![]() ![]() The bank aims to mobilise Rs 831.6 crore through the IPO at the upper end of the price band. Tamilnad Mercantile Bank IPO is a fresh issue of 1.58 crore equity shares. The IPO lot size is 28 shares, meaning a lot was available at Rs 14,700. Tamilnad Mercantile Bank IPO price band or share price was Rs 500-525 apiece. GPM is a premium amount at which grey market IPO shares are traded and it reflects how the IPO is likely to react on its listing day. ![]() Grey Market is an unofficial market where individuals buy/sell IPO shares before they officially hit the exchanges. Step 5: After filling all the boxes with the right details, hit submit to know the allotments status.Īccording to market observers, Tamilnad Mercantile Bank IPO grey market premium (GMP) today is Rs 7 per equity share. Step 4: Proceed to the next step and enter the application number and finally client ID Step 2: On this page enter the issue name, which is Tamilnad Mercantile Bank IPO, once activated Tamilnad Mercantile Bank IPO Allotment Status Check on Link Intime India Private Limited Step 4: Check ‘I am not a robot’ and hit submit to know the status. Step 3: Enter your application number and PAN card number. ![]() Share ownership analysis and investor relations provider in Australasia, Asia, UK, Europe and Africa. Registry and financial services provider in Australia and New Zealand. Registry and financial services provider in India. Step 2: Select ‘equity’ option and then issue name – ‘Tamilnad Mercantile Bank IPO’ from the dropdown Global registry and financial services alliance. The registrar for this IPO is Link Intime India Private Ltd, therefore the allotment application can be checked on the registrar’s website here or on the BSE website here. If allotted, the credit of shares to demat account of bidders will be done on Wednesday (September 14). The finalisation of the basis of share allotment of Tamilnad Mercantile Bank IPO is going to take place on Monday (September 12). ![]()
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