
Financial Services · NSE / BSE
Tamilnad Mercantile Bank (TMB), established in 1921, is one of India’s oldest private sector banks offering a wide range of banking and financial services to retail customers, farmers, and MSMEs. With a strong mix of deposits and loans, the bank serves a diversified customer base. As of March 31, 2022, TMB operates 509 branches and caters to 5.08 million customers, with a major footprint in Tamil Nadu through 369 branches, along with its presence across 15 other states and 4 union territories.
Price Band
₹525
Issue Size
₹808 Cr
Lot Size
28 shares
GMP
+3.0%
Est. Listing
₹541
at current GMP
Subscribed
2.86x
overall
Open
5 Sep 2022
Close
7 Sep 2022
Allotment
12 Sep 2022
Refund
13 Sep 2022
Demat Credit
14 Sep 2022
Listing
15 Sep 2022