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Tamilnad Mercantile Bank Limited is an Banking And Finance based company, located in Thoothukudi, Tamilnad Mercantile Bank Limited IPO size was 807.84 Cr. and was issued at 510.00 per share. The share of Tamilnad Mercantile Bank Limited were listed at 508.45 per share and are currently trading at 447.20 per share.
*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.
Tamilnad Mercantile Bank operates in Banking And Finance and Bank. The Issue is listed on MainBoard in Sep, 2022. Tamilnad Mercantile Bank IPO size was 807.84 Cr. with Issue price of 510.00 .
Merchant Banker(s) of Tamilnad Mercantile Bank IPO: Axis Capital Limited , Motilal Oswal Investment Advisors Limited , SBI Capital Markets Limited
Tamilnad Mercantile Bank IPO subscription was 2.86 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Tamilnad Mercantile Bank IPO listed at a listing price of 508.45 against the offer price of 510.00.
The current market price of Tamilnad Mercantile Bank is 447.20.
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