Tamilnad Mercantile Bank IPO Subscription Status LIVE UPDATE – Subscribe or Avoid?

We have positioned this article to fetch our readers, the live information of Tamilnad Mercantile Bank IPO Subscription. So, we keep all the records of the IPO from the day 1st is open for subscription.

We manifest details of subscriptions received by the company on a per-day basis, how you can apply for the Tamilnad Mercantile Bank IPO, and more.

Tamilnad Mercantile Bank IPO Subscription

The shares subscribed by the public will be updated herein on a daily basis.

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.

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Check out FAQs on Tamilnad Mercantile Bank IPO Subscription here –

What is the Tamilnad Mercantile Bank IPO Subscription start date?

The day from when Tamilnad Mercantile Bank IPO will be open for subscription is Sep 5, 2022. All along the course of releasing its IPO, the Tamilnad Mercantile Bank IPO subscription will stay open for 3 days, which would be from Sep 7, 2022.

How many times Tamilnad Mercantile Bank IPO got subscribed?

Precisely, we have the evaluation on a per-day basis for all the days this IPO was open. For the first day, the IPO was subscribed 0.23x times. The following stats are –X times for day 2, X times for day 3.

The table has the category-wise subscription details; you can check the stats vividly.

How to subscribe to Tamilnad Mercantile Bank IPO?

There are two feasible ways in which you can subscribe for the IPO – ASBA, and UPI. ASBA IPO is the process of application through the net banking portal, of your respective bank account.

Contrarily, you can adopt UPI to apply for IPO via a stockbroker. You can use any online platform, i.e. app or website of your bank or broker, and apply for the Tamilnad Mercantile Bank IPO via the IPO section.

Selecting the IPO and placing a bid is just so easy.

Where can I check LIVE Tamilnad Mercantile Bank IPO Subscription Numbers?

This website contains all such live details. This page is itself your destination or stop, which will give you access to all the numbers.

In the table briefly presented to you, categorization is done on the basis of the class of investors, and total subscription received.

What is the Minimum Lot Size of Tamilnad Mercantile Bank IPO?

Statistics relating to the Minimum lot size have been released. In order to subscribe for the Tamilnad Mercantile Bank IPO, retailed investors have to apply for 28 shares.

28 shares is the market lot size for Tamilnad Mercantile Bank IPO.

What is the maximum Lot Size of Tamilnad Mercantile Bank IPO?

If you wish to make a higher bid for this IPO, you are permitted to subscribe for up to 364 shares. On the same note, the maximum amount you will be paying for the bid shall be around Rs. 191,100.

How much is the retail portion (%) in Tamilnad Mercantile Bank IPO?

As per the structure of this IPO, the share QUOTA for retail investors is around 35%. For the stats on per-day subscriptions received from the retails investors, you can refer to the subscription table from the article.

How much is the QIB portion (%) in Tamilnad Mercantile Bank IPO?

Taking a look at the QIB portion, the company has structured the same around 50%. Furthermore, you can check the subscription details of this category investors in the subscription tables provided.

How much is the NII portion (%) in Tamilnad Mercantile Bank IPO?

As for the NII portion or the Non-Institutional Investors category, the company has structured it to be 15%. We also have the subscription details of NIIs, which have been put into the subscription table, in a per-day format.

How to apply for the Tamilnad Mercantile Bank IPO?

As an investor, you need to apply for the IPO online, via any of the UPI-supported applications or ASBA. You must prefix the right UPI ID and make the payment at the time of the IPO application.

You must then submit the application to the broker, who will send the request to block the said amount. Also, you need to enter the UPI ID again to approve the block mandate.

Now, the funds shall be blocked from your account, following which debit or credit shall be done on the basis of the share allotment.

How to invest in Tamilnad Mercantile Bank IPO using Zerodha app?

The process to invest via the Zerodha App is as simple as it can get.

• Login to Zerodha Kite console
• Go to IPO section in Portfolio
• Choose the IPO you want to apply for, from the list
• Enter the UPI ID, bid details like price and quantity
• Now hit submit