Tamilnad Mercantile Bank Ltd RHP
Registered Office : 57 Victoria Extension Road , , Thoothukudi - 628002 , Tamil Nadu , India.
Phone : 91-461-2325136 Fax :
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 |
9/5/2022 12:00:00 AM | 9/7/2022 12:00:00 AM | Rs 510 - 0 | Rs 0 - 0 |
Minimum Application for shares in Nos : 28 Further Multiples of : 28 | |||
Rs Cr | Lead Managers to the Issue | |
---|---|---|
Project Cost | 0 | Axis Capital Ltd |
Project Financed through Current Offer | 807.84 | |
Post Issue Equity Share Capital | 0 | |
Issue Price | Rs. 510 |
Projects |
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To be utilised towards Augmentation of the Banks Tier-I Capital base to meet the Banks future Capital Requirements |
Promoted By | Listing At | Registrar to the Issue |
---|---|---|
- | Link Intime India Pvt Ltd |
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www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Copyright © IIFL Securities Ltd. All rights Reserved.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213, IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This certificate demonstrates that IIFL as an organization has defined and put in place best-practice information security processes.