Tamilnad Mercantile Bank Shares Lists At 3% Discount

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Tamilnad Mercantile Bank shares debut at Rs 495 on NSE against issue price of Rs 510 per share.

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The IPO of the company came on 05 september 2022 for Rs 831-crore initial public offering (IPO). During the time of listing, the company had a market capitalisation of Rs 8,075.92 crore.

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The Tamilnad Mercantile Bank initial public offer (IPO) was subscribed 2.86 times on the last day of subscription.

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Tamilnad Mercantile Bank IPO’s he (RIIs) category was subscribed 6.48 times and (QIBs) category was subscribed 1.62 times. The (NIIs) category was subscribed 2.94 times.

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Tamilnad Mercantile Bank is 100-year-old private sector bank having a network of 509 branches, 282 cash recycler machines (CRMs), 12 administrative offices, 1,141 ATMs, and 101 E-lobbies.

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Tamilnad Mercantile Bank share price prediction can not be possible now as it has just got listed today. You may check other's advise. For more information about market click the link below .

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Tamilnad Mercantile Bank Shares Lists At 3% Discount

Tamilnad Mercantile Bank shares made its debut today on 15 september 2022. Shares of the company got listed at a discount of 3 per cent.

Tamilnad Mercantile Bank shares debut at Rs 495 on NSE against issue price of Rs 510 per share.