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Tamilnad Mercantile Bank Limited

Tamilnad Mercantile Bank (TMB), established in 1921, is one of India’s oldest private sector banks offering a wide range of banking and financial services to retail customers, farmers, and MSMEs. With a strong mix of deposits and loans, the bank serves a diversified customer base. As of March 31, 2022, TMB operates 509 branches and caters to 5.08 million customers, with a major footprint in Tamil Nadu through 369 branches, along with its presence across 15 other states and 4 union territories.

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₹525 - ₹5252.86x sub
Listed Price₹495.00
Listing Gain-5.71%
Timeline•Book Built Issue IPO
Open05 Sep 2022
Close07 Sep 2022
Allotment12 Sep 2022
Listing15 Sep 2022

Quota Reservation Portions

RetailPortion: 15,84,000 shares
10%
Nii(hni)Portion: 23,76,000 shares
15%
QIBPortion: 1,18,80,000 shares
75%

Minimum Application Bracket Matrix

Retail1 lots / 28 shares
₹14,700
sHNI15 lots / 420 shares
₹2,14,200
bHNI71 lots / 1,988 shares
₹10,13,880

About the Company

Tamilnad Mercantile Bank (TMB), established in 1921, is one of India’s oldest private sector banks offering a wide range of banking and financial services to retail customers, farmers, and MSMEs. With a strong mix of deposits and loans, the bank serves a diversified customer base. As of March 31, 2022, TMB operates 509 branches and caters to 5.08 million customers, with a major footprint in Tamil Nadu through 369 branches, along with its presence across 15 other states and 4 union territories.

Company Promoters

Shri M.V. Shanmugavel Nadar Shri T.V. Balagurusamy Nadar

Lead Managers

Axis Capital LimitedMotilal Oswal Investment Advisors LimitedSBI Capital Markets Limited

Registrar

Link Intime India Private Limited
+91-22-4918 6270
tmb.ipo@linkintime.co.in
https://linkintime.co.in/
View Registrar Details