31 Mar 2020
Assets42,758.80
Total Income3,992.53
Profit After Tax464.89
NET Worth3,979.65
Reserves and Surplus3,837.14
At a glance
Updated 2026-09-17Tamilnad Mercantile Bank is a Mainboard IPO with an issue size of ₹807.84 crore, proposed for listing on BSE, NSE. The offer opens on 5th Sep 2022 and closes on 7th Sep 2022. The issue structure includes a fresh issue of ₹807.84 crore. The current listing schedule points to 15th Sep 2022.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹807.84 Cr
Fresh issue₹807.84 Cr
Face value₹10
Price band₹500.00–₹525.00
Allotment12th Sep 2022
Listing15th Sep 2022
Grey market
GMP page ↗Latest GMP₹14.00
GMP / upper price2.67%
Est. listing₹539.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens5th Sep 2022
Closes7th Sep 2022
Allotment12th Sep 2022
Refund13th Sep 2022
Demat14th Sep 2022
Listing15th Sep 2022
Subscription demand
Full bidding ↗Total2.86×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 28 | ₹14,700 |
Company
Incorporated1921
Use of proceeds
| Object | Amount |
|---|---|
| Augmenting its Tier-I capital base tomeet its future capital requirements | ₹765.01 Cr |
| Total | ₹765.01 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue4,656.44₹ Cr · +9.5% vs prior year
PAT901.90₹ Cr · +37.9% vs prior year
Assets52,858.49₹ Cr · +11.2% vs prior year
Net Worth5,335.71₹ Cr · +16.5% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2021
Assets47,527.17
Total Income4,253.40
Profit After Tax654.04
NET Worth4,579.98
Reserves and Surplus4,437.47
31 Mar 2022
Assets52,858.49
Total Income4,656.44
Profit After Tax901.90
NET Worth5,335.71
Reserves and Surplus5,193.20
KPIs
| KPI |
|---|
| ROE |
| RoNW |
| PAT Margin |
Valuation & shareholding
Pre-IPO EPS57.67
Pre-IPO P/E9.22
Post-IPO P/E.
Market cap₹8313.45 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Tamilnad Mercantile Bank IPO | — | 9.22 x | — | — |
| Asset Reconstruction IPO | — | 11.07 x | — | — |
| Gaja Alternative IPO | — | 27.54 x | — | — |
| Turtlemint Fintech IPO | — | - | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| BRLMs fees | ₹21.45 Cr |
| Commission/processing fee for SCSBs and the Bankers to the Offer. Brokerage, underwriting commission and sellingcommission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs; andBrokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | ₹1.94 Cr |
| Fees payable to the Registrar to the Offer | ₹0.15 Cr |
| Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses | ₹2.77 Cr |
| Printing and stationery | ₹1.59 Cr |
| Advertising and marketing expenses | ₹7.66 Cr |
| Fee payable to legal counsel | ₹3.31 Cr |
| Miscellaneous | ₹3.96 Cr |
Registrar & lead managers
Registrar
MUFG Intime India Pvt.Ltd.Lead managers
- SBI Capital Markets Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-17.
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