IPO

IPO Synopsis
Tamilnad Mercantile Bank Ltd
Registered Office: 57 Victoria Extension Road, , Thoothukudi - 628002 , Tamil Nadu , India.
Phone : 91-461-2325136   Fax:
Email :  secretarial@tmbank.in  
Website :  www.tmb.in
Initial public offering of 15,840,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Tamilnad Mercantile Bank Limited ("Bank" or "Issuer") for cash at a price of Rs. 510 per equity share (including a share premium of Rs. 500 per equity share) (the "Offer Price") aggregating to Rs. 807.84 crores* (the "Offer") comprising a fresh issue of 15,840,000 equity shares aggregating to Rs. 807.84 crores (the "Offer"). The offer constituted 10.00% of our post-offer paid-up equity share capital. The offer price is Rs. 510 per equity share and the offer price is 51 times the face value of the equity shares. * Subject to finalisation of the basis of allotment

Issue Money Payable On
Opens On Closes On Application Allotment
05-Sep-22 07-Sep-22 Rs510.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :28  Further Multiples of :28

  Rs Cr Lead Managers to the Issue
Project Cost 0.00
Axis Capital Ltd
Project Financed through Current Offer 807.84  
Post Issue Equity Share Capital 158.35  
Issue Price Rs510.00  
 
Projects
To be utilised towards Augmentation of the Bank's Tier-I Capital base to meet the Bank's future Capital Requirements
Promoted By
Listing At
BSE 
NSE 
Registrar to the Issue
Link Intime India Pvt Ltd  
No Data Found.