Tamilnad Mercantile Bank IPO Subscription Status {Live Update 2022}

Tamilnad Mercantile Bank IPO

The Tamilnad Mercantile Bank IPO Subscription Status has started 05 September 2022 and it is also being subscribed by QIB and NII & RII. let you know that the Tamilnad Mercantile Bank IPO has opened on 05 September 2022 and closes on 07 September 2022. Which will be subscribed by 07 Septembr 2022. Tamilnad Mercantile Bank IPO is preparing to raise ₹831.60 Cr funds through its Fresh Issue and Offer For Sale, in which Fresh Issue of ₹831.60 Crores and Offer Sale of ₹- Crores. and Tamilnad Mercantile Bank IPO Price Band is Fixed ₹500 to ₹525 per share. Check Tamilnad Mercantile Bank IPO GMP Here.

The company price band before set as 525 but now the company announced the price band 510. (09-09-2022)

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 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 reserved shares in this IPO, 75% for QIB and 15% for NII, and 10% for the retail category have been reserved. To know the Tamilnad Mercantile Bank IPO Subscription Status, you can see the below-day Subscription. Check Tamilnad Mercantile IPO Allotment status here.

Tamilnad Mercantile Bank IPO Review :

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Tamilnad Mercantile Bank IPO Subscription Status {Live Update} :

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 on Day 3. {Update time : 07 Sep 2022 05:00 Pm} (Closed)

CategoryDay 1Day 2Day 3
QIB :0.73x0.98x1.62x
NII :0.58x1.27x2.94x
RII :1.53x3.61x6.48x
EMP :0.0x0.0x0.0x
Total :0.83x1.53x2.86x
Tamilnad Mercantile Bank  IPO Subscription Status

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 Subscription Status

Tamilnad Mercantile Bank IPO Subscription Status FAQs :

How much was the total Tamilnad Mercantile Bank IPO Subscription Status?
The total Tamilnad Mercantile Bank IPO Subscription Status 2.86x times Day 3.

What is the Tamilnad Mercantile Bank IPO retail subscription Status?
Tamilnad Mercantile Bank IPO Retail Subscription 6.48x times Day 3.

How much is the Tamilnad Mercantile Bank IPO QIB subscription Status?
The Tamilnad Mercantile Bank IPO QIB subscription 1.62x times Day 3.

How much did Tamilnad Mercantile Bank IPO NII subscribe?
Tamilnad Mercantile Bank IPO NII Subscription 2.94x times Day 3.

What is Tamilnad Mercantile Bank IPO Allotment Date?
Tamilnad Mercantile Bank IPO allotment date is 12 September 2022.

What is Tamilnad Mercantile Bank IPO Listing Date?
Tamilnad Mercantile Bank IPO listing date is 15 September 2022. The IPO to list on BSE and NSE.

How to Apply the Tamilnad Mercantile Bank IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Tamilnad Mercantile Bank IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.

How to Apply the Tamilnad Mercantile Bank IPO through Upstox?
Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Tamilnad Mercantile Bank IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.

How to Apply the Tamilnad Mercantile Bank IPO through Groww?
Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Tamilnad Mercantile Bank IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.

How to Apply the Tamilnad Mercantile Bank IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “Tamilnad Mercantile Bank IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.

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 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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Tamilnad Mercantile Bank IPO Subscription Status {Live Update 2022}
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