The overall customer base of Tamilnad Mercantile Bank is approximately 5.08 million as of March 31, 2022, and 4.05 million or 79.78% of its customers have been associated with the bank for a period of more than five years and have contributed to Rs. 350,142.39 million or 77.93% to deposits and Rs. 219,022.26 million or 64.90% to advances portfolios as of March 2022.
As per the CRISIL Report, it had the second highest Net Profit for Fiscal 2022 amongst its peers, and its Return on Assets was also higher at 1.66% compared to a median of 0.80% for Peers for Fiscal 2022.
The public offer of Tamilnad Mercantile Bank comprises a fresh issue of 1.58 crore equity shares aggregating up to Rs. 831.6 crores at the upper end of the price band.
Financial Snapshot
Financial Year Ended | Revenue (₹ Crores) | Profit for the period (₹ Crores) | EPS (₹) |
March 2020 | 3,992.52 | 464.89 | 28.61 |
March 2021 | 4253.40 | 654.04 | 42.34 |
March 2022 | 4,656.44 | 901.90 | 57.67 |
IPO Schedule
Issue Period | 5th September to 7th September 2022 |
Finalization of Allotment | 12th September 2022 |
Initiation of Refunds | 13th September 2022 |
Credit of Shares | 14th September 2022 |
Date of Listing | 15th September 2022 |
Mandate end date | 23rd September 2022 |
Anchor Investors Lock-In End Date | 7th October 2022 |
How do I apply to the Tamilnad Mercantile Bank Limited IPO?
You can apply for the Tamilnad Mercantile Bank Limited IPO using any supported UPI app by following two steps:- Enter your bid on Kite
- Accept UPI mandate on your phone
Where do I check the allotment status for Tamilnad Mercantile Bank Limited IPO?
You can check the allotment status for the Tamilnad Mercantile Bank Limited IPO on the website of the Registrar and Transfer agent.Alternatively, you can also check the allotment status on the NSE website.