Tamilnad Mercantile Bank IPO Subscription Status Today {Live}
Written by Lucky Wilson | KGTO Writer on September 5, 2022
Tamilnad Mercantile Bank IPO subscription status will start on Monday, September 5, 2022 and will close on September 7, 2022. Tamilnad Mercantile Bank (TMB) is a private bank and one of the oldest banks in the private sectors banks in India. TMB was incorporated in 1921 and headquartered in Thoothukudi, Tamil Nadu, India. The bank has a long-term track record with over 100 years of working history. The company reported revenues of ₹4,656 crores in 2022 against revenues of ₹4,253 crores in 2021. The company’s financial report looks strong and profit is also look strong. Please check the Tamilnad Mercantile Bank IPO subscription status details over here.
IPOWatch View:
We recommend investors may apply an IPO with long-term view. Investors should also look at the Retail and HNI numbers before investing. You can check the Tamilnad Mercantile Bank IPO allotment status here.
Tamilnad Mercantile Bank IPO Subscription Status (Live Update – Day 1)
Last Updated – 9:00
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.00 | – | – |
| NII | 0.00 | – | – |
| RII | 0.00 | – | – |
| Total | 0.00 | – | – |
Tamilnad Mercantile Bank IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Tamilnad Mercantile Bank IPO Review (Good or Bad)
Brokerage Firm IPO Review
- Ajcon Global: Apply
- Capital Market: Neutral
- Axis Bank: Not Rated
- KR Choksey: Neutral
- Canara Bank: May Apply
- ICICI Direct: May Apply
- Jainam Broking: May Apply
- Nirmal Bang: May Apply
- Religare Broking: May Apply
Tamilnad Mercantile Bank IPO Date & Price Band Details
| Tamilnad Mercantile Bank IPO Open: | September 5, 2022 |
| Tamilnad Mercantile Bank IPO Close: | September 7, 2022 |
| Tamilnad Mercantile Bank IPO Size: | Approx ₹831.60 Crores |
| Fresh Issue: | Approx ₹831.60 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| Tamilnad Mercantile Bank IPO Price Band: | ₹500 to ₹525 Per Share |
| Tamilnad Mercantile Bank IPO Listing on: | BSE & NSE |
| Retail Quota: | 10% |
| QIB Quota: | 75% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Tamilnad Mercantile Bank IPO Market Lot
The Tamilnad Mercantile Bank IPO minimum market lot is 28 shares with ₹14,700 application amount. The retail investors can apply up-to 13 lots with 364 shares or ₹191,100 amount.
| Minimum Lot Size: | Minimum 28 Shares for 1 lot |
| Minimum Amount: | ₹14,700 for 1 lot |
| Maximum Lot Size: | Maximum 364 Shares for 13 lot |
| Maximum Amount: | ₹191,100 for 13 lot |
Tamilnad Mercantile Bank IPO Subscription Dates
The Tamilnad Mercantile Bank IPO date is September 5 and the close date is September 7. The Tamilnad Mercantile Bank IPO allotment will be finalized on September 23 and the IPO listing on September 26.
| Price Band Announcement: | September 1, 2022 |
| Anchor Investors Allotment: | September 2, 2022 |
| Tamilnad Mercantile Bank IPO Open Date: | September 5, 2022 |
| Tamilnad Mercantile Bank IPO Close Date: | September 7, 2022 |
| Basis of Allotment: | September 12, 2022 |
| Refunds: | September 13, 2022 |
| Credit to Demat Account: | September 14, 2022 |
| Tamilnad Mercantile Bank IPO Listing Date: | September 15, 2022 |
Tamilnad Mercantile Bank IPO Form
How to apply for the Tamilnad Mercantile Bank IPO? You can apply for Tamilnad Mercantile Bank IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Tamilnad Mercantile Bank IPO in the Invest section. The other option is you can apply for Tamilnad Mercantile Bank IPO via IPO forms downloaded via NSE and BSE. Check out the Tamilnad Mercantile Bank forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
Tamilnad Mercantile Bank IPO Subscription Status FAQs:
When Tamilnad Mercantile Bank IPO Subscription will start?
The IPO subscription starts on September 5, 2022 for NII, and Retail Investors.
How to subscribe Tamilnad Mercantile Bank IPO?
You can go with ASBA and Non-ASBA options for a subscription. Go to your bank account and apply for IPO online via ASBA or download the form online or get the physical form and submit the filled form to your broker or bank.
How do I check live Tamilnad Mercantile Bank IPO Subscription Numbers Today?
One can visit our portal for live IPO subscription numbers that we are updating hourly basis from the official websites. One can check the live subscription on official websites on the particular IPO page.
How to Apply the Tamilnad Mercantile Bank IPO through Zerodha?
How to Apply the Tamilnad Mercantile Bank IPO through Upstox?
How to Apply the Tamilnad Mercantile Bank IPO through Paytm Money?
What is the Tamilnad Mercantile Bank IPO Allotment Date?
Tamilnad Mercantile Bank IPO allotment date is September 12, 2022.
What is the Tamilnad Mercantile Bank IPO Listing Date?
Tamilnad Mercantile Bank IPO listing date is September 15, 2022. The IPO is to list on BSE and NSE.
Follow correct success ipo for the upcoming IPO news and their reviews, also keep following us on Twitter, Facebook, and Instagram. For our latest videos, subscribe to our YouTube channel.
To know more about latest IPO gmp please visit correctsuccess.com
