Let’s have a detailed review of the company and analytics of the Tamilnad Mercantile Bank IPO release date, IPO offer price, subscription, Tamilnad Mercantile Bank Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 10
Price BandRs [●]
Listing AtBSE, NSE
Min. Order QuantityNA
Listing DateNA
Offer for SaleRs Million
Fresh IssueRs Million
IPO SizeRs Million
Tick Size1

Tamilnad Mercantile Bank IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

Tamilnad Mercantile Bank Share Price – Live Performance

Tamilnad Mercantile Bank IPO – Summary

Tamilnad Mercantile Bank IPO

Tamilnad Mercantile Bank provides all banking solution and related products and services. They have a diversified line of business committed to providing all of banking services and products, in the most reliable and efficient manner.

The highly demanded products from Tamilnad Mercantile Bank consist of Home Loan, Personal Loan and Car Loans, which are also the key products offering of the company.

The Promoter of this company is Mr. Manish Kumar Dabkara. The lead manager to the issue is HEM SECURITIES LIMITED, and the Registrar to this issue is BIG SHARE SERVICES PRIVATE LIMITED.


Tamilnad Mercantile Bank IPO Date

The opening and the closing date of the IPO of Tamilnad Mercantile Bank Limited are not available yet.


Tamilnad Mercantile Bank IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day –  
3rd Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.

Check Tamilnad Mercantile Bank IPO LIVE Subscription

  • Tamilnad Mercantile Bank IPO LIVE Bid details on BSE
  • Tamilnad Mercantile Bank IPO LIVE Bid details on NSE

For the Latest Bid details click on the above links.


Tamilnad Mercantile Bank IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Tamilnad Mercantile Bank Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Tamilnad Mercantile Bank IPO Price Band / Cash Price

The face value of each share is Rs.10, but the price band of the IPO is Rs.[●] 


Tamilnad Mercantile Bank IPO Equity Size

This Initial Public Issue of 18,24,000 Equity Shares of Rs.10 each for cash at a price of Rs.[●]  per equity share aggregating to Rs.[●] Million.


Tamilnad Mercantile Bank IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] equity Shares of Rs.10/ each.

Issue Size: X Equity Shares of Rs.10 each, aggregating to Rs.[●] Million


Tamilnad Mercantile Bank IPO – Live Performance

The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – Tamilnad Mercantile Bank Share Price

Tamilnad Mercantile Bank IPO Grey Market Premium

The Tamilnad Mercantile Bank Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


Tamilnad Mercantile Bank IPO – Company Overview

Tamilnad Mercantile Bank is one of the well established banks and offer all of financial products and services, which fulfils the financing needs of its clients in all dimensions.

They have separate and customized services all group of clients and they are tailored as per the personal preference of each client. The bank has developed a wide network of 509 branches across the entire nation, 12 regional offices, 11 extension counters, 6 central processing centres, and many more, which adds on to the distribution network.

They have developed a structure where they aim as expanding to the rural sectors of the nation.  


Tamilnad Mercantile Bank IPO – Financial Statements

A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & Million)
30-Jun-2031-Mar-20Mar-1931-Mar-18
Total Assets
*Total Revenue
Total Expense
Profit After Tax

Earnings per Equity Share (in Million)

30-Jun-2031-Mar-20Mar-1931-Mar-18
Basic & Diluted

 

Further, their PAT for the period ended on June 30, 2020, March 31, 2020, March 31, 2019, and March 31, 2018, were Rs. 135.51 Million, Rs. 447.45 Million, Rs. 68.04 Million and Rs. 26.91 Million respectively.


Tamilnad Mercantile Bank IPO – Promoters

The Promoter of this company is:

List of Related Parties (Key Managerial Personnel)

  • Mr. Manish Kumar Dabkara, Chairman & Managing Director
  • Mr. Naveen Sharma, Chief Financial Officer
  • Mr. Babita Kumawat, Company Secretary and Compliance Officer

Tamilnad Mercantile Bank IPO – Promoters Holding

  • Pre Issue Share Holding – %
  • Pos Issue Share Holding – %

Tamilnad Mercantile Bank IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares Offered Up to X Equity Shares aggregating up to Rs.[●] Million
of which:
Issue Reserved for the Market MakersUp to [●] Equity Shares aggregating up to Rs.[●]
Million
Net Issue to the PublicUp to [●] Equity Shares aggregating up to Rs.[●]
Million
Of which:
Retail Investors Portion Not less than [●] Equity Shares
Other than Retail Individual InvestorsNot more than [●] Equity Shares
 Equity Shares outstanding prior to the IssueX Equity Shares
 Equity Shares outstanding after the IssueX Equity Shares

Tamilnad Mercantile Bank IPO Issue Object

Their Company proposes to utilise the Net Proceeds towards funding the following objects:

1. To meet Working Capital requirements
2. General Corporate Purpose
3. To meet issue expenses

Tamilnad Mercantile Bank IPO – Business Strategy

  • Focus on Consultancy Business and spreading awareness about carbon neutrality
  • Increase the use of technology to improve operational efficiency
  • Expanding their customer base
  • Creating awareness to reduce carbon emissions

Tamilnad Mercantile Bank IPO – Basis of Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

  • Quality Assurance, timely payment, and delivery
  • Broad customer base and strong relationships with their customers
  • Multiple Business verticals under one roof
  • Qualified management team and employee base

The relevant quantitative factors are:

Basic & Diluted EPSRONW (%)NAV (Rs.)
31-Mar-20
31-Mar-19
Mar-18

Tamilnad Mercantile Bank IPO: Competitive Peers

Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Crores)
Tamilnad Mercantile Bank Limited10[●]8.8673.1120.43
Listed Peers
Mitcon Consultancy and
Engineering Services Limited
1012.463.133.91%42.72

Tamilnad Mercantile Bank IPO Lead Managers

Lead Managers

Tamilnad Mercantile Bank IPO Registrar to offer

Registrar to the Offer
BIGSHARE SERVICES PRIVATE LIMITED
Address:-1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri East, Mumbai – 400059
Tel No.:+91-022-62638200
Fax No.: +91-022-62638299
Website:www.bigshareonline.com
Email:ipo@bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com

Tamilnad Mercantile Bank IPO – Other Details

  • Statutory Auditor – NA
  • Legal Counsel to the Company – NA
  • Bankers to the Company –  NA


Tamilnad Mercantile Bank IPO Review by Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

 


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    Tamilnad Mercantile Bank Limited IPO News

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    Tamilnad Mercantile Bank IPO Review FAQs

    Ques – What is the Issue Size of Tamilnad Mercantile Bank IPO?

    Answer – The Company is making an initial public offer of NA equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.

    Ques – What is the Price band of Tamilnad Mercantile Bank IPO?

    Answer – The price band for this particular IPO, i.e. Tamilnad Mercantile Bank IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.10 per share.

    Ques – What is the Tamilnad Mercantile Bank IPO Open Date?

    Answer – The opening and closing dates for Tamilnad Mercantile Bank IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.

    Ques – What is the Tamilnad Mercantile Bank IPO Allotment Date?

    Answer – We also have the news regarding the respective allotment dates of Tamilnad Mercantile Bank IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.

    Ques – What is the Tamilnad Mercantile Bank IPO Listing Date?

    Answer – Shares of Tamilnad Mercantile Bank shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.

    Ques – Who is the Registrar of Tamilnad Mercantile Bank IPO?

    Answer – One of the reputed registrars is managing the issue of Tamilnad Mercantile Bank IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on the lookout for.

    Ques – Who is the Promoter of Tamilnad Mercantile Bank IPO?

    Answer – Here are the promoters of Tamilnad Mercantile Bank – NA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

    Ques – What is GMP of Tamilnad Mercantile Bank IPO?

    Answer – We have obtained the GMP of Tamilnad Mercantile Bank IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

    Ques – Is Tamilnad Mercantile Bank IPO good for Investment?

    Answer – We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

    Ques – What is the PAT of Tamilnad Mercantile Bank Company?

    Answer – We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the financial year 2020 in Million is NA, 2019 is NA, 2018 is NA. PAT from Sep 2020 is NA.


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