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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
R
s
510.00-0.00
R
s
0.00-0.00
Minimum Application for shares in Nos :28 Further Multiples of :28
R
s
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
R
s
510.00
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.