:::LALKAR GROUP::::

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 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-22	07-Sep-22	510.00-0.00	0.00-0.00

Minimum Application for shares in Nos : 28 Further Multiples of : 28

	(Rs)	Lead Managers to the Issue
Project Cost	0.00	Axis Capital Ltd
Project Financed through Current Offer	807.84
Post Issue Equity Share Capital	158.35
Issue Price	510.00

Projects

To be utilised towards Augmentation of the Bank's Tier-I Capital base to meet the Bank's future Capital Requirements

Promoted By

No Data Available

Listing At

BSE

NSE

Registrar to the Issue

No Data Available