Tamilnad Mercantile Bank IPO Allotment Status Online

Tamilnad Mercantile Bank IPO Share Allotment: Tamilnad Mercantile Bank’s Rs 831-crore IPO, which got subscribed 2.86 times, is likely to finalise the basis of allotment on Monday, 12 September.

Tamilnad Mercantile Bank IPO

The equity shares are expected to list on BSE and NSE on 15 September 2022. The initiation of refunds or unblocking of funds from ASBA account will take place on 13 September, and the equity shares will get credited to allottees demat account on 14 September 2022.

Tamilnad Mercantile Bank (TMB) is one of the oldest private sector banks with a history of 101 years, having been established in 1921 as Nadar Bank. Tamilnad Mercantile Bank offers a wide range of banking and financial services primarily to Micro, Small and Medium Enterprises (MSME), agricultural and retail customers.

Tamilnad Mercantile Bank IPO Allotment

The registrar of the issue is Link Intime India Private Ltd, a SEBI-registered entity, responsible for the Tamilnad Mercantile Bank IPO share allotment and refund processing.

How to check Tamilnad Mercantile Bank IPO Share Allotment Status on BSE

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

Step 2: Select ‘equity’ option and then issue name – ‘Tamilnad Mercantile Bank’ from the dropdown

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

Step 4: Check ‘I am not a robot’ and hit submit to know the status.

How to Check Tamilnad Mercantile Bank IPO Share Allotment Status Check on Link Intime India Private Limited

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

Step 2: On this page enter the issue name, which is Tamilnad Mercantile Bank, once activated

Step 3: Enter Pan Card details

Step 4: Proceed to the next step and enter the application number and finally client ID

Step 5: After filling all the boxes with the right details, hit submit to know the allotments status.

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