Tamilnad Mercantile Bank IPO GMP / Grey Market Premium, Kostak Rates & SS Today
Last Updated Date: Nov 17, 2022Tamilnad Mercantile Bank is about to release its IPO on Sep 5, 2022. The issue is closing on Sep 7, 2022 and is currently having an active grey market. The Tamilnad Mercantile Bank IPO GMP is running at a stable rate as per the current situation.
In IPO, the GMP or the Grey Market Premium is the premium amount at which the IPO shares are traded before getting listed in the stock market.
However, the QIB and the HNI numbers are the key indicators of GMP in the case of Tamilnad Mercantile Bank IPO. The company is intended to raise Rs 831.60 million by the released issue.
Tamilnad Mercantile Bank IPO GMP Rates, Kotak rates & SS
This particular table represents everything related to the IPO event from its opening and closing date along with the face value of the issue.
You can check this table related to know the IPO size, price band along with listing details, and more.
| Date | GMP (in INR) | Kostak (in INR) | Subject to Sauda (in INR) |
| 05 Sep 2022 | 35 | 500 | 2500 |
| 02 Sep 2022 | 35 | 500 | 5000 |
| 01 Sep 2022 | NA | NA | 500 |
| 31 Aug 2022 | NA | NA | NA |
| 30 Aug 2022 | NA | NA | NA |
| 29 Aug 2022 | NA | NA | NA |
| 28 Aug 2022 | NA | NA | NA |
Check out Related IPO Links:
| Review – Tamilnad Mercantile Bank IPO |
| Tamilnad Bank IPO Allotment |
| LIVE Subscription – Tamilnad Mercantile Bank IPO |
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Tamilnad Bank IPO Date / Timetable
Here, you will find the important dates and events of this IPO. Check the allotment status, visit us again once the subscription date is over.
| IPO Open Date | Sep 5, 2022 |
| IPO Close Date | Sep 7, 2022 |
| Allotment Date | Sep 12, 2022 |
| Initiation of Refunds | Sep 13, 2022 |
| Credit of Shares to Demat Account | Sep 14, 2022 |
| IPO Listing Date | Sep 15, 2022 |
Tamilnad Mercantile Bank IPO – Financial Performance
The below-given table will give you an overall idea of the company’s financial performance. Check their net profit and loss statement about Tamilnad Mercantile Bank IPO.
| Amount (in INR & Million) | |||
| 31-Mar-22 | 31-Mar-21 | Mar-20 | |
| Total Assets | 528,584.88 | 475,271.69 | 427,587.97 |
| *Total Revenue | 46,564.35 | 42,534.02 | 39,925.29 |
| Total Expense | 38,345.26 | 36,500.73 | 35,848.35 |
| Profit After Tax | 9,019.02 | 6,540.43 | 4,648.92 |
Earnings per Equity Share (in Million)
| 31-Mar-22 | 31-Mar-21 | Mar-20 | |
| Basic & Diluted | 57.67 | 42.34 | 28.61 |
FAQs Related to Tamilnad Bank IPO GMP
Check out FAQs on Tamilnad Mercantile Bank IPO Grey Market Premium here –
Ques – What is the current Tamilnad Mercantile Bank IPO GMP Price?
Answer – As of today, the Tamilnad Mercantile Bank IPO GMP is Rs. NA.
Ques – What is the current Tamilnad Bank IPO Kostak Rate?
Answer – The Kostak rate is Rs NA for Tamilnad Mercantile Bank IPO.
Ques – What is today’s Tamilnad Bank IPO Subject to Sauda Rate?
Answer – As of today, the Tamilnad Mercantile Bank IPO Subject to Sauda is Rs 500.
Ques – Where to Check Tamilnad Mercantile Bank IPO Allotment & Listing?
Answer – However, if you don’t want to miss out on the issue’s allotment status and the listing, you can refer to this LINK given here: IPO Allotment Status
Ques – What is Kostak Price?
Answer – To apply for an IPO, there is an application price or application charges that come along and is known as Kostak price. It is actually the premium amount at which IPO applications are being traded in the grey market.
Ques – Is GREY market buy or sell shares illegal?
Answer – Grey Market is basically trading that takes place before the stock of a company gets enlisted on the stock exchange. It takes place before the IPO release and the prices may change at any time.
Hence, it is unofficial trading and hence, not “illegal”.
Disclaimer:
The Tamilnad Mercantile Bank IPO GMP which is mentioned in the table here is only valid for a specific date as mentioned in the header section. The Kostak is the premium that one gets by selling her/his IPO application to someone else before listing the issue. He or she can sell it in an off-market transaction. However, we aren’t buying/selling IPO forms on the IPO Grey market.
It is also requested that please do not subscribe for an IPO by just seeing the premium price. The reason being, the premium price varies and can change anytime before listing. Please subscribe only after considering the fundamentals of the companies.