Tamilnad Mercantile Bank Limited IPO

Tamilnad Mercantile Bank Limited is listed in the MAINBOARD segment with a price band of ₹500 to ₹525. The figures below are as reported by the exchanges and public sources.

Tamilnad Mercantile Bank Limited IPO — key facts

• The Tamilnad Mercantile Bank Limited IPO price band is ₹500 to ₹525 per share.
• As of 6 September 2026, the Tamilnad Mercantile Bank Limited IPO subscription status is 2.86x overall.
• The issue is open from 05-SEP-2022 to 07-SEP-2022.
• Tamilnad Mercantile Bank Limited listed on 15-SEP-2022.
• Tamilnad Mercantile Bank Limited listed at ₹508.45. The listing loss was 0.3% against the upper end of the issue price band.

Tamilnad Mercantile Bank Limited IPO details

Status

Listed

Segment

MAINBOARD

Sector

Private Sector Bank

Price band

₹500 – ₹525

Issue size

₹807.84 Cr

Fresh issue

₹807.84 Cr

Opens

05-SEP-2022

Closes

07-SEP-2022

Listing

15-SEP-2022

Total subscription

2.86x

Retail

6.48x

QIB

1.62x

NII

2.94x

Lead managers

Axis Capital (left lead)

Listing price

₹508.45

Listing day change

-0.3%

Other Private Sector Bank IPOs

• Yes Bank Limited - FPO +2.5% on listing
• CSB Bank Limited +53.9% on listing
• Bandhan Bank Limited +27.3% on listing
• RBL Bank Limited +33.1% on listing
• ICICI Bank Ltd. +4.4% on listing
• Development Credit Bank Ltd. +82.5% on listing

Live subscription, allotment status, offer documents and the full lifecycle timeline for this issue are on this page. Historical listing performance for every past IPO is in the IPO database, and each day's activity is recorded in the daily digest.

Published by INVESTOLOGY — SEBI Registered Research Analyst INH000015297. Data is reported for information only. It is not research and not investment advice. Investments in securities markets are subject to market risk; read all offer documents carefully before investing.