant Registrar of Joint Stock, Palamcottah. The Bank commenced its business on November 11, 1921 at Thoothukudi, TamilNadu. Subsequently, the name of the Bank was changed to ‘Tamilnad Mercantile Bank Limited’, with effect from November 27, 1962, pursuant to a letter of approval from the Government of India dated November 14, 1962 and a fresh certificate of incorporation dated July 17, 1968 was issued by the Assistant Registrar of Companies, Madras. For further details in relation to the changes in the registered office, see “History and Certain Corporate Matters” beginning on page 157.
Click here to open free demat account and apply this IPO.
1921
Managing Director of The Company: K.V. Rama Moorthy.
Promoters of the Company: The Bank Is A Professionally Managed Bank And Does Not Have An Identifiable Promoter.
The Bank proposes to utilize the Net Proceeds towards augmenting its Tier–I capital base to meet its future capital requirements. Further, the Gross Proceeds from the Offer will also be used towards meeting the expenses in relation to the Offer.
Additionally, our Bank expects to receive the benefits of listing the Equity Shares on the Stock Exchanges.
| 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. |
| 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 |
| Category | Allocation |
|---|---|
| Qualify Institutional Bidders (QIB) | 75% |
| Non Institutional Byers (NIB) | 15% |
| Retail Individual Investor (RII) | 10% |
| Employee | – |
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 |
Download RHP File
Download DRHP File
Issue Amount : Upto Rs 832 (831.68) Crore.
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.
Monday, 05 September 2022 to Wednesday 07 September 2022.
The IPO is to open on 5 September 2022 for QIB, NII, and Retail Investors.
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
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
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
https://www.facebook.com/tmbankltd/
YouTube
https://www.youtube.com/c/TMBltd/
You Know Where are Nepal One Beautiful & Famous Country in Wolds? क्या आप जानते हैं कि विश्व का एक… Read More
How to Setup a Manufacturing Plant of Cake Making Unit? How to Set Up a Cake Manufacturing Plant? Setting up… Read More
अडानी का शेयर बाज़ार 20% तक टुटा: Adani's Stock Market Crash अडानी शेयर बाज़ार, Adani's Stock Market Crash अडानी शेयर… Read More
How to Setup a Manufacturing Plant of Cake Gel? How to Set Up a Cake Gel Manufacturing Plant? Cake gel… Read More
How to Setup a Plant of Cable Connectors(LUGS)? Setting up a manufacturing plant for cable connectors (lugs) requires careful planning,… Read More
The Incredible Health Benefits of Jackfruit (Dried)? कटहल (सूखे) के अविश्वसनीय स्वास्थ्य लाभ? Dried jackfruit, like its fresh counterpart, is… Read More
This website uses cookies.