Tamilnad Mercantile Bank IPO

Tamilnad Mercantile Bank is one of the oldest private sector banks in India Incorporated in the year 1921

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TMB Bank offers banking and financial services to retail customers, micro, small, and medium enterprises etc

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TMB has a strong portfolio of advances and deposits

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From diversified customer base including retail customers, agricultural customers, and MSMEs

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Tamilnad Mercantile Bank IPO Dates

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Tamilnad Mercantile Bank IPO Dates Opens on - Sep 5, 2022 Closes on - Sep 7, 2022

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Tamilnad Mercantile Bank IPO Isuue Size and Type Isuue Size - 15,840,000 shares Isuue Type - Book Built Issue IPO

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Tamilnad Mercantile Bank IPO Listing - NSE and BSE

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Tamilnad Mercantile Bank IPO Face Value - ₹10 per share

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Tamilnad Mercantile Bank IPO Issue Price - Rs.500 to Rs.525 per share

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Tamilnad Mercantile Bank IPO Lot Size - 28 Shares

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Tamilnad Mercantile Bank IPO offer for Sale - 15,840,000 shares of ₹10 aggregating up to ₹831.60 Cr ( 158400000 shares @ Rs.525 = ₹831.60 Cr )

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