Tamilnad Mercantile Bank Limited IPO is continuously in the headlines and getting attention among investors. If you are planning to invest in the latest 2022 IPO then it may be a good choice. Tamilnad Mercantile Bank Limited has been founded in 1921 as Nadar Bank Limited. But later after a few years, they have changed the name to Tamilnad Mercantile Bank Limited in 1962. Even the bank got a license from the Reserve Bank of India (RBI). Now Bank planning to raise up to Rs 1000 crores through this Initial Public Offer.
Tamilnad Mercantile Bank Limited IPO issue size is a very important and major detail. It helps you to decide that should you invest or not. On the basis of details, Tamilnad Mercantile Bank Limited is going to raise up to Rs 1000 crores through this IPO. Most probably the funds will be used in the growth of the bank which also benefits shareholders in form of returns over investment.
Tamilnad Mercantile Bank Limited (TMB) IPO Date
The Tamilnad Mercantile Bank Limited IPO will be open in 2022. However, the exact opening date is yet to come. It will be confirmed only when there any official statement comes. According to us, IPO will probably open in February 2022.
We are also excited to know the opening date of this initial public offer. There are many people who are waiting for it. When the IPO open date comes to our knowledge then you will find it here with more other dates such as listing, allotment, refund and closing.
Tamilnad Mercantile Bank Limited (TMB) IPO Price Band
Moving towards the Tamilnad Mercantile Bank Limited IPO Price Band. Currently, the price band is yet to come. However, according to us, it will come very soon. The offer for sale in this IPO is 12,505 equity shares by promoters. While the fresh issue includes 1,58,27,495 Equity Shares.
Tamilnad Mercantile Bank Limited (TMB) IPO Market Lot
If you are looking for the market lot then we want to tell you that you going to see the detail in this article. Currently, the Market Lot of this IPO is not available. It will come only after the IPO opening date comes into the market. It will be shared by the company in the upcoming few days.
Tamilnad Mercantile Bank Limited (TMB) IPO GMP
Grey Market Premium (GMP) is the one of important details. Yes, it is because the GMP of any IPO shows how much demand will come for the IPO. Also, it shows how much price is available in grey market premium. Current the grey market price is not available here and it will be added later.
Discussing the Tamilnad Mercantile Bank Limited IPO listing. Then we want to tell you that the shares will be listed on SME and BSE. You will see that the listing will be take place in year 2022. You can apply for this IPO through various platforms such as Zerodha, Upstox, 5Paisa, and Angelone. If you want to know the details briefly and get more information then you need to bookmark this website.