Bank

How to verify through the ESB, the Registrar’s website

Tamilnad Mercantile Bank IPO Share Allocation Today: The allotment of Tamilnad Mercantile Bank Ltd public issue shares will be allotted today, September 12, 2022. It has raised Rs 831.60 crore through its public issue. The IPO was launched with a price range of Rs 500-525 per share. After the announcement of share allotment, an applicant could check Tamilnad Mercantile Bank IPO allotment status online by logging on to BSE official website – bseindia.com or on the Official IPO Registrar’s website. The official registrar of the public offering is Link Intime India Private Ltd and its official website is linkintime.co.in.

Tamilnad Mercantile Bank IPO Subscription

The Qualified Institutional Buyers (QIB) category was subscribed 1.62 times. The Non Institutional Investors (NII) category was subscribed 2.94 times. The Retail Individual Investors (RII) category was subscribed 6.48 times.

How to Check Tamilnad Mercantile Bank IPO Share Award Status

The finalization of the Tamilnad Mercantile Bank IPO share allocation basis will take place on Monday, September 12. In the event of allocation, the credit of the shares to the account of the bidders will take place on Wednesday (September 14). The registrar of this IPO is Link Intime India Private Ltd. The request for allocation can therefore be viewed on the Registrar’s website here or on the ESB website here.

Step 1: Go to https://www.bseindia.com/investors/appli_check.aspx.

2nd step: Select the ‘equity’ option and then issue the name – ‘Tamilnad Mercantile Bank IPO’ from the drop-down menu

Step 3: Enter your application number and your PAN card number.

Step 4: Check “I’m not a robot” and press submit to know the status.

Tamilnad Mercantile Bank IPO Award Status Check on Link Intime India Private Limited

Step 1: Go to https://www.linkintime.co.in/MIPO/Ipoallotment.html

2nd step: On this page, enter the name of the issue, which is Tamilnad Mercantile Bank IPO, once activated

Step 3: Enter Pan card details

Step 4: Go to the next step and enter the request number and finally the client ID

Step 5: After filling in all the boxes with the correct details, hit submit to find out the status of the awards.

Tamilnad Mercantile Bank IPO GMP

According to market watchers, the gray market premium of the Tamilnad Mercantile Bank (GMP) IPO today is Rs 7 per share.

The gray market is an unofficial market where individuals buy/sell IPO shares before officially going public. The GPM is a premium amount at which gray market IPO shares are traded and it reflects how the IPO is likely to react on the day of its listing.

The price range or share price of Tamilnad Mercantile Bank IPO was Rs 500-525 each. The IPO lot size is 28 shares which means one lot was available at Rs 14,700. The Tamilnad Mercantile Bank IPO is a new issue of shares of 1.58 crore . The bank aims to raise Rs 831.6 crore through the IPO at the upper end of the price range.

Tamilnad Mercantile Bank IPO redemption will be launched on September 13.

The views and investment advice of the experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before making any investment decision.

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