Tamilnad Mercantile Bank Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

05 Sep 2022

Close Date

07 Sep 2022

Allotment

12 Sep 2022

Listing Date

15 Sep 2022

Exchange

NSE & BSE

Price Band

₹510

Listing Price

See chart

Allotment Status

Check Now →

Price Band

₹510

Per share

Face Value

₹10 per share

Lot Size

28 Shares

per lot

Issue Size

1,58,40,000 shares (aggregating up to ₹807.84 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹14,280

1 lot

Pre-IPO Holding

14,25,11,454 shares

Promoters

Post-IPO Holding

15,83,51,454 shares

Promoters

P/E (Pre)

9.22x

UPI Deadline

2022-09-07

Mandate

Anchor AllotmentFri, 02 Sep 2022

Basis of AllotmentMon, 12 Sep 2022

Refund InitiationTue, 13 Sep 2022

Demat CreditWed, 14 Sep 2022

Listing DayThu, 15 Sep 2022

UPI Mandate Deadline2022-09-07

Sale TypeFresh Capital

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Tamilnad Mercantile Bank Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 07 Sep 2022.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	15,840,000	100%	₹807.84

IPO Shares Offered

Tamilnad Mercantile Bank Ltd. IPO total issue size: ₹807.84 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Total	15,840,000	₹807.84	100.00%

* Based on upper price band ₹510 per share

Lot Size & Investment

Lot Size

Shares per Lot

Issue Price

₹510.00

Upper Band

Min Investment

₹14,280

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	56	₹28,560
Retail (Max — 14 Lots)	14	392	₹199,920
S-HNI (Min — 15 Lots)	15	420	₹214,200
B-HNI (Min — 71 Lots)	71	1,988	₹1,013,880

* Issue Price ₹510 × Lot Size 28 shares

IPO Schedule

Anchor

02 Sep 2022

✓ Done

IPO Open

05 Sep 2022

✓ Done

IPO Close

07 Sep 2022

✓ Done

Allotment

12 Sep 2022

✓ Done

Refunds

13 Sep 2022

✓ Done

Demat Credit

14 Sep 2022

✓ Done

Listing Day

15 Sep 2022

✓ Done

₹510.00

INR · BSE

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Issue ₹510.00 Live Price

About Tamilnad Mercantile Bank Ltd.

Incorporated in 1921, Tamilnad Mercantile Bank (TMB) is one of the oldest private sector banks in India. It offers an array of banking and financial services to retail customers, micro, small, and medium enterprises (MSMEs), and more. TMB has a strong portfolio of advances and deposits from a diversified customer base including retail customers, agricultural customers, and MSMEs.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 significant market presence in the state of Tamil Nadu with 369 branches, and is also present in 15 other states and 4 union territories of India.StrengthsLong-term track record with almost 100 years of history.Strong presence in Tamil Nadu and consistent focus to expand presence in strategic regions.Diversified and loyal customer base i.e., retail, MSMEs, and agricultural.Consistently growing customer deposit base with a focus on low-cost retail CASA.Proven financial performance track record.

Objects of the Issue

1 Augmenting its Tier–I capital base tomeet its future capital requirements

Tamilnad Mercantile Bank Ltd. Financials (Amount in Crore)

Revenue from Operations

₹4,656.4

31-Mar-22

₹4,253.4

31-Mar-21

₹3,992.5

31-Mar-20

Profit After Tax (PAT)

₹901.9

31-Mar-22

₹654.0

31-Mar-21

₹464.9

31-Mar-20

Particulars	31-Mar-20	31-Mar-21	31-Mar-22
Revenue from Operations	3992.53	4253.40	4656.44
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	464.89	654.04	901.90
Net Worth	3979.65	4579.98	5335.71
Total Assets	42758.80	47527.17	52858.49
Reserves & Surplus	3837.14	4437.47	5193.20
Borrowings	N/A	N/A	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered1,58,40,000 (100.00%)

Net Offer to PublicN/A

Reserved for Market MakerN/A

Pre-Issue Promoter Holding14,25,11,454 shares

Post-Issue Promoter Holding15,83,51,454 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

MUFG Intime India Pvt.Ltd.

+91-22-4918 6270

tmb.ipo@linkintime.co.in

https://linkintime.co.in/Initial_Offer/public-issues.html

Check Allotment

Book Running Lead Managers

Axis Capital Ltd.

Motilal Oswal Investment Advisors Ltd.

SBI Capital Markets Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Tamilnad Mercantile Bank Ltd. IPO subscribed? ▲

Tamilnad Mercantile Bank Ltd. IPO is subscribed 1.00 times by Sep 07, 2022. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Tamilnad Mercantile Bank Ltd. IPO retail subscription status? ▼

The Tamilnad Mercantile Bank Ltd. IPO retail category is subscribed 1.00 times as of 07 Sep 2022. The retail portion is oversubscribed.

How to subscribe Tamilnad Mercantile Bank Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 05 Sep 2022 and closes 07 Sep 2022. Min investment: ₹14,280 (1 lot = 28 shares). UPI mandate: 2022-09-07.

How many times Tamilnad Mercantile Bank Ltd. IPO subscribed? ▼

The Tamilnad Mercantile Bank Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Tamilnad Mercantile Bank Ltd. IPO allotment? ▼

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 12 Sep 2022. Refunds: on 13 Sep 2022.

When Tamilnad Mercantile Bank Ltd. IPO will be listed? ▼

The Tamilnad Mercantile Bank Ltd. IPO listing date is 15 Sep 2022, Thursday. Listed on: NSE & BSE. Issue price: ₹510. Estimated listing: ₹510. GMP: NIL.

When Tamilnad Mercantile Bank Ltd. IPO close? ▼

The Tamilnad Mercantile Bank Ltd. IPO closes on 07 Sep 2022, Wednesday. UPI mandate: 2022-09-07. Allotment: 12 Sep 2022. Listing: 15 Sep 2022.

Quick Actions

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Live Price LIVE

Last Price₹510.00

Change—

Issue Price₹510.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹510

Face Value₹10

Lot Size28 Sh

Min. Amount₹14,280

GMPNIL

Est. Listing₹510

Subscribed1.00x

Open Date05 Sep 2022

Close Date07 Sep 2022

Allotment12 Sep 2022

Listing Date15 Sep 2022

ExchangeNSE & BSE

UPI Deadline2022-09-07