Tamilnad Mercantile Bank Limited IPO

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
Date05Sep2022 - 07Sep2022
Price Range (₹)500 – 525
Minimum Order Quantity28
(D)RHPView

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

Check out some recent financials figures of the company:

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 

How do I apply for the Tamilnad Mercantile Bank Limited IPO?

You can apply for the Tamilnad Mercantile Bank Limited IPO using any supported UPI app by following two steps:

  • Enter your bid on rocket
  • Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

×
  Open Account   Open Account   Call   Whatsapp

Rocket Trading App

Seamless Trading in NSE and BSE and MCX under single login

4.5 out of 5

Hey, there!

Have Questions? Chat with us through whatsapp!

Scan QR to chat in mobile
OR
Start chat in web

Powered by Tradeplus

This is a standard alert.

I'm a cool paragraph that lives inside of an even cooler modal. Wins!

This is a standard alert.

I'm a cool paragraph that lives inside of an even cooler modal. Wins!

Mobile Number

+91

Verify Your Mobile

You will receive an OTP on your mobile

Not Received OTP?

Please wait for (0:0) seconds

Scan To Download Rocket Mobile App

Scan To Download RocketPlus Mobile App

Scan To Download Mutual Fund App

Scan To Download Rocket Mobile App

Scan To Download RocketPlus Mobile App