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Tamilnad Mercantile Bank Limited IPO. Incorporated in 1921, Tamilnad Mercantile Bank (TMB) is one of the oldest private sector banks in India. It offers an array of banking and financial services to retail customers, micro, small, and medium enterprises (MSMEs), and more. TMB has a strong portfolio of advances and deposits from a diversified customer base including retail customers, agricultural customers, and MSMEs. As of March 31, 2022, the bank has a strong branch network of 509 branches and a total customer base of 5.08 million. TMB has a significant market presence in the state of Tamil Nadu with 369 branches, and is also present in 15 other states and 4 union territories of India. Tamilnad Mercantile Bank Limited IPO Details IPO Size INR 65.58 CR IPO Opening Date 05, Sep 2022 IPO Closing Date 07, Sep 2022 Allotment Date 12, Sep 2022 IPO Listing Date 15, Sep 2022

Tamilnad Mercantile Bank Limited IPO. Incorporated in 1921, Tamilnad Mercantile Bank (TMB) is one of the oldest private sector banks in India. It offers an array of banking and financial services to retail customers, micro, small, and medium enterprises (MSMEs), and more. TMB has a strong portfolio of advances and deposits from a diversified customer base including retail customers, agricultural customers, and MSMEs. As of March 31, 2022, the bank has a strong branch network of 509 branches and a total customer base of 5.08 million. TMB has a significant market presence in the state of Tamil Nadu with 369 branches, and is also present in 15 other states and 4 union territories of India. Tamilnad Mercantile Bank Limited IPO Details IPO Size INR 65.58 CR IPO Opening Date 05, Sep 2022 IPO Closing Date 07, Sep 2022 Allotment Date 12, Sep 2022 IPO Listing Date 15, Sep 2022 Price Band ₹500 to ₹525 per share Minimum 28 Shares Maximum 364 Shares Click on the link to open your Demat account and start trading