WebSep 15, 2024 · Shares of Tamilnad Mercantile Bank (TMB) made a lackluster debut on the bourses, with the stock of the private lender getting listed at par against its issue price of Rs 510 per share on the BSE on Thursday. Post listing, the stock hit an intra-day low of Rs 487, and a high of Rs 519, BSE data shows. WebSep 6, 2024 · The Rs 831.6 crore Tamilnad Mercantile Bank IPO will be available for subscription till Wednesday, September 7, 2024, and the price band of the company has been fixed at Rs 500-525 per share. The Tamilnad Mercantile Bank IPO comprises a fresh issue of up to 15,840,000 equity shares.
Tamilnad Mercantile Bank IPO kicks off: Should you subscribe?
WebThese vary in length from 12 to 24 months. First time registration fees are prorated accordingly: Initial Registration Fee prorated amounts, as of 9/1/2024: Initial registration of 12 months - $282.42 Initial registration of 24 months - $468.42 Is there a reduced fee for military applicants? WebSep 5, 2024 · TMB is looking to issue 15.84 million fresh shares in the IPO. At the upper end of the price band, the bank will raise Rs 832 crore and will be valued at Rs 8,314 crore Topics Tamilnad Mercantile Bank IPO Institutional investors Sundar Sethuraman Last Updated at September 5, 2024 19:13 IST Follow us on difference between prototype and request
IPO : Issues Open Now >> Tamilnad Mercantile Bank : Banks
Web9 rows · Aug 27, 2024 · After long time TMB not alloted at higher price of 525 even after not a bad subscription of ... WebSep 9, 2024 · TMB IPO GMP and Business Overview Details: Tamilnad Mercantile Bank (TMB), founded in 1921, is one of India's oldest private sector banks. ... Price Band ₹500 to ₹525 per share: Lot Size: 28 shares per lot: Min. Investment Amt ₹14,700/Lot: Issue Size: Approx ₹831.60 Cr. Issue Type: Book Built Issue IPO: Listing At: BSE, NSE: Face Value ... WebIssue Price Listing Price Listing Gains; BSE & NSE ₹525.00 ₹495.00-₹30.00 (5.71%) Tamilnad Mercantile Bank. IPO DetailsBidding Dates Min. Investment ... TMB IPO review. Strengths & Risks. Almost 100 years of history, loyal customer base, and focus on improving the servicing framework. form 25 sec filing