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.
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.