IPO Price History
Closed
Tamilnad Mercantile Bank Limited logo

Tamilnad Mercantile Bank Limited IPO

Mainboard IPOListedTMBNSE
Current Market Price (CMP)
₹800.65(+56.99%)
Current Price (CMP)
₹800.65(+56.99%)

Live Market Quote

Listing Price & Gain
₹495(-2.94%)

Day 1 Exchange Open

IPO Issue Price
₹510

Band: ₹500 - ₹525

Total Subscription
2.86x

Overall Bid Demand

Total Issue Size
—

Gross Public Offer

IPO Schedule & Key Dates

IPO Bidding Opens
05 Sept 2022
IPO Bidding Closes
07 Sept 2022
Allotment & Refunds
Completed
Exchange Listing Day
15 Sept 2022

IPO Subscription Status

Breakdown of institutional, high-net-worth, and retail bidding demand

Overall Demand: 2.86x
Investor CategorySubscriptionDemand Scale
Qualified Institutional Buyers (QIB)1.62x
Non-Institutional Investors (NII / HNI)2.94x
Retail Individual Investors (RII)6.48x
Total Subscription2.86x
Updated as on 07-Sep-2022 18:57:00

Listing Day & Return Performance

Listing Day Gain-2.94%
₹510 (Issue) → ₹495 (List)
Per share profit: ₹-15.00
Holding Return (Till Date)+56.99%
₹510 (Issue) → ₹800.65 (CMP)
Net gain per share: +₹290.65
Post-Listing Performance (Listing Day → Today):+61.75%

About Tamilnad Mercantile Bank Limited IPO

Tamilnad Mercantile Bank Limited is an Indian public offering categorized under the Mainboard segment. The public issue opened for bidding on 05 Sept 2022 and concluded on 07 Sept 2022, offering equity shares to institutional, non-institutional, and retail investors with an indicative price band of ₹500 - ₹525.

During the bidding window, Tamilnad Mercantile Bank Limited recorded an overall subscription of 2.86 times. Institutional investors (QIB) subscribed 1.62x, non-institutional high-net-worth investors (NII) subscribed 2.94x, and retail individual investors (RII) bid 6.48x their reserved quota.

The equity shares of Tamilnad Mercantile Bank Limited officially debuted on the stock exchanges on 15 Sept 2022 at an opening listing price of ₹495, delivering a listing day return of -2.94% (discount) over the final issue price. As per the latest market data, the stock trades at ₹800.65, representing an overall gain of +56.99% since its IPO allotment.

Frequently Asked Questions

What was the issue price or price band of Tamilnad Mercantile Bank Limited IPO?
The issue price of Tamilnad Mercantile Bank Limited IPO was fixed at ₹510 per equity share. The indicative bidding price band was ₹500 - ₹525.
What were the open, close, and listing dates for Tamilnad Mercantile Bank Limited IPO?
Tamilnad Mercantile Bank Limited IPO opened on 05 Sept 2022, closed on 07 Sept 2022, listed on 15 Sept 2022.
How much was Tamilnad Mercantile Bank Limited IPO subscribed?
The IPO received an overall subscription of 2.86 times. Category-wise, QIBs subscribed 1.62x, NIIs subscribed 2.94x, and Retail investors subscribed 6.48x.
What was the listing price and listing gain of Tamilnad Mercantile Bank Limited IPO?
Tamilnad Mercantile Bank Limited IPO listed on the stock exchange at ₹495, delivering a listing discount of 2.94% compared to the IPO issue price of ₹510.
Is Tamilnad Mercantile Bank Limited IPO a Mainboard or SME IPO?
Tamilnad Mercantile Bank Limited IPO is a Mainboard IPO listed on the main exchange of NSE.
What is the current return of Tamilnad Mercantile Bank Limited IPO since its IPO?
At the latest market quote of ₹800.65, Tamilnad Mercantile Bank Limited IPO has generated an all-time return of +56.99% since its initial public offering.

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