Ticker > IPO > newlisted

IPO

Tamilnad Mercantile Bank Ltd.

The company is among one of the oldest and leading old private sector banks in India with a history of almost 100 years. It offers a wide range of banking and financial services primarily to micro, small and medium enterprises, agricultural and retail customers.

RHP
View
DRHP
View
Open Date

2022-09-05

Close Date

2022-09-07

IPO Details

Check out the issue details for Tamilnad Mercantile Bank Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 510

Price Band

₹ 500 - 525

Issue Size

831.6 Cr.

Issue Type

Book Built

Open

2022-09-05

Close

2022-09-07

Listingprice

₹ 495

ListingGain

-2.94%

Listing Date

2022-09-15

CMP

₹ 476.65

Current Return

-6.54%

Company Financials

You can get the following financial statements of Tamilnad Mercantile Bank Ltd. as of now.

Subscription Details

The details about the Tamilnad Mercantile Bank IPO is as:

  • The issue size of the IPO is 831.6 Cr.
  • The price band for Tamilnad Mercantile Bank IPO is Rs 500 to Rs 525.
  • The shares of Tamilnad Mercantile Bank IPO will list on 15th Sept 2022.
  • The latest tentative GMP of Tamilnad Mercantile Bank IPO is Rs 15.
  • The shares of Tamilnad Mercantile Bank IPO is subscribed 2.86 Times in total.

 

Tamilnad Mercantile Bank IPO Valuation

The approx valuation of Tamilnad Mercantile Bank IPO based on its price band and RHP/DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 525
Existing Shares (Qty) 14.25 Cr
Fresh Issue 831.6 Cr
Market Cap 8312.85 Cr
EPS Rs 57.67
PE Ratio 9.10x
Industry PE 11.85x

 

Tamilnad Mercantile Bank IPO Issue Size

Tamilnad Mercantile Bank IPO issue size is 831.6 Cr.

Issue Amount
Fresh Issue 831.6 Cr
Offer For Sale 0 Cr

 

Tamilnad Mercantile Bank IPO Market Lot

An Individual can apply for a minimum 1 lot of 28 shares and a maximum of 13 lots of 364 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 28 Rs 14,700
 Maximum 13 364 Rs 1,91,100

 

Tamilnad Mercantile Bank Ltd IPO Offer

The shares of Tamilnad Mercantile Bank IPO is subscribed 2.86 Times in total. The category-wise shares subscribed are as follows:

Category % Offered % Subscribed
Qualified Institutional Minimum 75% 1.62 Times
Non-Institutional Maximum 15% 2.94 Times
Retail Individual Maximum 10% 6.48 Times
Total   2.86 Times

 

Tamilnad Mercantile Bank IPO Grey Market Premium

As on GMP (Tentative)
9 Sept 2022 Rs 5
12 Sept 2022 Rs 15
13 Sept 2022 Rs 15
14 Sept 2022 Rs 15

It is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Allotment Details

Find below the dates for Tamilnad Mercantile Bank:

Schedule Date
Basis of Allotment 12 Sept 2022
Refunds 13 Sept 2022
Credit to Demat Account 14 Sept 2022
IPO Listing Date 15 Sept 2022

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Other Income 506.12 414.34 526.42 644.35 822.57
Profit Before Tax 221.92 258.58 407.69 798.36 1124.61
Net Profit 221.92 258.58 407.69 603.33 821.91
Adjusted EPS (Rs.) 15.57 18.14 28.61 42.34 57.67
Net Sales 3250.49 3224.46 3466.11 3609.05 3833.86

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 142.51 142.51 142.51 142.51 142.51
Total Reserves 3262.28 3475.74 3837.13 4437.47 5193.19
Borrowings 513 0 324 0 0
Total Liabilities 37919.95 40532.8 42758.8 47527.17 52858.49
Investments 10363.61 9106.59 9467.33 11703.21 13035.46
Net Block 140.3 138.38 128.45 137.18 210.84
Assets
Total Assets 37919.95 40532.8 42758.8 47527.17 52858.49
Current Assets 0 0 0 0 0
Capital WIP 0 0 0 0 0
* Other Non-current Liabilities include Net deferred Liabilities
X