Tamilnad Mercantile Bank Ltd. News and Updates

Name: Latest research reports of Tamilnad Mercantile Bank Ltd. authored by KRChoksey and published by - Trendlyne research reports.
Item: Tamilnad Mercantile Bank Ltd.
Rating: 3
Author: KRChoksey

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Tamilnad Mercantile Bank Ltd.

02 Sep 2022

442.15

0.23%

IPO Note

IPO Note: Tamilnad Mercantile Bank Ltd.

KRChoksey

Tamilnad Mercantile Bank (TMB) is one of India's oldest private sector banks, established in 1921. It provides a wide range of banking and financial services to retail consumers, micro, small, and medium companies (MSMEs), and others.

Tamilnad Mercantile Bank Ltd. is trading above its 100 day SMA of 434.4

Tamilnad Mercantile Bank Ltd.

01 Sep 2022

442.15

0.23%

IPO Note - Tamilnad Mercantile Bank Limited 01092022

IPO Note: Tamilnad Mercantile Bank Ltd.

HDFC Securities

Issue Snapshot: Issue Open: Sept 05 Sept 07, 2022 Price Band: Rs. 500 525 *Issue Size: Rs 831.60 cr (Fresh issue of 15,840,000 eq sh) Reservation for: QIB atleast 75% eq sh Non Institutional upto 15% eq sh ((including 1/3rd for applications between Rs.2 lakhs to Rs.10 lakhs)) Retail upto 10% eq sh Face Value: Rs 10 Book value: Rs 374.41 (Mar 31, 2022) Bid size: - 28 equity shares and in multiples thereof 100% Book built Issue IPO Note - Tamilnad Mercantile Bank Limited

Tamilnad Mercantile Bank Ltd. is trading below its 30 day SMA of 449.5

Tamilnad Mercantile Bank Ltd.

01 Sep 2022

442.15

0.23%

TAMILNAD MERCANTILE BANK LTD.

IPO Subscribe: Tamilnad Mercantile Bank Ltd.

Ventura

IPO NOTE

Tamilnad Mercantile Bank Ltd. is trading above its 100 day SMA of 434.4

VOTE: Is Tamilnad Mercantile Bank Ltd. worth buying?

217 Votes:

Buy 84.79%

Sell 8.76%

Hold 6.45%