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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.

₹525 - ₹5252.86x sub
Listed Price495.00
Listing Gain-5.71%
Subscription2.86x total demandUpdated 01 Dec 2025, 09:58 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