What are the open and close dates of the Tamilnad Mercantile Bank Limited ?

Tamilnad Mercantile Bank Limited will be open between 2022-09-05 and 2022-09-07.

What is the allotment date for the Tamilnad Mercantile Bank Limited ?

Tamilnad Mercantile Bank Limited allotment date is 2022-09-12. For Tamilnad Mercantile Bank Limited allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Tamilnad Mercantile Bank Limited ?

For Tamilnad Mercantile Bank Limited, the IPO registrar is Link Intime India Private Limited. You can check Tamilnad Mercantile Bank Limited allotment status on the website of the registrar.

Where is the Tamilnad Mercantile Bank Limited getting listed?

The shares are proposed to be listed on the BSE and NSE.

When will Tamilnad Mercantile Bank Limited shares be credited to your demat account?

The Tamilnad Mercantile Bank Limited shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.

What is the lot size and minimum order quantity of the Tamilnad Mercantile Bank Limited ?

The Tamilnad Mercantile Bank Limited lot size is 28 and minimum order quantity is 28.

What is the price band for the Tamilnad Mercantile Bank Limited ?

Tamilnad Mercantile Bank Limited has set the price band for its IPO at 525 per equity share with a face value of 10.

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IPO

Tamilnad Mercantile Bank Limited

listed

₹14,000Min. investment

Bid start
5 Sep
Bid end
7 Sep
Allotment
7 Sep
Release of funds
13 Sep
Demat transfer
12 Sep
Listing
15 Sep

IPO Details

Issue size

₹832Cr

IPO type

Mainboard

Price range

₹500 – ₹525

Lot size

28 shares

RHP/DRHP

Read

Price range₹500 – ₹525

IPO type

Regular

Lot size28 shares

Issue size₹832Cr

RHP/DRHP

Read

Frequently asked questions

How to invest in the Tamilnad Mercantile Bank Limited ?

Investors can apply for the Tamilnad Mercantile Bank Limited through their Demat account via the stock exchange or through their broker.

What is the issue size of Tamilnad Mercantile Bank Limited ?

The issue size of the Tamilnad Mercantile Bank Limited is 832 Cr.

What is 'pre-apply' for Tamilnad Mercantile Bank Limited ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Tamilnad Mercantile Bank Limited shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.