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Tamilnad Mercantile Bank Ltd
Tamilnad Mercantile Bank Ltd
Registered Office : 57 Victoria Extension Road,,Thoothukudi Tamil Nadu 628002 Phone : 91-461-2325136
Fax :
Email : secretarial@tmbank.in
Website : www.tmb.in
Initial public offering of 15,840,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Tamilnad Mercantile Bank Limited ("Bank" or "Issuer") for cash at a price of Rs. 510 per equity share (including a share premium of Rs. 500 per equity share) (the "Offer Price") aggregating to Rs. 807.84 crores* (the "Offer") comprising a fresh issue of 15,840,000 equity shares aggregating to Rs. 807.84 crores (the "Offer"). The offer constituted 10.00% of our post-offer paid-up equity share capital. The offer price is Rs. 510 per equity share and the offer price is 51 times the face value of the equity shares. * Subject to finalisation of the basis of allotment
Opens On
Closes On
05-Sep-2022
07-Sep-2022
Application
Allotment
510.00
0.00
Minimum Application for shares in Nos : 28.0 Further Multiples of : 28.0
₹Cr
Lead Managers to the Issue
Project Cost (₹.Cr)
Project Financed through Current Offer (₹.Cr)
Post Issue Equity Share Capital (₹.Cr)
Issue Price (₹.Cr)
0.00
807.84
158.35
510.00
Axis Capital Ltd
Motilal Oswal Investment Advisors Ltd
SBI Capital Markets Ltd
- To be utilised towards Augmentation of the Bank's Tier-I Capital base to meet the Bank's future Capital Requirements
- BSE
- NSE
- MUFG Intime India Pvt Ltd