Tamilnad Mercantile Bank IPO

Tamilnad Mercantile Bank IPO Day 2: The initial public offering (IPO) of Tamilnad Mercantile Bank opened for subscription on Monday, September 5.

Tamilnad Mercantile Bank (TMB) is one of the oldest private sector banks with a history of 101 years, having been established in 1921 as Nadar Bank. [IPO](https://www.news18.com/topics/ipo/) Day 2: The initial public offering (IPO) of Tamilnad Mercantile Bank opened for subscription on Monday, September 5. It It will be challenging for the bank to grow its business in Tamil Naidu as well as new geographics. Tamilnad Mercantile Bank’s net profit has grown at a CAGR of almost 42 per cent between the years ended March 2020 and March 2022, according to Axis Securities. The broker said investors can apply for the IPO with a long term view. The IPO received bids for 72,56,228 shares against 87,12,000 shares on offer, according to data available with the NSE.

The initial public offer of 1.58 crore equity shares is in a price range of ₹500-525 per share. Private sector lender Tamilnad Mercantile Bank on Friday ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). [SBI Capital Markets](/topic/sbi-capital-markets)are the managers to the offfer. [Tamilnad Mercantile Bank](/topic/tamilnad-mercantile-bank)received 83% subscription on the first day on Monday. [MSME](/small-biz/msme)), agricultural and retail customers. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) At the upper end of the price band, the bank is expected to mobilise ₹831.6 crore through the IPO.

Tamilnad Mercantile Bank plans to raise Rs 831.60 crore through its public issue, of which Rs 363 crore has already been raised from the anchor book on ...

It has built a strong presence in Tamil Nadu, with 369 branches and 949 ATMs as of March 2022. Tamilnad Mercantile Bank is one of the oldest private sector banks in India with consistent financial performance and healthy asset quality. However, a change in management and pending legal proceedings in relation to shareholding remain risks, the brokerage feels. The company plans to raise Rs 831.60 crore through its public issue, of which Moneycontrol.com advises users to check with certified experts before taking any investment decisions. The offer received bids for 92.09 lakh shares against IPO size of 87.12 lakh shares, getting subscribed 1.02 times.

The Rs 831.6-crore public offer received bids for 88,32292 shares, against 87,12000 shares on offer, according to an update available with the NSE till ...

The company’s equity shares are proposed to be listed on BSE and NSE. Retail Individual Investors (RIIs) category received 2.15 times subscription. The Rs 831.6-crore public offer received bids for 88,32,292 shares, against 87,12,000 shares on offer, according to an update available with the NSE till 10:51 am.

Tamilnad Mercantile Bank IPO: The TMB is one of the oldest private sector banks in India. It offers a wide range of banking and financial services to micro, ...

The TMB is one of the oldest private sector banks in India. The bank had a customer base of around 5.08 million as of March 2022. With a history of over 100 years, the bank has 509 branches as of March 2022. Tamilnad Mercantile Bank IPO: The TMB is one of the oldest private sector banks in India. On first day, the IPO had received 83 per cent subscription. According to an update with the National Stock Exchange at 10.51 am on Tuesday, the IPO received bids for 88.32 lakh shares against 87.12 lakh shares on offer, PTI reported.

Tamilnad Mercantile Bank का IPO पहले दिन 83% सब्सक्राइब हुआ और रिटेल निवेशकों ने अपने हिस्से के ...

तमिलनाड मर्केंटाइल बैंक के IPO का प्राइस बैंड 500-525 रुपए है। बैंक इश्यू से करीब 832 करोड़ रुपये जुटाने की तैयारी में है। इश्यू से जुटाए गए पैसों का इस्तेमाल बैंक की कैपिटल की जरूरतों को पूरा करने के लिए टियर-1 पूंजी को बढ़ाने में किया जाएगा। इश्यू का लॉट साइज 28 शेयरों का तय किया गया है। रिटेल निवेशकों ने पहले दिन अपने हिस्से के शेयरों के लिए 1.53 गुना अधिक बोली लगाई। वहीं क्वॉलिफाइड इंस्टीट्यूशनल इनवेस्टर्स (QIB) ने अपने हिस्से के 73 फीसदी शेयर सब्सक्राइब किया। नॉन-इंस्टीट्यूशनल इनवेस्टर्स (NII) ने अपने कोटे के 58 फीसदी शेयर सब्सक्राइब किए। बता दें कि तमिलनाडु मर्केंटाइल बैंक का आईपीओ बुधवार 7 अगस्त को बंद होगा और तब तक निवेशक इसके लिए बोली लगा सकते हैं। तमिलनाड मर्केंटाइल बैंक (Tamilnad Mercantile Bank) का इनीशियल पब्लिक ऑफर (IPO) आज यानी सोमवार 5 अगस्त को बोली के खुला और पहले दिन 83 फीसदी सब्सक्राइब हुआ। कंपनी ने आईपीओ के तहत कुल 87.12 लाख शेयरों को बिक्री के लिए रखा है, जिसके बदले में अभी तक उसे 72.56 लाख शेयरों के लिए बोली चुकी है।

तमिलनाडु मर्केंटाइल बैंक का आईपीओ (Tamilnad Mercantile Bank IPO) सब्सक्रिप्शन के लिए खुल गया है.

बैंक का रेवेन्यू वित्त वर्ष 2020 में 3992.53 करोड़ से वित्त वर्ष 2022 में 4656.44 करोड़ रुपये बढ़ा है. उनका सुझाव है कि निवेशकों को इस शेयर की बजाए उन लिस्टेंड बैंक के शेयरों में पैसा लगाना चाहिए, जहां मैनेजमेंट ट्रैक रिकॉर्ड बेतर है. इसी अवधि में मुनाफा 464.89 करोड़ रुपये से बढ़कर 901.9 करोड़ रुपये हो गया है. बैंक भविष्य की पूंजी आवश्यकताओं को पूरा करने के लिए अपने टियर- I पूंजी आधार को बढ़ाने के लिए इश्यू से प्राप्त आय का उपयोग करेगा. बैंक को अपने आईपीओ के माध्यम से ₹831.6 करोड़ जुटाने की उम्मीद है. पहले ही दिन इस आईपीओ को निवेशकों की तरफ से अच्छा रिस्पॉन्स मिल रहा है.

निजी क्षेत्र के बैंक (Tamilnad Mercantile Bank) को सोमवार को निर्गम के पहले दिन 83 प्रतिशत बोली मिल ...

यह आईपीओ निवेशकों (IPO investors) के लिए 5 सितंबर को खुला और 7 सितंबर तक निवेश का मौका है. 12 ...

बैंक के फाइनेंशियल की बात करें तो 31 मार्च 2022 के आधार पर बैंक का टोटल असेट 52858 करोड़ का था. यह बैंक माइक्रो, स्मॉल एंड मीडियम एंट्रप्राइजेज (SME), एग्रीकल्चर और रिटेल कस्टमर्स को लोन बांटती है. अधिकतम 13 लॉट यानी 364 शेयरों के लिए बोली लगाई जा सकती है. रिटेल इन्वेस्टर्स मिनिमम एक लॉट यानी 28 शेयर के लिए बोली लगा सकते है. वहीं, क्वॉलिफाइड इंस्टीट्यूशनल इन्वेस्टर्स कैटिगरी में 73 फीसदी और नान-QII कैटिगरी में 84 फीसदी अभिदान मिला. डीमैट अकाउंट में 14 सितंबर को शेयर क्रेडिट हो जाएगा.

तमिलनाडु मर्केंटाइल बैंक का आईपीओ कल यानी बुधवार 7 अगस्त को बंद होगा और निवेशक तब तक इसके ...

बाजार के जानकारों के मुताबिक तमिलनाड मर्केंटाइल बैंक के शेयर 15 रुपये के प्रीमियम पर ट्रेड हो रहे हैं। इसका मतलब हुआ कि ग्रे मार्केट को बैंक के शेयर प्राइस बैंड के अपर प्राइस से करीब 15 रुपये अधिक यानी कि 540 रुपये पर लिस्ट होने की उम्मीद है। एक दिन पहले यह 25 रुपये के प्रीमियम भाव पर था। जानकारों के मुताबिक सिर्फ ग्रे मार्केट से मिले संकेतों के आधार पर निवेश करना सही नहीं है बल्कि इसकी बजाय कंपनी के फंडामेंटल्स और वित्तीय प्रदर्शन के आधार पर फैसला लेना चाहिए। तमिलनाड मर्केंटाइल बैंक के IPO का प्राइस बैंड 500-525 रुपए है। बैंक इश्यू से करीब 832 करोड़ रुपये जुटाने की तैयारी में है। इश्यू से जुटाए गए पैसों का इस्तेमाल बैंक की कैपिटल की जरूरतों को पूरा करने के लिए टियर-1 पूंजी को बढ़ाने में किया जाएगा। इश्यू का लॉट साइज 28 शेयरों का तय किया गया है। तमिलनाड मर्केंटाइल बैंक (Tamilnad Mercantile Bank) के इनीशियल पब्लिक ऑफर (IPO) के लिए बोली लगाने का आज यानी मंगलवार 6 सितंबर को दूसरा दिन है। IPO को दूसरे दिन भी निवेशकों से अच्छी प्रतिक्रिया मिलती दिख रही है और दोपहर 2 बजे, खबर लिखे जाने के समय तक यह करीब 1.11 गुना सब्सक्राइब हो चुका था। बैंक ने IPO के तहत कुल 87.12 लाख शेयर बिक्री के लिए रखे हैं, जिसके बदले में अभी तक उसे 96.89 लाख शेयरों की बोली मिल चुकी है।

Tamilnad Mercantile Bank IPO : तमिलनाड मर्केंटाइल बैंक के 831.6 करोड़ रुपये के आरंभिक सार्वजनिक निर्गम ( ...

वहीं पात्र संस्थागत खरीदार श्रेणी में 73 प्रतिशत तथा गैर-संस्थागत निवेशक श्रेणी में 84 प्रतिशत अभिदान मिला. खुदरा व्यक्तिगत निवेशक (RII) श्रेणी में 2.15 गुना अभिदान मिला. Also Read -

On Monday – the first day, the shares received about 83 per cent subscription. Shares reserved for retail investors were, however, oversubscribed. So far, the ...

Also, with its strong asset quality, underwriting practices and risk management policies and procedures and consistent financial performance, we recommend “Subscribe” on the issue for the long term,” brokerage Hem Securities said in a report. The company had set a price band of Rs 500-525 per share for the IPO. Tamilnad Mercantile Bank’s total number of branches stood at 509 as of March 31, 2022.

Tamilnad Mercantile Bank IPO: तमिलनाड मर्केंटाइल बैंक का आईपीओ 831.6 करोड़ रुपये का है।

Retail Individual Investors (RIIs) category received 2.15 times subscription. The portion for non institutional investors got subscribed 84 per cent and ...

(example: u cannot substitute for you, d is not 'the', n is not 'and'). Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. Retail Individual Investors (RIIs) category received 2.15 times subscription.

Tamilnad Mercantile Bank's dedicated customer base, strong financial track record, healthy asset quality and reasonable valuation make analysts bullish on ...

The bank's total deposits have risen at a CAGR of 10.5 per cent in FY20-22, while its advances grew at 9.9 per cent over the same period. The company plans to expand its branches once the restrictions of the listing are lifted by the RBI. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. Its current account savings accounts (CASA) contributed 30.5 per cent to total deposits, while retail term deposits contributed 87.1 per cent to total term deposits. Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. The bank is well capitalized with a capital adequacy ratio of 20.4 per cent, as of March 31, 2022. Of its 5.08 million customers, 80 per cent have been associated with TMB for a period of over five years. The bank’s deposit base is consistently growing with a focus on low-cost retail CASA. The brokerage said TMB’s asset quality outcomes are at a stable and benign stage with the loan growth performance and outlook being also reasonable. At Rs 525, the company aims to raise Rs 832 crore to augment its tier–I capital base to meet its future capital requirements. The price band of the issue is fixed at Rs 500-525.

The initial public offering (IPO) of Tamilnad Mercantile Bank opened for subscription on Monday, September 5. The IPO will close on September 7, ...

It offers a wide range of banking and financial services primarily to Micro, Small and Medium Enterprises (MSME), agricultural and retail customers. Of which, nearly 80 per cent comprised customers who were associated with the bank for more than five years. On Friday, the Tamilnad Mercantile Bank faced a serious challenge from a group of investors seeking to stall the ₹ 832-crore initial public offering by the lender.

The issue has attracted bids for 27,48396 shares or 0.32 times the issue size of 87,12000 shares. The quota reserved for retail individual investors (RIIs) ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). YES Securities in its comparison of 11 small private banks said the three-year FY19-22 loan CAGR for TMB at 8.1 per cent is the fourth best. "TMB is being offered at 1.35 times FY22 BV, at a slight discount to peer banks having similar return ratio profiles. "Importantly, given the business model of TMB, we do not see these return ratios as volatile, going forward. TMB, it said, stands out among the old generation private banking peers on most metrics. On the table is a fresh issue of 1,58,40,000 shares being sold in Rs 500-525 price band. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) The quota reserved for retail individual investors (RIIs) was subscribed 0.76 times, qualified institutional buyers by 0.30 times and NII by 0.08 times. Most analysts said the asking valuations are attractive when compared with peers, but the bank’s future growth would be subject to pending legal actions. Meanwhile, the cost of deposits for TMB at 4.9 per cent for FY22 is the second highest in its universe, although not necessarily high in the absolute sense. The brokerage believes TMB can sustain ROA at around 1.5 per cent levels in coming years on the back of stable NIM at around 4 per cent levels and a decline in credit cost to below 1 per cent. The cost to assets for TMB at 2.2 per cent for FY22 stood at the fifth lowest, it said, adding that the cost to income ratio at 42.1 per cent for FY22 was the second best in its comparison universe.

Analysts on Dalal Street are bullish on the initial public offering (IPO) of Tamilnad Mercantile Bank (TMB) which hit the primary market on September 5.

Bank with its strong presence in Tamil Nadu and focus to increase presence in other strategic regions is consistently growing its deposit base with a focus on low-cost retail CASA. However, a change in management and pending legal proceedings in relation to shareholding remain risks. Although, the bank has a strong legacy, loyal customer base and has focus on improving its servicing framework. TMB has built a strong presence in Tamil Nadu, with 369 branches and 949 ATMs as of March 2022. The public offer has received bids for 5,49,388 shares so far against 87,12,000 shares offered by the bank. The lender is one of the oldest and leading private sector banks in India, with a history of close to 100 years.

Tamilnad Mercantile Bank's outgoing MD and CEO KV Rama Moorthy, on September 5, said that it is going public since the Reserve Bank of India has been asking ...

However, said Moorthy, the bank’s ROE and ROA might get affected temporarily. And various disputes are being handled at different levels as of now.” Shares of TMB — one of the country's oldest private sector lenders — are available for bidding in a price band of Rs 500-525 in multiples of 28 under the IPO.

The private sector bank has been subscribed 0.83 times on the first day of the IPO subscription process.The private sector bank will raise ₹832 crore ...

Given the consistency in its performance over past periods and healthy return ratio, we recommend a Subscribe-Long Term,” said a report by Anand Rathi. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges. It was initially formed as Nadar Bank on May 11, 1921 and its name was changed to Tamilnad Mercantile Bank in 1962. As of March 31, 2022 Tamil Nadu contributed to 75% of its deposits and advances. The private sector bank is planning to raise ₹832 crore through a fresh issue of 1.58 crore shares. Its advances portfolio primarily consists of retail customers, agricultural customers and MSMEs. Advertisement