Tamilnad Mercantile Bank (TMB) Incorporated in 1921, TMB is one of the oldest private sector banks in India. It offers an array of banking and financial services to retail customers, micro, small, and medium enterprises (MSMEs), and more. TMB has a strong portfolio of advances and deposits from a diversified customer base including retail customers, agricultural customers, and MSMEs.
As of March 31, 2022, the bank has a strong branch network of 509 branches and a total customer base of 5.08 million. TMB has a significant market presence in the state of Tamil Nadu with 369 branches, and is also present in 15 other states and 4 union territories of India.
Tamilnad Mercantile Bank Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 05 Sep 2022 |
| IPO Close Date | 07 Sep 2022 |
| Allotment Date | 13 Sep 2022 |
| IPO Listing Date | 15 Sep 2022 |
Tamilnad Mercantile Bank Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 10 Per Equity Share |
| IPO Price | Rs. 500 to Rs. 525 Per Equity Share |
| Market Lot | 28 Share |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 832 Crore. |
Tamilnad Mercantile Bank Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 28 | Rs. 14700 |
| Maximum | 13 | 364 | Rs. 191100 |
Tamilnad Mercantile Bank Limited IPO Allotment Status
Click Here To Check IPO Allotment Status Tamilnad Mercantile Bank Limited
Click Here To Get ASBA Forms Tamilnad Mercantile Bank Limited
Company Financials:
| Particular | 31 March 2022 | 31 March 2021 | 31 March 2020 |
| Total Assets | 52858.49 | 47527.17 | 42758.80 |
| Total Revenue | 4656.44 | 4253.40 | 3992.52 |
| Profit After Tax | 901.90 | 654.04 | 464.89 |
Company Promoters:
TMB is a professionally managed bank and does not have an identifiable promoters.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| Tamilnad Mercantile Bank Limited No. 57, Victoria Extension Road Thoothukudi – 628 002, Phone: +91 461 2325136 Email: secretarial@tmbank.in Website: http://www.tmb.in/ | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: dreamfolks.ipo@linkintime.co.in Website: https://linkintime.co.in/ |
