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Tamilnad 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


    Tamilnad Mercantile Bank IPO

    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”.


    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.

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