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Tamilnad Mercantile Bank (TMB), founded in 1921, is one of oldest private bank’s in India. It provides a wide range of banking and financial services to individual consumers, as well as micro, small, and medium companies (MSMEs) and others. TMB has a robust portfolio of advances and deposits from a diverse client base that includes retail, agricultural, and MSMEs.
The bank has a robust branch network of 509 branches and a total client base of 5.08 million as of March 31, 2022. TMB has a strong market presence in Tamil Nadu, with 369 offices, and is also active in 15 other Indian states and four union territories.
Tamilnad Mercantile Bank IPO Date | Sep 5, 2022 to Sep 7, 2022 |
Tamilnad Mercantile Bank IPO Face Value | ₹10 per share |
Tamilnad Mercantile Bank IPO Price | ₹500 to ₹525 per share |
Tamilnad Mercantile Bank IPO Lot Size | 28 Shares |
Issue Size | 15,840,000 shares of ₹10 (aggregating up to ₹831.60 Cr) |
Fresh Issue | 15,840,000 shares of ₹10 (aggregating up to ₹[.] Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
QIB Shares Offered | Not less than 75% of the Net Offer |
NII (HNI) Shares Offered | Not more than 15% of the Net Offer |
Retail Shares Offered | Not more than 10% of the Net Offer |
Company Promoters | TMB is a professionally managed bank and does not have an identifiable promoters. |
Period Ended | Total Assets | Total Revenue | Profit After Tax |
31-Mar-20 | 42758.8 | 3992.53 | 464.89 |
31-Mar-21 | 47527.17 | 4253.4 | 654.04 |
31-Mar-22 | 52858.49 | 4656.44 | 901.9 |
Amount in ₹ Crore | |||
Period Ended | Net Worth | Reserves and Surplus |
31-Mar-20 | 3979.65 | 3837.14 |
31-Mar-21 | 4579.98 | 4437.47 |
31-Mar-22 | 5335.71 | 5193.2 |
Amount in ₹ Crore | ||
FY2019 | FY2020 | |
EPS | 18.14 | 28.61 |
PE ratio | – | – |
RONW (%) | 7.15 | 10.24 |
ROE (%) | 7.36 | 10.73 |
Net NPA (%) | 2.40 | 1.80 |
NAV | 253.89 | 279.25 |
FY2021 | FY2022 | |
EPS | 42.34 | 57.67 |
PE ratio | – | 8.67 – 9.10 |
RONW (%) | 13.17 | 15.40 |
ROE (%) | 14.10 | 10.73 |
Net NPA (%) | 1.98 | 1.80 |
NAV | 321.38 | 374.41 |
Listed On : BSE NSE
Issue Price : ₹500 to ₹525 per share
Listing Day Close : NA
Listing Day Gain : NA
NSE : NA
ISIN CODE : INE668A01016
BSE : NA
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Tamilnad Mercantile Bank IPO Opening Date | Sep 5, 2022 |
Tamilnad Mercantile Bank IPO Closing Date | Sep 7, 2022 |
Basis of Allotment | Sep 12, 2022 |
Initiation of Refunds | Sep 13, 2022 |
Credit of Shares to Demat | Sep 14, 2022 |
Tamilnad Mercantile Bank IPO Listing Date | Sep 15, 2022 |
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: tmb.ipo@linkintime.co.in
Website: https://linkintime.co.in/
The Tamilnad Mercantile Bank IPO is a BSE, NSE IPO of ₹500 to ₹525 per equity share with a face value of 10 per equity share.
The issue size is priced at 15,840,000 shares of ₹10 (aggregating up to ₹831.60 Cr).
The fresh issue size priced at 15,840,000 shares of ₹10 (aggregating up to ₹831.60 Cr).
The initial public offering (IPO) begins on Sep 5, 2022 and ends on Sep 7, 2022.
The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE and NSE.
The Tamilnad Mercantile Bank IPO opens on Sep 5, 2022 and closes on Sep 7, 2022. The IPO Issue date may list on Sep 15, 2022.
Tamilnad Mercantile Bank IPO Market lot size is 28 Shares and the minimum order quantity is 28 Shares.
The finalisation of Basis of Allotment for Tamilnad Mercantile Bank IPO will be done on Sep 12, 2022. and the allotted shares will be credited to your demat account by Sep 14, 2022. Check the Tamilnad Mercantile Bank IPO status.
The Tamilnad Mercantile Bank IPO listing date is on Sep 15, 2022.
Tamilnad Mercantile Bank IPO applications can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
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