Tamilnad Mercantile Bank files IPO papers

Tamilnad Mercantile Bank has filed its IPO papers with Sebi on Monday. The IPO comprises of a fresh issue of 1.58 crore equity shares and offers for sale up to 12,505 equity shares from the existing shareholders.

By ET Bureau | Updated: Sep 07, 2021, 06.11 AM IST

The offer will constitute 10% of the post-offer paid-up equity share capital.

Mumbai: Tamilnad Mercantile Bank has filed its IPO papers with Sebi on Monday. The IPO comprises of a fresh issue of 1.58 crore equity shares and offers for sale up to 12,505 equity shares from the existing shareholders. The offer will constitute 10% of the post-offer paid-up equity share capital.

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