| Tamilnad Mercantile Bank Ltd |
|
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  10 each ("Equity Shares") of Tamilnad Mercantile Bank Limited ("Bank" or "Issuer") for cash at a price of 510 per equity share (including a share premium of 500 per equity share) (the "Offer Price") aggregating to
807.84 crores* (the "Offer") comprising a fresh issue of 15,840,000 equity shares aggregating to 807.84 crores (the "Offer"). The offer constituted 10.00% of our post-offer paid-up equity share capital.
The offer price is 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-22 |
07-Sep-22 |
Rs510.00-0.00 |
Rs0.00-0.00 |
| Minimum Application for shares in Nos :28 Further Multiples of :28 |
| |
RsCr |
Lead Managers to the Issue |
|
| Project Cost |
0.00 |
|
| Project Financed through Current Offer |
807.84 |
|
| Post Issue Equity Share Capital |
158.35 |
|
| Issue Price |
Rs510.00 |
|
|