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Bidding Date
05-Sep-2022 to
07-Sep-2022
Issue Size
₹792 Cr
Price Band
₹500 to ₹525
Allotment date
12-Sep-2022
Listing date
15-Sep-2022
Lot size
28
No. of shares
1,58,40,000
Fresh issue/OFS
₹830.94 Cr/₹0.66 Cr
No data found. Please visit the stock details page to know more about the company.
Category
Status
QIBs
--
NIIs
--
Retail
--
Others
--
Total
2.9x
| Name | Price Band (Rs) | Bidding Date |
|---|---|---|
| Novus Loyalty | 139 - 146 | 17-Mar-2026 to 20-Mar-2026 |
| Powerica | 375 - 395 | 24-Mar-2026 to 27-Mar-2026 |
| Sai Parenteral’s | 372 - 392 | 24-Mar-2026 to 27-Mar-2026 |
| TIPCO Engineering India | 84 - 89 | 23-Mar-2026 to 25-Mar-2026 |
The issue size of Tamilnad Mercantile is ₹792.00 Cr.
Tamilnad Mercantile falls into Banks industry.
The Tamilnad Mercantile IPO will be listed on both NSE and BSE.
The open and close dates for the Tamilnad Mercantile are 05-Sep-2022 & 07-Sep-2022.
The price band for the Tamilnad Mercantile ipo is ₹500 to ₹525
The listing date of Tamilnad Mercantile IPO is 15-Sep-2022.
The purpose of this IPO is to raise fresh capital as well as enable the existing shareholders to sell their stake.
Tamilnad Mercantile total subscription ratio is 2.9X.
Key financial of the Tamilnad Mercantile are:
| Tamilnad Mercantile | FY-22 | FY-21 | FY-20 |
|---|---|---|---|
| Revenue (₹ Cr) | 3833.86 | 3609.05 | 3466.11 |
| EBIT (₹ Cr) | 279.17 | 125.45 | 28.4 |
| Proft after Tax (₹ Cr) | 821.91 | 603.33 | 407.69 |
| Debt (₹ Cr) | 0 | 0 | 324 |
| Net Worth (₹ Cr) | 5335.71 | 4579.98 | 3979.65 |
| RoE (%) | 15.4 | 13.17 | 10.24 |
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