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Tamilnad Mercantile Bank IPO listing price is ₹ 508.45, issue price is [●], and currently trading at ₹ 448.40 as on May 30, 2025. Tamilnad Mercantile Bank IPO performance is show below with latest CAGR.
*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.
*Stock splits/Reverse Stock Split are adjusted in Issue price while calculating CAGR and current performance.
Tamilnad Mercantile Bank IPO is a Book Building listing on BSE,NSE exchange. 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 [●].
Tamilnad Mercantile Bank IPO offer price is ₹ 510.00 and got listed at ₹ 508.45. Read Tamilnad Mercantile Bank IPO details mentioned above.The IPO of Tamilnad Mercantile Bank Limited was listed on 15th September 2022. As of today, Tamilnad Mercantile Bank IPO is trading at ₹ 448.40, compared to the previous day’s close of ₹ 448.20. Read the report above for detailed IPO performance.
The issue price of Tamilnad Mercantile Bank IPO was [●] per equity share.
Tamilnad Mercantile Bank IPO was listed at ₹508.45 on the stock exchange on 15th September 2022. The listing price is the price at which the shares started trading on the stock exchange after the IPO was completed.
As of May 30, 2025, the current market price of Tamilnad Mercantile Bank IPO is ₹ 448.40.
The 52-week high for Tamilnad Mercantile Bank IPO is ₹ 513.55, while the 52-week low is ₹ 401.00. These figures reflect the stock’s highest and lowest trading prices in the past one year from the current date.
The Tamilnad Mercantile Bank IPO listed at ₹ 508.45 against the issue price of [●] per equity share, showing a listing day gain/loss of -1.55 (-0.30%) , calculated by comparing the listing price to the issue price on the first day of trading.
The Tamilnad Mercantile Bank IPO stock moved from its listing price of ₹ 508.45 to the current price of ₹448.40 per equity share, reflecting a change of -11.81% per share, calculated by subtracting the listing price from the current market price (CMP) as of today.
Based on Tamilnad Mercantile Bank IPO issue date of May 30, 2025 and CMP of ₹448.40, the estimated CAGR is approximately -4.64%.
*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.
*Stock splits/Reverse Stock Split are adjusted in Issue price while calculating CAGR and current performance.
Face
Value :
₹ 10
Issue
Price :
[●]
Listing Price :
₹ 508.45
Previous Day Closing
₹ 448.20
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 448.40.
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