Tamilnad Mercantile Bank

Tamilnad Mercantile Bank IPO

Tamilnad Mercantile Bank IPO Price Range is ₹500 - 525, with a minimum investment of ₹14,700 for 28 shares.

₹14,700

/ 28 shares

Minimum Investment

View Tamilnad Mercantile Bank IPO details including price range, minimum investment, lot size, financials, and IPO timeline. Get subscription updates, peer comparison, and key insights to help you make an informed decision.

IPO Status

Closed

Price Band

₹500 - 525

Open Date

2022-09-05

Close Date

2022-09-07

Lot Size

28 shares

Min Investment

₹14,700

Listing Exchange

NSE

Tamilnad Mercantile Bank IPO Application Timeline

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Open Date5 Sep 2022
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Close Date7 Sep 2022
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Allotment Date13 Sep 2022

How to Apply for Tamilnad Mercantile Bank IPO on INDmoney

1

Download the INDmoney app and complete your KYC to open an account.

2

Go to the INDstocks section and tap on IPO, or search for ‘IPO’.

3

Select Tamilnad Mercantile Bank IPO from the list of live IPOs.

4

View key details like price band, lot size, and dates, then tap ‘Apply Now’.

5

Choose the number of lots and place your order via UPI.

6

Your funds will be blocked until the share allotment is finalized.

About Tamilnad Mercantile Bank

Tamilnad Mercantile Bank Limited is one of the oldest private sector banks in India with a history of almost 100 years.

Frequently Asked Questions of Tamilnad Mercantile Bank IPO

What is the allotment date of the Tamilnad Mercantile Bank IPO?

Tamilnad Mercantile Bank IPO allotment date is Sep 13, 2022 (tentative).

What are the open and close dates of the Tamilnad Mercantile Bank IPO?

The Tamilnad Mercantile Bank IPO will open on Sep 5, 2022 and close on Sep 7, 2022

What is the lot size of Tamilnad Mercantile Bank IPO?

The lot size for the Tamilnad Mercantile Bank IPO is 28.

When will my Tamilnad Mercantile Bank IPO order be placed?

Your Tamilnad Mercantile Bank IPO order will be placed on Sep 5, 2022

Can we invest in Tamilnad Mercantile Bank IPO?

Yes, once Tamilnad Mercantile Bank IPO opens, you can invest in the shares of the company.

What would be the listing gains on the Tamilnad Mercantile Bank IPO?

The potential listing gains on the Tamilnad Mercantile Bank IPO will depend on various market factors and cannot be predicted with certainty.

What is 'pre-apply' for Tamilnad Mercantile Bank IPO?

'Pre-apply' for Tamilnad Mercantile Bank IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.