The 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...

Incorporated in 1921, Tamilnad Mercantile Bank offers an array of banking and financial services to retail customers, micro, small, and med...

However, analysts remain positive on the private lenders despite its muted debut at the bourses and suggest that investors should hold the ...

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 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 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 ...

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 professionally-managed private lender, which does not have any identifiable promoters, on Friday allotted 71,28,000 equity shares to 10...

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...

Dealers of unlisted shares say this space is not for traders; but investors with a long-term outlook can hope to earn hefty returns, if the...

Some of these firms have strong balance sheets and credible financials to support this frenzy.

Seventeen years ago, S Ashok became an outcast among the Nadars when he sold his 18% equity in the community-owned Tamilnad Mercantile Bank...

The reconstituted full-fledged board of Tamilnad Mercantile Bank met in Chennai on Friday in the wake of a Judgement passed by Madras High ...

Six foreign and two Indian investors, who recently picked up 24.93% stake in Tamilnad Mercantile Bank .