MARKET CLOSED
IPO
Tamilnad Mercantile Bank Limited
mainboardlistedRegistrar: Link Intime India Private Limited · Listing 2022-09-15
IPO Timeline
Today · 20 Oct 2026
Opens
05 Sept 2022
Closes
07 Sept 2022
Allotment
07 Sept 2022
Refund
13 Sept 2022
Demat
12 Sept 2022
Listing
15 Sept 2022
Price Band
₹500–525
GMP
₹0
0%
Lot Size
28 Shares
Min ₹14,700
Subscription
0x
Issue Size
₹832 Cr
Open
2022-09-05
Close
2022-09-07
Listing
2022-09-15
About the company
Strengths
Risks
Financial performance (₹ Cr)
IPO Roadmap / Timeline
Current Status · as of 20 Oct 2026
Listed
Listed on 15 Sept 2022
IPO Opens
Completed05 Sept 2022Bidding starts for all investor categories
IPO Closes
Completed07 Sept 2022Last day to place your bid
Basis of Allotment
Completed07 Sept 2022Share allotment finalised
Refund Initiation
Completed13 Sept 2022Refunds credited for non-allottees
Credit to Demat
Completed12 Sept 2022Allotted shares credited to demat account
Listing on Exchange
Completed15 Sept 2022Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
Lot Size
28 shares
Price / Share (upper)
₹525
Min Investment (1 lot)
₹14,700
Price Band
₹500–525
Retail
≤ ₹2,00,000
Min lots
1
Min shares
28
Min amount
₹14,700
Max amount
₹191,100
sHNI (Small HNI)
₹2L – ₹10L
Min lots
14
Min shares
392
Min amount
₹205,800
Max amount
₹999,600
bHNI (Big HNI)
> ₹10L
Min lots
69
Min shares
1932
Min amount
₹1,014,300
Max amount
₹1,087,800
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail | 1 | 28 | ₹14,700 | 13 | ₹191,100 | ≤ ₹2,00,000 |
| sHNI (Small HNI) | 14 | 392 | ₹205,800 | 68 | ₹999,600 | ₹2L – ₹10L |
| bHNI (Big HNI) | 69 | 1932 | ₹1,014,300 | 74 | ₹1,087,800 | > ₹10L |
Shares reserved per category & allotment probability
QIB
100% allotment
Reservation
50%
Amount
₹416 Cr
Shares offered
8,117,073
Shares bid
0
Subscribed
0.00x
NII
100% allotment
Reservation
15%
Amount
₹124.8 Cr
Shares offered
2,435,122
Shares bid
0
Subscribed
0.00x
Retail
100% allotment
Reservation
35%
Amount
₹291.2 Cr
Shares offered
5,681,951
Shares bid
0
Subscribed
0.00x
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 8,117,073 | 416 | 0 | 0.00x | 100% |
| NII | 15% | 2,435,122 | 124.8 | 0 | 0.00x | 100% |
| Retail | 35% | 5,681,951 | 291.2 | 0 | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
