Tamilnad Mercantile Bank IPO listing on NSE and BSE on 15 September 2022 Thusday at 10:00 AM. The Tamilnad Mercantile Bank IPO GMP is showing a Low premium of ₹5-₹10 premium due to which Tamilnad Mercantile Bank Listing price is likely to be listed around at issue price ₹500-₹510. The total Tamilnad Mercantile Bank IPO Subscription Status subscribed 2.86x times so far, with QIB subscribed 1.62x and NII subscribed 2.94x times & RII 6.48x times and EMP 0.0x times.
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.
There was a High Demand subscription from the investors, Now it remains to be seen at which price level it is listed, we will update you on Tamilnad Mercantile Bank Share Price.
Tamilnad Mercantile Bank IPO Listing – The Tamilnad Mercantile Bank IPO listing at ₹485.00 on NSE 5.71% Loss & ₹510 On BSE 2.86% Loss from the Offer issue price. If you have got allotment in IPO then you can hold it with stoploss for better return you can put your stoploss around the 450 price and Buy the share after listed some week analyse stock and add in your Portfiolio.
Tamilnad Mercantile Bank IPO Listing Details
| Platform | Code | Issue Price | Listing price | High | Low | Close |
|---|---|---|---|---|---|---|
| BSE | 543596 | ₹525.00 | ₹510.00 | ₹519.00 | ₹484.50 | ₹508.90 |
| NSE | TMB | ₹525.00 | ₹495.00 | ₹515.00 | ₹482.00 | ₹510.00 |
Checkout IPO Performance Tracker 2022
Tamilnad Mercantile Bank IPO Listing FAQs :
When is the Tamilnad Mercantile Bank IPO Listing Date?
Tamilnad Mercantile Bank IPO listing date is 15 September 2022.
Will Tamilnad Mercantile Bank will list on NSE and BSE?
Yes, The IPO to list on NSE and BSE both the indices.
What is The BSE and NSE Code for the Tamilnad Mercantile Bank IPO?
The BSE Code is 543596 & NSE Code is in TMB.
What is Tamilnad Mercantile Bank IPO Listing Price?
The Tamilnad Mercantile Bank IPO was listed at ₹485.00.00 on NSE 5.71% Loss & ₹510.00 on BSE 2.86% Loss.
Should I buy Tamilnad Mercantile Bank shares on a listing day?
Yes, you can buy Tamilnad Mercantile Bank on listing day.
| Tamilnad Mercantile Bank IPO GMP: Click Here Tamilnad Mercantile Bank IPO Details: Click Here Tamilnad Mercantile Bank IPO Allotment: Click Here Tamilnad Mercantile Bank IPO Subscription: 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.
Disclaimer: STOCK MARKET INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY BEFORE INVESTING.