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IPO

IPO Details


Tamilnad Mercantile Bank Ltd
Registered Office: 57 Victoria Extension Road, , Thoothukudi - 628002, Tamil Nadu
Phone: 91-461-2325136
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-2022 07-Sep-2022 ₹ 510.00 ₹ 0.00
Minimum Application for shares in Nos : 28.0 Further Multiples of : 28.0
(₹)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 ₹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
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NSE
Registrar to the Issue
No Data Available

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