01 September, 2022

Tamilnad Mercantile Bank Limited


             Rating:- 44

Issue Open:            Sep 5, 2022 – Sep 7, 2022
Anchor:                   Sep 2, 2022
Issue Type:            Book Built Issue
Face Value:            Rs. 10 Per Equity Share
Equity Shares After Issue 14,25,51,454 Equity Share
Market Cap Upper Issue Price Rs. 7,483.95 Cr.
Issue Size:              Fresh 1,58,40,000 Equity Share
Total Issue Size:              Rs. 792.00 - 831.60 Cr
QIB:                         75%
NII:                          15%
Retail:                           10%
Issue Price:            Rs. 500 - 525 Per Equity Share
Retail Market Lot:           28 (14,700)
Listing At:              BSE , NSE
Registrar:               www.linkintime.co.in
Company Website: www.tmb.in
Retail Applications For One Time:     56,571
Grey Market: 1. Premium     18 - 30
                                 2. Kostak Price 500 - 600
                                 3. Sub. 2 Kostak    750 - 2700
Timetabel:             Allotment                Sep 12, 2022

Unblocking              Sep 13, 2022

Listing                      Sep 15, 2022
Last Day Subscription Detail NSE + BSE
QIB: 1.62
NII: 2.94
Retail:                           6.43
Total: 2.85
Applications Approx :  1,33,691
No. of Applicant wise:     2.36x

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