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Tamilnad Mercantile Bank Limited IPO Share Price

Tamilnad Mercantile Bank Limited IPO Details
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 IPO Tentative Timetable

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

Tamilnad Mercantile Bank IPO Lot Size

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

Tamilnad Mercantile Bank Limited IPO

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