Tamilnad Mercantile IPO allotment status will be done on 12 September 2022, and investors whose bids are not completed, their money will be refunded on 15 September 2022. Let us tell you that Tamilnad Mercantile IPO got a good subscription from investors. 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. The company have reserved the quota 50% NII And 50% Retail Investors. Tamilnad Mercantile IPO Subscription to all Got good subscription in the category.
It will be very difficult to get an allotment in Tamilnad Mercantile according to the subscription number. To Check Tamilnad Mercantile IPO Allotment investors can check their Tamilnad Mercantile IPO Allotment Status online on the BSE website, IPO Registrar Linkintime Pvt Ltd website or they can also check it through their bank account and Demat login.
Here are 4 steps from where Tamilnad Mercantile IPO allotment status can be checked online and offline. To know the allotment status we will update here so that you can know your allotment status. Check Tamilnad Mercantile IPO GMP Here.
Check Tamilnad IPO Allotment Status :
The Tamilnad Mercantile IPO allotment status can be checked by the investors who have subscribed for the IPO by visiting the official website of BSE and Linkintime Pvt Ltd, the registrar to the issue.
Step 1: How to check Tamilnad Mercantile IPO Allotment Status on BSE?
- Visit the official website of BSE by cTamilnad Mercantileking on the link- https://www.bseindia.com/investors/appli_check.aspx
- Select the ‘Equity’ option and then from the dropdown, Select issue name “Tamilnad Mercantile”.
- Enter your application number and PAN card number next.
- Click on the “Search” button.
- you can see your Tamilnad Mercantile IPO Allotment status report.
Step 2: How to check Tamilnad Mercantile IPO Allotment Status on Linkintime Pvt Ltd?
- Visit the Linkintime IPO allotment link – https://linkintime.co.in/IPO/public-issues.html
- Select IPO Name ‘Tamilnad Mercantile’ from the drop-down menu bar.
- Select Option from PAN Number, Tamilnad Mercantile Number, or DP ID Option
- As per selection add PAN Number, Tamilnad Mercantile Number, or Demat Account Number.
- Enter the six-digit Captcha.
- Click on the ‘Search’ Button
- You will able to see your Tamilnad Mercantile IPO Allotment status report.
Step 3: How to check Tamilnad Mercantile IPO Allotment in Demat Account?
- Login to Your Demat Account / Trading Account.
- Check the stock is credited to your account or not.
- If you got the allotment the credited shares will appear in the Demat account.
Step 4: How to check Tamilnad Mercantile IPO Allotment in Bank Account?
- Login to your Bank Account from which you applied the Tamilnad Mercantile IPO.
- Check your Amount Balance.
- If you got the allotment the Amount will be Debited.
- If you did not get the allotment the Amount will be released to your bank account.
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)
| Category | Day 1 | Day 2 | Day 3 |
| QIB : | 0.73x | 0.98x | 1.62x |
| NII : | 0.58x | 1.27x | 2.94x |
| RII : | 1.53x | 3.61x | 6.48x |
| EMP : | 0.0x | 0.0x | 0.0x |
| Total : | 0.83x | 1.53x | 2.86x |
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 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 IPO Allotment Status FAQs :
When is Tamilnad Mercantile IPO Allotment expected?
The Tamilnad Mercantile IPO Allotment status will be available on 12 September 2022.
What will be Tamilnad Mercantile IPO Refund Date?
The Tamilnad Mercantile IPO refund date is 13 September 2022.
When will Tamilnad Mercantile IPO get listed?
Tamilnad Mercantile IPO listing date is 15 September 2022. The IPO to list on BSE and NSE.
What is the expected listing price of the Tamilnad Mercantile IPO?
The expected listing price of Tamilnad Mercantile IPO depends on Market Sentiment & many factors So the actual listing price is difficult to guess.
What is the chance to get the Tamilnad Mercantile IPO Allotment?
The chance to get the Tamilnad Mercantile IPO Allotment is very hard. the expected ratio is 6:1 per application on the retail category.
Where to Find Tamilnad Mercantile IPO Allotment status Link?
Tamilnad Mercantile IPO Allotment status link is Check IPOBAZAR Allotment Status Page.
Disclaimer: STOCK MARKET INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY BEFORE INVESTING.