Open IPOs Live GMP

LIVE

Runwal EnterprisesOPEN · Sub 1.02×German Green Steel & PowerOPEN · Sub 8.41×Orient Cables (India)OPEN · Sub 13.59×Himalayan SolarOPEN · Sub 0.76×Sai Urja Indo VenturesOPEN · Sub 0.31×AcevectorOPEN · Sub 1.52×Dudani RetailOPEN · GMP ₹4.00 Runwal EnterprisesOPEN · Sub 1.02×German Green Steel & PowerOPEN · Sub 8.41×Orient Cables (India)OPEN · Sub 13.59×Himalayan SolarOPEN · Sub 0.76×Sai Urja Indo VenturesOPEN · Sub 0.31×AcevectorOPEN · Sub 1.52×Dudani RetailOPEN · GMP ₹4.00

29 Sep 2026, 11:41 AM IST

Home / IPO / Tamilnad Mercantile Bank

LISTEDSME

Tamilnad Mercantile Bank IPO

Open 5th Sep 2022 · Close 7th Sep 2022 · Listing 15th Sep 2022

Price Band₹500.00–₹525.00

Live GMP₹14.00

Subscription2.86×

Issue Size₹807.84 Cr

OverviewOverview SubscriptionSubs.2.86×GMPGMP₹14.00 AllotmentAllot.12th Sep 2022

Timeline Lot Size Company Objectives Financials KPIs Valuation Peers Registrar Lead Managers Documents Expenses Anchors Recommendations

Peer Comparison

Company	Size	Revenue	Pat	Pe
Tamilnad Mercantile Bank IPO	₹ 807.84 Cr.	₹ 4,656.44 Cr.	₹ 901.90 Cr.	9.22 x
Asset Reconstruction IPO	₹ 732.97 Cr.	₹ 753.04 Cr.	₹ 351.68 Cr.	11.07 x
Gaja Alternative IPO	₹ 550.00 Cr.	₹ 135.51 Cr.	₹ 81.96 Cr.	27.54 x
Turtlemint Fintech IPO	₹ 882.67 Cr.	₹ 988.09 Cr.	₹ -249.85 Cr.	-

IPO UPDATE ALERTS

Track Tamilnad Mercantile Bank without missing an update

Register for subscription, GMP, allotment and listing notifications.

Register for IPO Updates →