T

Tamilnad Mercantile Bank Ltd.

BSE
ListedListed on 15 Sept 2022-2.9%

₹500–525

₹ 457 Cr

28 Shares

₹ 14,000

₹10

Financial Summary

Standalone(in ₹ million)
ParticularsFY 2025-26FY 2024-25
5,81,94,1455,29,12,670
87,70,75685,04,861
6,69,64,9016,14,17,531
4,88,98,9254,56,68,659
1,80,65,9761,57,48,872
1,33,75,4761,18,26,072

Subscription Details

Subscription data not yet available

IPO Timeline

IPO Offer Start

5 Sept 2022

IPO Offer Ends

7 Sept 2022

15 Sept 2022

Book Running Lead Managers

Axis Capital Ltd.Motilal Oswal Investment Advisors Pvt LtdSBI Capital Markets Ltd

About the Company

We are one of the oldest and leading old private sector banks in India with a history of almost 100 years (Source: CRISIL Report). We offer a wide range of banking and financial services primarily to micro, small and medium enterprises (“MSME”), agricultural and retail customers (“RAM”). As of June 30, 2021, we have 509 branches, of which 106 branches are in rural, 247 in semi-urban, 80 in urban and 76 in metropolitan centres. Our overall customer base is approximately 4.93 million as of June 30, 2021 and 3.45 million or 69.96% of our customers have been associated with us for a period of more than five years and have contributed to ? 275,619 million or 67.02% to our deposits and ? 179,638.99 million or 57.56% to our advances portfolios as of June 2021. As per the CRISIL Report, we had the second highest Net Profit for Fiscal 2021 amongst our Peers, and our Return on Assets was also higher at 1.3% compared to a median 0.7% for our Peers for Fiscal 2021.