Tamilnad Mercantile Bank Limited

Tamilnad Mercantile Bank IPO

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

ParticularDate
IPO Open Date05 Sep 2022
IPO Close Date07 Sep 2022
Allotment Date13 Sep 2022
IPO Listing Date15 Sep 2022

Tamilnad Mercantile Bank Limited IPO Details

Issue TypeBook Built Issue IPO
Face ValueRs. 10 Per Equity Share
IPO PriceRs. 500 to Rs. 525 Per Equity Share
Market Lot28 Share
ISIN Code
Listing AtNSE & BSE
Issue SizeApprox. Rs. 832 Crore.

Tamilnad Mercantile Bank Limited IPO Lot Size

ApplicationLotsSharesAmount
Minimum128Rs. 14700
Maximum13364Rs. 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:

Particular31 March 202231 March 202131 March 2020
Total Assets52858.4947527.1742758.80
Total Revenue4656.444253.403992.52
Profit After Tax901.90654.04464.89

Company Promoters:

TMB is a professionally managed bank and does not have an identifiable promoters.

Registrar & Company Details

Company Contact InformationIPO 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/
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Phone: +91-22-4918 6270
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