IPO Trending
TMBEQ / NSE, BSEListed
Tamilnad Mercantile Bank

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.

₹525 - ₹5252.86x sub
Listed Price₹495.00
Listing Gain-5.71%

IPO Schedule & Timeline

Book Built Issue IPO
Open05 Sep 2022
Close07 Sep 2022
Allotment12 Sep 2022
Listing15 Sep 2022

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail15,84,000 shares
10%
Nii(hni)23,76,000 shares
15%
QIB1,18,80,000 shares
75%

Minimum Application Lots

Retail1 Lot (28 shares)
₹14,700
sHNI15 Lots (420 shares)
₹2,14,200
bHNI71 Lots (1,988 shares)
₹10,13,880

Company Promoters

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

Company Background

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 cus...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar-20)₹3992.53 Cr
Growth-14.3%
Revenue Trend (₹ in Crores)
0.01.8k3.6k5.4kMar-22Mar-21Mar-20
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar-203992.53464.8942758.80
Mar-214253.4654.0447527.17 0
Mar-224656.44901.952858.490

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Limited

Allotment Finalized
Allotment Date
12 Sep 2022
Official Status
Out / Finalized
Registrar
Link Intime India Private Limited
Listing Date
15 Sep 2022

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Limited

Direct allotment verification on the official registrar portal appointed for Tamilnad Mercantile Bank. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization12 Sep 2022Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date15 Sep 2022Trading commences on exchange

How to Check Tamilnad Mercantile Bank Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select Tamilnad Mercantile Bank from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Allotment FAQs & Help

About Tamilnad Mercantile Bank IPO

Complete issue overview for Tamilnad Mercantile Bank (TMB) IPO. The issue features an equity share price band of ₹525 per share with a minimum retail lot size of 28 Shares (minimum application amount of ₹14,700). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions