Top Section
Explore Business Standard
Top Section
Explore Business Standard
Don’t miss the latest developments in business and finance.
Book Building
₹ 807.84
₹ 510
28
₹ 14,280.00
MumbaiNSE
05-Sep-2022
07-Sep-2022
15-Sep-2022
| 1 Week | -4.18 |
| 1 Month | 5.49 |
| 3 Month | -3.60 |
| 6 Month | -0.72 |
| 1 Year | -9.42 |
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
To be utilised towards Augmentation of the Bank's Tier-I Capital base to meet the Bank's future Capital Requirements.
Tamilnad Mercantile Bank Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083
Phone - 91-22-49186000
Fax - 91-22-49186060
Email - secretarial@tmbank.in
Website - www.tmb.in
