ListedMainboardTMB
Tamilnad Mercantile Bank Limited
Tamilnad Mercantile Bank Limited is a mainboard IPO raising ₹832 Cr at ₹500 – ₹525 a share. It listed on 15 Sept 2022 and trades at ₹877 today, +67.0% against its issue price of ₹525. It was subscribed 2.86× in total.
₹525
Issue price
₹877
Price now
+67.0%
Since issue price
15 Sept 2022
Listed on
2.86×Subscribed (final) · all exchanges
2.9 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Lead managers, and how their past issues have done
Median return since issue price across every IPO we hold this bank on. Not a forecast for this issue — a record.
| Lead manager | IPOs we hold them on | Of which we can price | Median return since issue |
|---|---|---|---|
| Axis Capital Limited | 113 | 100 | +25.5% |
| Motilal Oswal Investment Advisors Limited | 44 | 40 | +19.6% |
| SBI Capital Markets Limited | 63 | 53 | +6.4% |
A bank appears on an issue we can price only when the company is matched to our price history, so the two counts differ. See the full league table →
Registrar
Contact them about allotment, refunds or unblocking your application amount — not the company, and not the exchange.
NameLink Intime India Private Limited
ContactShanti Gopalkrishnan
Emailtmb.ipo@linkintime.co.in
Phone+91 022 4918 6200
Websitehttps://linkintime.co.in/ ↗