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| IPO Open: | Sep 5, 2022 |
|---|---|
| Issue Type: | Book Built Issue IPO |
| IPO Price: | ₹500 to ₹525 per equity share |
| Market Lot: | 28 Shares Share |
| Min Order Quantity: | 28 Shares |
| Listing At: | BSE, NSE |
| Issue Size: | aggregating up to ₹807.84 Cr |
Tamilnad Mercantile Bank IPO opens on Sep 5, 2022, and closes on Sep 7, 2022. The Tamilnad Mercantile Bank IPO bid date is from Sep 5, 2022 10.00 A.M. to Sep 7, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| IPO Open Date: | Sep 5, 2022 |
|---|---|
| IPO Close Date: | Sep 7, 2022 |
| Basis of Allotment Date: | Sep 12, 2022 |
| Initiation of Refunds: | Sep 13, 2022 |
| Credit of Shares to Demat Account: | Sep 14, 2022 |
| IPO Listing Date: | Sep 15, 2022 |
The Tamilnad Mercantile Bank IPO lot size is 28 shares. A retail-individual investor can apply for up to 13 lots (364 shares or ₹191,100).
| Minimum Lot Size: | Minimum 28 Shares for 1 lot |
|---|---|
| Minimum Amount: | ₹ 14,700 for 1 lot |
| Maximum Lot Size: | Maximum 364 Shares for 13 lot |
| Maximum Amount: | ₹ 191,100 for 13 lot |
