Rajendra Sep 2, 2022
Mid Cap
Oct 8, 1995
Nifty Midcap 150
(A Small Cap Fund)
The 100-year-old bank announced its ₹830 crore IPO, which will be open from 5 September to 7 September.
Highlights
The bank was started in 1921 under the name "Nadar Bank Limited," & its name was changed to "Tamilnad Mercantile Bank Limited" in 1962.
Establishment
strong presence with 369 branches and 238 cash recycling machines in addition to 941 automated teller machines (ATMs).
Presence
Open Dt - 5 Sep 2022
Close Dt - 7 Sep 2022
Price Band - 500- 525
Lot Size - 28 share
Face Value - 10 per share
Continue
1 Lot - 14,700
Listing - BSE / NSE
Registrar - Link Intime Pvt Ltd
Allotment Dt - 12 Sep 2022
• Trustworthy risk management & effective underwriting practices
• 100-year history; 4.91 million customers; & CAGR of 5% in the last 3 years.