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Tamilnad Mercantile Bank IPO is a Book Building IPO listing on BSE,NSE exchange, with an ipo size of ₹ 807.84 Cr. The company is based in Thoothukudi and caters to Banking And Finance sector. Axis Capital , Motilal Oswal Investment Advisors , SBI Capital Markets are the merchant bankers of Tamilnad Mercantile Bank IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 4th September 2021.
Tamilnad Mercantile Bank IPO open date is 5th September 2022 and close date is 7th September 2022. IPO Allotment Date is 7th September 2022 and Listing date is 15th September 2022.
IPO
Size:
₹ 807.84 Cr.
Avg IPO Size (Sector Based)
: ₹
1,777.43 cr.
Sector: Banking And Finance
IPO so far:
79
Merchant Banker:
Axis Capital
IPO by BRLM so far:
161
City:
Thoothukudi
IPO so far:
1
Revenue (annualised):
₹
4656.44
cr. 
PE
Ratio:
9.22x
Average Sector PE Ratio: 20.56x
Tamilnad Mercantile Bank IPO size is ₹ 807.84 Cr. with IPO price of ₹ 510.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Axis Capital Limited is the book-running lead manager of the Tamilnad Mercantile Bank IPO. Link Intime India Private Limited is the Registrar for Tamilnad Mercantile Bank IPO.
Tamilnad Mercantile Bank IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
Tamilnad Mercantile Bank IPO, based in Thoothukudi, operates in the Banking And Finance sector with a focus on bank. The company is launching its MainBoard IPO on the BSE,NSE exchange, using the Book Building Issue method. Tamilnad Mercantile Bank IPO size is ₹ 807.84 Cr. with fresh issue size of ₹ 807.84 Cr. and Offer for sale being ₹ Nil
The IPO allotment date for Tamilnad Mercantile Bank IPO is expected to be 7th September 2022, after the finalization of basis of allotment. Investors can check Tamilnad Mercantile Bank IPO allotment status on the registrars website, Link Intime India Private Limited . Tamilnad Mercantile Bank IPO refund dates are 13th September 2022.
Tamilnad Mercantile Bank IPO is expected to be listed on 15th September 2022.
The upper price band for the Tamilnad Mercantile Bank IPO is set at ₹ 510.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on Tamilnad Mercantile Bank IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the Tamilnad Mercantile Bank IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 7th September 2022. After submission, funds are blocked until the basis of allotment of Tamilnad Mercantile Bank IPO is finalised.
The merchant banker for Tamilnad Mercantile Bank IPO is Axis Capital Limited , Motilal Oswal Investment Advisors Limited , SBI Capital Markets Limited . Axis Capital Limited , Motilal Oswal Investment Advisors Limited , SBI Capital Markets Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the Tamilnad Mercantile Bank IPO RHP for further details.
The registrar for Tamilnad Mercantile Bank IPO is Link Intime India Private Limited . Investors can go to Link Intime India Private Limited registrar website for IPO allotment status, refund processing, and other queries related to Tamilnad Mercantile Bank IPO through their official website or helpline.
Tamilnad Mercantile Bank IPO was subscribed 2.86 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 807.84 Cr.
Avg IPO Size (Sector Based)
:
₹ 1,777.43 Cr.
Sector: Banking And Finance
IPO so far:
79
Merchant Banker:
Axis Capital
IPO by BRLM so far:
161
City:
Thoothukudi
IPO so far:
1
Revenue (annualised):
₹ 4,656.43 cr.
PE
Ratio:
9.22x
Average Sector PE Ratio: 20.56x
Tamilnad Mercantile Bank IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Tamilnad Mercantile Bank Financial Review Page
Merchant Banker(s) of Tamilnad Mercantile Bank IPO: Axis Capital Limited , Motilal Oswal Investment Advisors Limited , SBI Capital Markets Limited
Tamilnad Mercantile Bank IPO subscription was 2.86 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Tamilnad Mercantile Bank IPO listed at a listing price of 508.45 against the offer price of 510.00.
The current market price of Tamilnad Mercantile Bank is 456.00.
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