Tamilnad Mercantile Bank IPO will be open from 05 September 2022 and closes on 07 September 2022. Tamilnad Mercantile Bank IPO GMP Kostak rate and Subject to Sauda updated as of Today. Tamilnad IPO GMP has been Started with High Premium Rates, We need to wait for the rates to change with the Market Sentiment in a few days or to Stabilize the Rates. Check Tamilnad Mercantile Bank IPO Subscription Status here.
Tamilnad Mercantile Bank is one of the oldest and leading old private sector banks in India with a history of almost 100 years. The TMB offer a wide range of banking and financial services primarily to micro, small and medium enterprises (“MSME”), agricultural and retail customers (“RAM”). As of March 31, 2022, the company have 509 branches, of which 106 branches are in rural, 247 in semi-urban, 80 in urban and 76 in metropolitan centres.
■ The company price band before set as 525 but now the company announced the price band 510. (09-09-2022)
The TMB head quartered at Thoothukudi, Tamil Nadu, India. The company have built a strong presence in the state of Tamil Nadu, with 369 branches and 949 automated teller machines (“ATMs”) and 255 cash recycler machines (“CRMs”) as of March 31, 2022. Tamil Nadu, the fourth largest state of India, is one of the fastest growing states, with continued focus on MSME and textile industry. Tamil Nadu’s gross state value added (“GSVA”) at current prices grew at a compounded annual growth rate
Tamilnad Mercantile Bank IPO Issue size of ₹831.60 Crores, in which Fresh Issue of ₹831.60 Crores and Offer For Sale of ₹- Crores and issue price band has been fixed at ₹500-₹525 Per Share. The Tamilnad Mercantile Bank IPO to be listed Soon on NSE and BSE.
What is Tamilnad Mercantile Bank IPO GMP Today?
■ The Tamilnad Mercantile IPO GMP Today Or Grey Market Premium is ₹10-₹12.
What is Tamilnad Mercantile Bank IPO Kostak Rates Today?
■ The Tamilnad Mercantile Bank IPO Kostak rate is ₹400.
What is Tamilnad Mercantile Bank IPO Subject to Sauda Price Today?
■ The Tamilnad Mercantile Bank IPO Subject to Sauda rates is ₹1500.
Tamilnad Mercantile Bank IPO Approximately Returns?
■ The Tamilnad Mercantile Bank IPO’s approximate return is 1%-5%. And it can also change according to the Market Sentiment.
Tamilnad Mercantile Bank IPO GMP Live, Kostak,& Subject to Sauda :
| Date | GMP | Kostak | Subject |
| 15 Sep 2022 | List- ₹485.00(NSE Price) | ₹400 | ₹2500 |
| 14 Sep 2022 | ₹10-₹12 | ₹400 | ₹2500 |
| 13 Sep 2022 | ₹10-₹12 | ₹400 | ₹2500 |
| 12 Sep 2022 | ₹10-₹12 | ₹400 | ₹2500 |
| 11 Sep 2022 | ₹10-₹12 | ₹400 | ₹2500 |
| 10 Sep 2022 | ₹5-₹10 | ₹400 | ₹2500 |
| 09 Sep 2022 | ₹15-₹20 | ₹400 | ₹2500 |
| 08 Sep 2022 | ₹15-₹20 | ₹0 | ₹400 |
| 07 Sep 2022 | ₹5-₹7 | ₹0 | ₹400 |
| 06 Sep 2022 | ₹10-₹15 | ₹0 | ₹700 |
| 05 Sep 2022 | ₹10-₹15 | ₹0 | ₹700 |
| 04 Sep 2022 | ₹25-₹30 | ₹0 | ₹700 |
| 03 Sept 2022 | ₹25-₹30 | ₹0 | ₹700 |
| 02 Sept 2022 | ₹35-₹40 | ₹0 | ₹500 |
| 01 Sept 2022 | ₹35-₹40 | ₹0 | ₹500 |
| 31 Aug 2022 | ₹45-₹50 | ₹0 | ₹0 |
| 30 Aug 2022 | ₹45-₹50 | ₹0 | ₹0 |
| 29 Aug 2022 | ₹0-₹0 | ₹0 | ₹0 |
Tamilnad Mercantile Bank IPO Date & Price Band & Details :
| IPO Open : | 05 September 2022 |
| IPO Close : | 07 September 2022 |
| IPO Size : | ₹831.60 Cr {15,840,000 Shares} |
| Face Value : | ₹10. Equity Share |
| Price Band : | ₹500–₹525 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹831.60 Cr {15,840,000 Shares} |
| Fresh Issue : | ₹831.60 Cr {15,840,000 Shares} |
| Offer For Sale : | ₹-. Cr |
Tamilnad Mercantile Bank IPO Market Lot :
Tamilnad Mercantile Bank IPO Minimum Market lot is 1 Lot with 28 shares with ₹14,700 Application amount. The retail investors can apply up to 13 lots with 364 Shares or ₹191,100 amounts.
| Minimum Lot Size : | 1 Lot |
| Minimum Share : | 28 Shares |
| Minimum Amount : | ₹14,700 |
| Maximum Lot Size : | 13 Lot |
| Maximum shares : | 364 Shares |
| Maximum Amount : | ₹191,100 |
Tamilnad Mercantile Bank IPO Dates :
Tamilnad Mercantile Bank IPO Date is 05 September 2022 and closes on 07 September 2022. The allotment will be finalized on 12 September 2022 and the IPO may list on 15 September 2022.
| Open Date : | 05 September 2022 |
| Close Date : | 07 September 2022 |
| Allotment Date : | 12 September 2022 |
| Refund Date : | 13 September 2022 |
| Share Credit Date : | 14 September 2022 |
| Listing Date : | 15 September 2022 |
Tamilnad Mercantile Bank IPO GMP FAQs :
How much is Tamilnad Mercantile Bank IPO GMP Today?
Tamilnad Mercantile Bank IPO GMP Today is ₹10-₹12.
How much is Tamilnad Mercantile Bank IPO Grey Market Premium?
Tamilnad Mercantile Bank IPO is Grey Market Premium ₹10-₹12.
What is Tamilnad Mercantile Bank IPO Kostak Rate?
Tamilnad Mercantile Bank IPO Kostak Rate is ₹400.
What is Tamilnad Mercantile Bank IPO Subject to Sauda?
Tamilnad Mercantile Bank IPO Subject to Deals is ₹2500.
What are Tamilnad Mercantile Bank IPO Approx Returns?
Tamilnad Mercantile Bank IPO approx Returns is 1%-5%. And it can also change according to the Market Sentiment.
| Tamilnad Mercantile Bank IPO Details: Click Here Tamilnad Mercantile Bank IPO Subscription: Click Here Tamilnad Mercantile Bank IPO Allotment: Click Here Tamilnad Mercantile Bank IPO Listing: Click Here |
All Tamilnad Mercantile Bank IPO-related links are available here. If you want to know the details then click on Click Here Link.
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