Tamilnad Mercantile Bank Ltd. IPO

Listed Listed stocks

IPO Details

  • 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

About The Company

No data found. Please visit the stock details page to know more about the company.

Subscription Status

  • Category

    Status

  • QIBs

    --

  • NIIs

    --

  • Retail

    --

  • Others

    --

  • Total

    2.9x

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FAQs for Tamilnad Mercantile Bank Ltd..

The issue size of Tamilnad Mercantile Bank Ltd. is ₹792.00 Cr.

Tamilnad Mercantile Bank Ltd. falls into Banks industry.

The Tamilnad Mercantile Bank Ltd. IPO will be listed on both NSE and BSE.

The open and close dates for the Tamilnad Mercantile Bank Ltd. are 05-Sep-2022 & 07-Sep-2022.

The price band for the Tamilnad Mercantile Bank Ltd. ipo is ₹500 to ₹525

The listing date of Tamilnad Mercantile Bank Ltd. 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 Bank Ltd. total subscription ratio is 2.9X.