Tamilnad Mercantile Bank Limited
Book Built Issue IPO · NSE, BSE
- Price band
- ₹525 - ₹525
- Lot size
- 28 shares
- Issue amount
- ₹807.84 cr
- Total subscription
- 2.86×
- Opens
- 5 Sept 2022
- Closes
- 7 Sept 2022
- Allotment
- 12 Sept 2022
- Listing
- 15 Sept 2022
Offer at a glance
Issue overview
- Issue size
- 1,58,40,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹14,700
- Fresh issue
- ₹807.84 cr
- Offer for sale
- ₹0 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,700
- Issue type
- Book Built Issue IPO
- Shares before issue
- 14,25,11,454
- Shares after issue
- 15,83,51,454
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 28 | ₹14,700 |
| sHNI | 15 | 420 | ₹2,14,200 |
| bHNI | 71 | 1,988 | ₹10,13,880 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 249.48 | 403.54 |
| RETAIL | 83.16 | 538.8 |
| NIB | 124.74 | 366.97 |
| HNIs 2+ | 41.58 | 109.2 |
| HNIs 10+ | 83.16 | 257.77 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Company information
Company profile
Tamilnad Mercantile Bank (TMB), established in 1921, is one of India’s oldest private sector banks offering a wide range of banking and financial services to retail customers, farmers, and MSMEs. With a strong mix of deposits and loans, the bank serves a diversified customer base. As of March 31, 2022, TMB operates 509 branches and caters to 5.08 million customers, with a major footprint in Tamil Nadu through 369 branches, along with its presence across 15 other states and 4 union territories.
Strengths
- Long Track Record: Nearly 100 years of trusted operations.
- Strong Regional Presence: Well-established in Tamil Nadu with ongoing expansion in key markets.
- Diverse Customer Base: Serves retail, MSMEs, and agricultural clients with strong loyalty.
- Growing Deposits: Steady increase in low-cost retail CASA deposits.
- Proven Performance: Demonstrates consistent and reliable financial results.
Promoters
Shri M.V. Shanmugavel Nadar
Shri T.V. Balagurusamy Nadar
Registrar & documents
Lead manager
Axis Capital Limited, Motilal Oswal Investment Advisors Limited, SBI Capital Markets Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
No. 57, Victoria Extension Road Thoothukudi – 628 002,
+91 461 2325136
[email protected]Company website ↗Understanding TMB IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.