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TAMILNAD BANK IPO
Post IPO, Tamilnad Mercantile Bank to continue to focus on RAM segment: MD“If you look into the nation as a whole, the CASA by and large comes from the eastern and north eastern part of the country. When we decide...- Tamilnad Mercantile Bank shares list at 3% discount to IPO priceIncorporated in 1921, Tamilnad Mercantile Bank offers an array of banking and financial services to retail customers, micro, small, and med...
- TMB's grey market premium fizzles out; will a dent in Harsha Engineering follow?Market experts believe that Tamilnad Mercantile Bank is likely to be listed around its issue price due to muted response and mixed analyst ...
- Tamilnad Mercantile Bank IPO: Here's how to check allotment status and GMPThe company's Rs 832 crore primary offering was sold in the range of Rs 500-525 per equity share. The issue had received a muted response f...
- A 100-year-old Indian bank set to raise $100 million amid curbsThe demand to invest in the Tamil Nadu-based bank hasn’t been deterred by minority shareholders’ objections and various curbs imposed on it...
- TMB's grey market premium shoots up; can it surprise despite muted response to IPO?As of Thursday, shares of TMB were commanding a premium of Rs 20-25 in the unofficial market, which was Rs 3 a day ago, when the issue clos...
- Tamilnad Mercantile Bank IPO subscribed 83% on Day 1The initial public offer of 1.58 crore equity shares is in a price range of ₹500-525 per share. Private sector lender Tamilnad Mercantile B...
- Should you buy Tamilnad Mercantile Bank shares from unlisted market ahead of IPO?One should understand that any pre-IPO equity has a mandatory lock-in of at least 6 months from the date of IPO allotment, but in this case...
- Tamilnad Mercantile Bank IPO subscribed 30% on Day 1 of bidding processThe issue has attracted bids for 27,48,396 shares or 0.32 times the issue size of 87,12,000 shares. The quota reserved for retail individua...
- Tamilnad Mercantile Bank IPO kicks off: Should you subscribe?Most analysts said the asking valuations are attractive when compared with peers, but the bank’s future growth would be subject to pending ...
- Ahead of IPO, Tamilnad Mercantile Bank collects Rs 363 cr from anchor investorsThe Tuticorin-based bank proposes to utilise the proceeds from the issue for augmenting its Tier-I capital base to meet future capital requ...
- Tamilnad Mercantile Bank IPO: 15 things you must know before subscribingThe IPO of Tamilnad Mercantile Bank will close for subscription on Wednesday, September 7.
- Barring legal issues, TMB IPO looks reasonably pricedThe demanded valuation also looks reasonable. However, the bank is involved in several legal proceedings including those filed by some of t...
- Tamilnad Mercantile Bank IPO worth Rs 831.6 crore to hit D-St next week>> For more such web stories click on the ET icon below
- Tamilnad Mercantile Bank IPO to open on Sept 5; price band fixedThe IPO is entirely a fresh issue of up to 1,58,40,000 equity shares with a face value of Rs 10 each, aggregating to Rs 831.6 crore. TMB is...
- Tamilnad Mercantile Bank gets Sebi's nod to float IPOThe bank, which filed its preliminary IPO papers with Sebi in September 2021, obtained its observations on May 30 this year, an update with...
- Tamilnad Mercantile Bank files IPO papersTamilnad 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 o...
- Tamilnad Mercantile Bank files DRHP for IPO with SebiThe offer will consist of issuance of 1,58,27,495 fresh equity shares and existing shareholders will offload 12,505 equity shares from thei...
- Tamilnad Mercantile planning IPO in Q3Tamilnad Mercantile made a net profit of Rs 181 crore in the quarter ended March 2021 from Rs 164 crore a year earlier, a growth of 10%.
- Tamilnad Mercantile bank shares double in less than a month on IPO speculationTamilnad Mercantile shares jumped to Rs 1L/share in the unlisted market from Rs 50K to Rs 60K per share before the last week of Dec.
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