Tamilnad Mercantile Bank is one of the oldest private sector banks in India Incorporated in the year 1921.TMB Bank offers banking and financial services to retail customers, micro, small, and medium enterprises etc. As of March 31, 2022, the bank has a strong branch network of 509 branches and a total customer base of 5.08 million. TMB has a strong portfolio of advances and deposits from diversified customer base including retail customers, agricultural customers, and MSMEs . TMB has a market presence in the state of Tamil Nadu with 369 branches, along with in 15 other states and 4 union territories of India.
Tamilnad Mercantile Bank IPO Dates
Tamilnad Mercantile Bank IPO Isuue Opens - Sep 5, 2022 to Sep 7, 2022
Tamilnad Mercantile Bank IPO has Isuue Size of 15,840,000 shares and Book Built Issue IPO Isuue Type
Tamilnad Mercantile Bank IPO Listing in both NSE and BSE
Tamilnad Mercantile Bank IPO Face Value - Rs.10 per share
Tamilnad Mercantile Bank IPO Issue Price - Rs.500 to Rs.525 per share
Tamilnad Mercantile Bank IPO Lot Size - 28 Shares
Tamilnad Mercantile Bank IPO offer for Sale - 15,840,000 shares of Rs.10 aggregating up to ₹831.60 Cr ( 158400000 shares @ Rs.525 = ₹831.60 Cr )