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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%

Subscription Status

2.86xTotal Demand
Updated 20 Oct 2026, 01:30 AM
QIB1.62x
Fully Subscribed (Safe)Offered: 47,52,000 sh
Nib2.94x
Fully Subscribed (Safe)Offered: 23,76,000 sh
Hnis(10l +)3.10x
Popular / Warm DemandOffered: 15,84,000 sh
Hnis (2-10l)2.63x
Fully Subscribed (Safe)Offered: 7,92,000 sh
Retail6.48x
Popular / Warm DemandOffered: 15,84,000 sh
CategoryOfferedAppliedTimes
QIB47,52,00076,86,3921.62x
Nib23,76,00069,89,9202.94x
Hnis(10l +)15,84,00049,09,9403.1x
Hnis (2-10l)7,92,00020,79,9802.63x
Retail15,84,0001,02,62,9246.48x

Segment Subscription Demand

Segment / CategoryDemand (Shares)Offered (Shares)Times Sub.
QIB403.54249.481.62x
Retail538.883.166.48x
Hnis 2+109.241.582.63x
Hnis 10+257.7783.163.10x
Bidding status cross-verified with live IPO subscription numbers ↗BSE & NSE Bidding Portal Feed

About Tamilnad Mercantile Bank IPO Subscription Demand

Live subscription status and bidding analysis for Tamilnad Mercantile Bank (TMB) IPO. The issue is subscribed 2.86x overall across Qualified Institutional Buyers (QIB), Non-Institutional Investors (NII/HNI), and Retail Individual Investors (RII). Check real-time grey market demand on our GMP Tracker or review full issue details, lot size, and price band on the IPO Details Page.

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