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TMB IPO
TMB makes muted debut on listing day at IPO priceThe IPO consisted of the fresh issue of 15.8 million shares. The Thoothukudi-based private lender allotted 71,28,000 equity shares to 10 an...- 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...
- Tamilnad Mercantile Bank: Should buy, sell or hold after muted listing?However, analysts remain positive on the private lenders despite its muted debut at the bourses and suggest that investors should hold the ...
- 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 ...
- 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 2.86 times on last day of bidding processThe issue attracted bids for 2,49,39,236 shares or 2.86 times against the issue size of 87,12,000 shares. The quota reserved for retail ind...
- TMB IPO fully subscribed on Day 2 of bidding processTMB is one of the oldest and leading old private sector banks in India with a history of almost 100 years. It has a loyal customer base as ...
- 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 ...
- 60% upside in 24 months? Tamilnad Bank IPO opens on Monday. Here's what analysts saidThe professionally-managed private lender, which does not have any identifiable promoters, on Friday allotted 71,28,000 equity shares to 10...
- Tamilnad Mercantile Bank IPO: SAT dimisses objectionsThe group of overseas investors included Robert and Ardis James Co, East River Holdings Ltd, Swiss Re Investors (Mauritius), FI investments...
- 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 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 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...
- Once labelled a 'deserter', S Ashok is helping Nadars regain control of Tamilnad Mercantile BankSeventeen years ago, S Ashok became an outcast among the Nadars when he sold his 18% equity in the community-owned Tamilnad Mercantile Bank...
- RBI asks Tamilnad Mercantile Bank to list shares through an IPOThe RBI suggestion is important as it had declined to acknowledge the sale of a 33.54% stake by entrepreneur C Sivasankaran to a group of i...
- Jeera traders too join coal rush, bet big on CIL issueInvestors from the north Gujarat town accounted for 1% of the total IPO size of Rs 15,000 crore.
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