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
Who bid for it
| Investor category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| QIB Banks, funds and other large institutions | 47,52,000 | 76,86,392 | 1.62× |
| Foreign Institutional Investors | no separate quota | 5,22,116 | n/a |
| Domestic Financial Institutions | no separate quota | 61,25,784 | n/a |
| Mutual funds | no separate quota | 0 | n/a |
| Others | no separate quota | 10,38,492 | n/a |
| Non-institutional Wealthy individuals and companies bidding above ₹2 lakh | 23,76,000 | 69,89,920 | 2.94× |
| Non Institutional Investors | 15,84,000 | 49,09,940 | 3.10× |
| Corporates | no separate quota | 6,80,988 | n/a |
| Individuals | no separate quota | 23,96,856 | n/a |
| Others | no separate quota | 18,32,096 | n/a |
| Non Institutional Investors | 7,92,000 | 20,79,980 | 2.63× |
| Corporates | no separate quota | 10,780 | n/a |
| Individuals | no separate quota | 11,34,224 | n/a |
| Others | no separate quota | 9,34,976 | n/a |
| Retail Ordinary investors bidding up to ₹2 lakh | 15,84,000 | 1,02,62,980 | 6.48× |
| Cut Off | no separate quota | 80,28,272 | n/a |
| Price bids | no separate quota | 22,34,708 | n/a |
| Total | 87,12,000 | 2,49,39,292 | 2.86× |
Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 25 Jul, 07:19 pm IST.
How demand built
We hold no subscription readings for this issue.