Incorporated in 1921, Tamilnad Mercantile Bank (TMB) is one of the oldest private sector banks in India. It offers an array of banking and financial services to retail customers, micro, small, and medium enterprises (MSMEs), and more. TMB has a strong portfolio of advances and deposits from a diversified customer base including retail customers, agricultural customers, and MSMEs. Tamilnad Mercantile Bank IPO is about to open on 5th September 2022. The IPO size is about Rs. 831 cr and the listing of Tamilnad Mercantile Bank IPO will be done on 15th September 2022.
As of March 31, 2022, the bank has a strong branch network of 509 branches and a total customer base of 5.08 million. TMB has a significant market presence in the state of Tamil Nadu with 369 branches, and is also present in 15 other states and 4 union territories of India.
You can apply in Tamilnad Mercantile Bank IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Check out the Tamilnad Mercantile Bank forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
Tamilnad Mercantile Bank Financial:
Period Ended
Total Assets
Total Revenue
Profit After Tax
31-Mar-20
42758.8
3992.53
464.89
31-Mar-21
47527.17
4253.4
654.04
31-Mar-22
52858.49
4656.44
901.9
Peer Group
City Union Bank Limited
CSB Bank Limited
DCB Bank Limited
Federal Bank Limited
Karur Vysya Bank Limited
Karnataka Bank Limited
RBL Bank Limited
Company Promoters
TMB is a professionally managed bank and does not have identifiable promoters.
