Tamilnad Mercantile Bank Ltd.
NSE & BSE₹500–525
₹ 457 Cr
28 Shares
₹ 14,000
₹10
Financial Summary
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| 5,81,94,145 | 5,29,12,670 | |
| 87,70,756 | 85,04,861 | |
| 6,69,64,901 | 6,14,17,531 | |
| 4,88,98,925 | 4,56,68,659 | |
| 1,80,65,976 | 1,57,48,872 | |
| 1,33,75,476 | 1,18,26,072 |
Subscription Details
IPO Timeline
IPO Offer Start
5 Sept 2022
IPO Offer Ends
7 Sept 2022
15 Sept 2022
Book Running Lead Managers
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.
Tamilnad Mercantile Bank Ltd. Latest News
News
Tamilnad Mercantile Bank submits analyst meet intimation
Tamilnad Mercantile Bank submits board meeting intimation
Tamilnad Mercantile Bank informs about closure of trading window
Tamilnad Mercantile Bank informs about unaudited financial results
Tamilnad Mercantile Bank informs about analyst presentation
Tamilnad Mercantile Bank soars on registering 27% rise in total advances in Q1FY27
Total business stood at Rs 1,21,715 crore (provisional) as of June 30, 2026
Tamilnad Mercantile Bank registers 27% rise in total advances in Q1FY27
Total business stood at Rs 1,21,715 crore (provisional) as of June 30, 2026
IPO FAQs
The Tamilnad Mercantile Bank Ltd. IPO has a total of ₹457 crore, calculated at the upper end of the .
The Tamilnad Mercantile Bank Ltd. IPO is priced at ₹500–525 per share. bids must fall within this , against a of ₹10 per share.
The for the Tamilnad Mercantile Bank Ltd. IPO is 28 shares, which is also the minimum order quantity — you have to apply for at least 28 shares, and in multiples of 28 beyond that.
The minimum investment in the Tamilnad Mercantile Bank Ltd. IPO is about ₹14,000 — one lot of 28 shares, calculated at the lower end of the .
Bidding at the cut-off or upper price raises the amount blocked in your account.
The Tamilnad Mercantile Bank Ltd. opens on 5 Sept 2022 and closes on 7 Sept 2022.
Applications have to be in before 5:00 PM IST on the closing day, and your UPI mandate needs to be approved by then as well.
Tamilnad Mercantile Bank Ltd. shares were listed on 15 Sept 2022 on BSE and NSE.
MUFG Intime India Pvt Ltd. is the for the Tamilnad Mercantile Bank Ltd. IPO.
The registrar processes the , refunds and the credit of shares to your demat account, so allotment-status queries go to them — phone +91 810 811 8484 and email rnt.helpdesk@in.mpms.mufg.com.
Tamilnad Mercantile Bank Ltd. IPO shares are listed on BSE and NSE.
Each Tamilnad Mercantile Bank Ltd. share has a of ₹10.
Face value is the nominal value recorded in the company's books and is separate from the issue price you pay.
Axis Capital Ltd., Motilal Oswal Investment Advisors Pvt Ltd and SBI Capital Markets Ltd are the for the Tamilnad Mercantile Bank Ltd. IPO.
Pre-apply means placing your Tamilnad Mercantile Bank Ltd. application before the subscription window actually opens. The bid is held and forwarded to the exchange on the opening day, so you don't have to submit it in the rush of the first morning.
Applying early doesn't improve your chances — when an issue is oversubscribed, the for investors is decided by a lottery, not by who applied first. Your money is only blocked once the application reaches the exchange.
You can apply in the Tamilnad Mercantile Bank Ltd. IPO online using either UPI or ASBA as the payment method. ASBA applications are made through the net banking of a bank account that supports IPO applications — the bank blocks the amount in your account instead of debiting it. UPI applications are offered by brokers that don't provide banking services: you enter your UPI ID and then approve the mandate request in your UPI app.
Either route needs a demat account. You bid for at least one lot, at a price within the or at the cut-off price, and the money stays blocked in your bank account until the is finalised.
Your broker or bank confirms the bid once it has been submitted to the exchange, usually within a few minutes during the bidding window. A UPI application only goes live after you approve the mandate request — ignore it and the bid lapses, even though it looks placed.
You can check the Tamilnad Mercantile Bank Ltd. bid independently on the NSE or BSE IPO bid-verification page a day after applying. An ASBA application also shows up as a blocked amount in your bank statement.