Tamilnad Mercantile IPO

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Tamilnad Mercantile IPO Details

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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