Market experts believe that Tamilnad Mercantile Bank is likely to be listed around its issue price due to muted response and mixed analyst ...

The 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...

The demand to invest in the Tamil Nadu-based bank hasn’t been deterred by minority shareholders’ objections and various curbs imposed on it...

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...

The 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...

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...

The 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...

Most analysts said the asking valuations are attractive when compared with peers, but the bank’s future growth would be subject to pending ...

The Tuticorin-based bank proposes to utilise the proceeds from the issue for augmenting its Tier-I capital base to meet future capital requ...

The IPO of Tamilnad Mercantile Bank will close for subscription on Wednesday, September 7.

The demanded valuation also looks reasonable. However, the bank is involved in several legal proceedings including those filed by some of t...

The 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...

The 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 has filed its IPO papers with Sebi on Monday. The IPO comprises of a fresh issue of 1.58 crore equity shares and o...

The 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 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 shares jumped to Rs 1L/share in the unlisted market from Rs 50K to Rs 60K per share before the last week of Dec.