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Tamilnad Mercantile Bank Tag

Tamilnad Mercantile Bank (TMB) IPO Analysis

byfintooSeptember 5, 2022

Tamilnad Mercantile Bank Ltd. (Subscribe) Issue Size – 15,840,000 sharesIssue Open/Close – Sept 05/Sept 07, 2022Price Band (Rs.) 500 – 525Issue Size- Rs 8316 mnFace Value (Rs.) 10Lot Size (shares) 28 Tamilnad Mercantile Bank (“TMB”) was incorporated on May 11, 1921. TMB, headquartered in Thoothukudi (Tamil Nadu, India), is one of the oldest and leading old private sector banks in...