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Tamilnad Mercantile Bank IPOFAQs

IPO Status: Listed [5-09-2022 to 7-09-2022]

Rated 4/5 by Team InvestorGain

The Tamilnad Mercantile Bank IPO is opening from 5th Sep 2022 to 7th Sep 2022. The ipo is offered on price band of ₹500-525. The lot size for Tamilnad Mercantile Bank IPO is 28. Below we have listed most commonly asked question about Tamilnad Mercantile Bank IPO. We also have Tamilnad Mercantile Bank IPO Review, Live Subscription, GMP and Allotment status pages where you can refer the latest and updated information on real time.


Tamilnad Mercantile Bank IPO Details

Tamilnad Mercantile Bank IPO Details
Issue Details Values
IPO Issue Type Book Build Issue
IPO Issue Size ₹831.60 Cr.
Fresh Issue 15,840,000 shares at ₹500-525/share
[Aggregating to ₹831.60 Cr.]
Face Value ₹10 Per Equity Share
IPO Issue Price ₹500-525
Market Lot 28 Shares

Tamilnad Mercantile Bank IPO Dates

Tamilnad Mercantile Bank IPO important dates
IPO Activity Date
IPO Open Date 5-09-2022
IPO Close Date 7-09-2022
Basis of Allotment Finalisation Date* 12-09-2022
Refunds Initiation* 13-09-2022
Credit of Shares to Demat Account* 14-09-2022
IPO Listing Date* 15-09-2022

* - Tentative Dates

Last Updated on 11/7/2022 8:31:09 AM

Tamilnad Mercantile Bank IPO FAQs

Tamilnad Mercantile Bank IPO Issue Open Date is 5-09-2022.

Other relevant questions:

Tamilnad Mercantile Bank IPO start date? When Tamilnad Mercantile Bank IPO Open Date? When to invest in Tamilnad Mercantile Bank IPO?

 

Tamilnad Mercantile Bank IPO Issue Close Date is 7-09-2022.

Other relevant questions:

Tamilnad Mercantile Bank IPO end date? When Tamilnad Mercantile Bank IPO Close Date? Last Date to invest in Tamilnad Mercantile Bank IPO?

 

Tamilnad Mercantile Bank IPO price for retail investor is 500-525.

 

Tamilnad Mercantile Bank IPO lot size for retail investor is 28 shares (1 lot)(Min) and 364 shares (13 lots) (Max).

Other relevant questions:

Tamilnad Mercantile Bank IPO lot details? Tamilnad Mercantile Bank IPO market lot? Tamilnad Mercantile Bank IPO details lot size?

 

Yes, you can invest in Tamilnad Mercantile Bank IPO via UPI. If applying online, you can use UPI as well as ASBA. If applying through physical form, UPI is mandatory.