| Tamilnad Mercantile Bank Ltd |
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| Registered Office: 57 Victoria Extension Road, ,Thoothukudi-628002, Tamil Nadu |
| Tel. No: 91-461-2325136 |
| Fax No: |
| Email: secretarial@tmbank.in |
| Website: www.tmb.in |
| 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 |
| Issue | Money Payable On | ||
|---|---|---|---|
| Opens On | Closes On | Application | Allotment |
| 05-Sep-2022 | 07-Sep-2022 | ₹510.00 - 0.00 | ₹0.00 - 0.00 |
| Minimum Application for shares in Nos : 28 | Further Multiples of :28 |
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| (₹ Cr) | Lead Managers to the Issue | |
|---|---|---|
| Project Cost | 0.00 | Axis Capital Ltd |
| Project Financed through Current Offer | 807.84 | Motilal Oswal Investment Advisors Ltd |
| Post Issue Equity Share Capital | 158.35 | SBI Capital Markets Ltd |
| Issue Price | 510.00 |
| Projects |
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| To be utilised towards Augmentation of the Bank's Tier-I Capital base to meet the Bank's future Capital Requirements |
| Promoted By |
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| Listing At |
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| BSE |
| NSE |
| Registrar To The Issue |
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