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Open
5 Sep 2022
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Close
7 Sep 2022
3
Allotment
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Listing
Thu, Sep 15, 2022
Price Band
₹500 to ₹525
Issue Size
1,58,40,000 shares (agg. up to ₹808 Cr)
Lot Size
28 Shares
Listing Date
Thu, Sep 15, 2022
Latest GMP
₹14
Est. Gain
2.67%
✦ AI Insight
GMP Trend
15-09-2022₹14Est. ₹539+2.67%
14-09-2022₹12Est. ₹537+2.29%
12-09-2022₹5Est. ₹530+1.05%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.98x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|
| Assets | 52,858.49 | 47,527.17 | 42,758.80 |
| Total Income | 4,656.44 | 4,253.40 | 3,992.53 |
| Profit After Tax | 901.90 | 654.04 | 464.89 |
| NET Worth | 5,335.71 | 4,579.98 | 3,979.65 |
| Reserves and Surplus | 5,193.20 | 4,437.47 | 3,837.14 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Augmenting its Tier-I capital base tomeet its future capital requirements | 765.01 |
| Total | 765.01 |
About Tamilnad Mercantile Bank IPO
Updated on Aug 5, 2026
Contact Details
Tamilnad Mercantile Bank Ltd. AddressNo.57, Victoria Extension RoadThoothukudiThoothukudi, Tamil Nadu, 628002+91 461 2325136secretarial@tmbank.inVisit Website