Tamilnad Mercantile Bank
September 5, 2022 – September 7, 2022
| Price | ₹525 - ₹525 |
| GMP Rumors * | ₹16 |
|---|---|
| Lot size | 28 |
| Allotment | Sep 12, 2022 |
| Listing | Sep 15, 2022 |
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Tamilnad Mercantile Bank Listing Price
| Exchange | Listing Price | Gain/Loss | % |
|---|---|---|---|
| NSE | ₹510.00 | -₹15.00 | -2.86% |
| BSE | ₹495.00 | -₹30.00 | -5.71% |
Tamilnad Mercantile Bank Subscription
Last Updated as on 07-Sep-2022 17:54:00
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 4,752,000 | 7,686,392 | 1.62 |
| HNIs | 2,376,000 | 6,989,920 | 2.94 |
| HNIs (10+L) | 1,584,000 | 4,909,940 | 3.1 |
| HNIs (2-10L) | 792,000 | 2,079,980 | 2.63 |
| Retail | 1,584,000 | 10,262,924 | 6.48 |
| Total | 8,712,000 | 24,939,236 | 2.86 |
Tamilnad Mercantile Bank Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 28 | 14700 | 0 |
| sHNI | 14 | 392 | 205800 | 0 |
| bHNI | 69 | 1932 | 1014300 | 0 |
Tamilnad Mercantile Bank Reservation
| Category | Shares Offered | % |
|---|---|---|
| Total | 0 | 100% |
Tamilnad Mercantile Bank About
Incorporated in 1921, Tamilnad Mercantile Bank (TMB) is one of the oldest private sector banks in India. It offers an array of banking and financial services to retail customers, micro, small, and medium enterprises (MSMEs), and more. TMB has a strong portfolio of advances and deposits from a diversified customer base including retail customers, agricultural customers, and MSMEs.
As of March 31, 2022, the bank has a strong branch network of 509 branches and a total customer base of 5.08 million. TMB has a significant market presence in the state of Tamil Nadu with 369 branches, and is also present in 15 other states and 4 union territories of India.
Strengths
- Long-term track record with almost 100 years of history.
- Strong presence in Tamil Nadu and consistent focus to expand presence in strategic regions.
- Diversified and loyal customer base i.e., retail, MSMEs, and agricultural.
- Consistently growing customer deposit base with a focus on low-cost retail CASA.
- Proven financial performance track record.
Company Financials
| Period | Assets | Revenue | Profit | Reserves |
|---|---|---|---|---|
| 31-Mar-20 | 42758.8 | 3992.53 | 464.89 | 3837.14 |
| 31-Mar-21 | 47527.17 | 4253.4 | 654.04 | 4437.47 |
| 31-Mar-22 | 52858.49 | 4656.44 | 901.9 | 5193.2 |
| Amount in ₹ Crore | ||||
Approx. Form / Category
| Category | Share | Amount | Forms |
|---|---|---|---|
| Retail | 28 | 14,700 | 56,571 |
| HNI (2-10 Lakh) | 392 | 205,800 | 2020 |
| HNI (10+ Lakh) | 1932 | 10,14,300 | 4041 |
Strength
Weakness
Tamilnad Mercantile Bank Latest Announcements
| Date | Subject | Attachment Text |
|---|
Tamilnad Mercantile Bank Financial Results
Tamilnad Mercantile Bank Lead Manager(s)
Tamilnad Mercantile Bank Address
Tamilnad Mercantile Bank Limited
No. 57, Victoria Extension Road
Thoothukudi – 628 002,
Phone: +91 461 2325136
Email: secretarial@tmbank.in
Website: http://www.tmb.in/
Tamilnad Mercantile Bank Registrar
MUFG Intime India Private Limited (Link Intime)
Link Intime India Private Ltd
C 101, 247 Park,
L.B.S.Marg Vikhroli (West),
Mumbai - 400083