When does the Tamilnad Mercantile Bank IPO open and close?

The Tamilnad Mercantile Bank IPO opened for bidding on 5 Sep 2022 and closed on 7 Sep 2022. Bids can be placed from 10:00 AM to 5:00 PM IST on each bidding day.

What is the price band of the Tamilnad Mercantile Bank IPO?

The price band of the Tamilnad Mercantile Bank IPO is ₹500 to ₹525 per share. The issue size is ₹457.38 crore.

What is the lot size of the Tamilnad Mercantile Bank IPO?

One lot of the Tamilnad Mercantile Bank IPO is 28 shares, and the minimum investment is ₹14,700 (one lot at the upper end of the price band). You bid in multiples of one lot.

When is the Tamilnad Mercantile Bank IPO allotment and listing date?

The Tamilnad Mercantile Bank IPO timeline is: basis of allotment on 8 Sep 2022, refunds from 9 Sep 2022, credit of shares to demat accounts on 9 Sep 2022, listing on 15 Sep 2022.

What was the listing price of the Tamilnad Mercantile Bank IPO?

Tamilnad Mercantile Bank shares listed at ₹495.00 on 15 Sep 2022, a loss of 5.71% over the issue price of ₹525.00.

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Tamilnad Mercantile Bank IPO

Tamilnad Mercantile Bank Limited

₹14,700/ 28 shares

Minimum investment

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Tamilnad Mercantile Bank IPO Details

Bidding date

05 Sep - 07 Sep 2022

Price range

₹500 - ₹525

Minimum quantity

Minimum investment

₹14,700

Issue size

₹457 Cr.

Listing exchange

NSE/BSE

Tamilnad Mercantile Bank IPO Dates & Timeline

05 Sep, 2022

Opening date

07 Sep, 2022

Closing date

08 Sep, 2022

Basis of allotment

09 Sep, 2022

Initiation of refunds

09 Sep, 2022

Credit of shares

12 Sep, 2022

Listing date

Tamilnad Mercantile Bank IPO is an initial public offering of Tamilnad Mercantile Bank Limited shares with a price band of ₹500 to ₹525 per share, which was open for bidding from 5 Sep 2022 to 7 Sep 2022. This page gives investors the IPO dates, price band, lot size, subscription status and allotment timeline.

How to Apply for Tamilnad Mercantile Bank IPO: Step-by-Step Guide

Research the IPO:Review the prospectus and company details.
Open accounts:Ensure you have a demat and trading account.
Check dates:Note the IPO opening and closing dates.
Apply online:Log in to your brokerage account and complete the IPO application form.
Make payment:Pay through your linked bank account.
Submit application:Confirm and submit your application.
Track status:Monitor the allotment status and check for shares in your demat account upon listing.