Tamilnad Mercantile Bank IPO subscription status to start from Sep 05 to Sep 07, 2022. The Tamilnad Mercantile Bank IPO consists of 15,840,000 Equity Shares of ₹ 10 (aggregating up to ₹ [.] million). The price range for the offer has been fixed at ₹ [.] per share
Tamilnad Mercantile Bank IPO Subscription Status
TMB IPO Subscription Status is not available at the moment, check back this page on Sep 5, 2022 for live subscription status
| Day | Date | QIB | NII | Retail | Total |
| Day 1 | 05-Sep-2022 | 0.72x | 0.58x | 1.53x | 0.83x |
| Day 2 | 06-Sep-2022 | 0.98x | 1.27x | 3.61x | 1.53x |
| Day 3 | 07-Sep-2022 | 1.62x | 2.94x | 6.48x | 2.86x |
Tamilnad Mercantile Bank IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 28 | ₹ 14,700 |
| Maximum | 13 | 364 | ₹ 1,91,100 |
Tamilnad Mercantile Bank IPO Price – Details
| Description | TMB IPO Details |
|---|---|
| Public Issue | Initial Public Issue of upto 15,840,000 Equity Shares of ₹ 10 (aggregating up to ₹ 831.60 crore) |
| Issue Open Date | 05-Sep-22 |
| Issue Close Date | 07-Sep-22 |
| Issue Type | Book Built |
| IPO Price Band | ₹ 500 – ₹ 525 |
| Face Value | ₹ 10 |
| Market Lot | 28 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 28 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | NSE, BSE |
| NSE Symbol | TMB |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Tamilnad Mercantile Bank IPO Subscription Status – FAQs
How much Tamilnad Mercantile Bank IPO subscribed on Day 1?
The Tamilnad Mercantile Bank IPO subscribed 0.83 times on day 1
How much Tamilnad Mercantile Bank IPO subscribed on Day 2?
The Tamilnad Mercantile Bank IPO subscribed [.] times on day 2.
How much Tamilnad Mercantile Bank IPO subscribed on Day 3?
The Tamilnad Mercantile Bank IPO subscribed [.] times on day 3.
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