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With a history of about 100 years, Tamilnad Mercantile Bank Limited is one of India's oldest and premier private sector banks. TMB was incorporated in 1921 and headquartered in Thoothukudi, Tamil Nadu, India.
Don't have a Tradeplus account? Sign up| Date | 05Sep2022 - 07Sep2022 |
| Price Range (₹) | 500 – 525 |
| Minimum Order Quantity | 28 |
| (D)RHP | View |
As of March 2022, they have a strong network of over 500 branches and a customer base of over 5 million. They have about 350 branches in the state of Tamil Nadu and a presence in 15 states and four union territories. Tamilnad Mercantile Bank Limited's whole public offering consists of a new issue of 1,58,27,495 equity shares and an offer for sale of up to 12,505 equity shares by selling shareholders. Read more
| Financial Year Ended | Revenue (₹ Millions) | Profit After Tax (₹ Millions) | EPS (₹) |
|---|---|---|---|
| March 2019 | 3,635.79 | 294.61 | 18.14 |
| March 2020 | 3,992.52 | 464.89 | 28.61 |
| March 2021 | 4253.40 | 654.04 | 28.61 |
You can apply for the Tamilnad Mercantile Bank Limited IPO using any supported UPI app by following two steps:
On acceptance of the mandate, the bid amount will get blocked in your bank account.
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