{"id":19848,"date":"2022-08-30T13:27:39","date_gmt":"2022-08-30T07:57:39","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=19848"},"modified":"2022-09-05T15:18:28","modified_gmt":"2022-09-05T09:48:28","slug":"tamilnad-mercantile-bank-ipo","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/tamilnad-mercantile-bank-ipo\/","title":{"rendered":"Tamilnad Mercantile Bank IPO"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"19848\" class=\"elementor elementor-19848\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-77a8d46e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"77a8d46e\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-15a7b0e7\" data-id=\"15a7b0e7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-27d00f76 elementor-widget elementor-widget-text-editor\" data-id=\"27d00f76\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Tuticorin-based Tamilnad Mercantile Bank is an old private sector bank in India, with a history of almost 100 years. The bank plans to raise Rs 831.60 crore funds through initial public offering (IPO). The price band for the IPO has been fixed at Rs 500-525 per equity share. The subscription for the IPO opens on September 5 and closes on September 7, 2022.\u00a0<\/p><p>The IPO comprises of fresh issue of 1.58 crore shares aggregating to Rs 831.60 crore. The face value is Rs 10 apiece.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c4865de elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c4865de\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7df5b918\" data-id=\"7df5b918\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-297e8a8c elementor-widget elementor-widget-heading\" data-id=\"297e8a8c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Company Summary<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-330aae61 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"330aae61\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-34440a37\" data-id=\"34440a37\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-61dff6fd elementor-widget elementor-widget-text-editor\" data-id=\"61dff6fd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Tamilnad Mercantile Bank is one of the leading old private sector banks in India with a history of almost 100 years. The bank offers a wide range of banking and financial services primarily to micro, small and medium enterprises, agricultural and retail customers.\u00a0<\/p><p>As of March 31, 2022, the bank has 509 branches, of which 106 branches are in rural, 247 in semi-urban, 80 in urban and 76 in metropolitan centres. The bank has a very strong presence in Tamil Nadu with 369 branches, 949 automated teller machines (ATM) and 255 cash recycler machines.<\/p><p>Apart from Tamil Nadu, the bank is present in 15 other states and 4 union territories of India. The bank has sizable presence in Maharashtra, Gujarat, Karnataka, and Andhra Pradesh with 90 branches, 125 ATMs and 18 Cash Recycling Machines.\u00a0<\/p><p>The bank has been consistently growing its customer base and it has grown from 46.6 lakh in FY2020 to 50.8 lakh in FY22. Moreover, the bank\u2019s overall customer base was approximately 50.8 million, out of which 79.78% of customers have been associated with the bank for over five years.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bd5bdb8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bd5bdb8\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-436538aa\" data-id=\"436538aa\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7546e2e8 elementor-widget elementor-widget-heading\" data-id=\"7546e2e8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Company Strengths<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5ddb353d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5ddb353d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-35318c4c\" data-id=\"35318c4c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-30a18432 elementor-widget elementor-widget-text-editor\" data-id=\"30a18432\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>Strong and loyal customer base and focus on improving servicing framework.<\/li><li>Wide presence in Tamil Nadu with focus to expand presence in other strategic regions.<\/li><li>Advances portfolio consisting of a wide basket of retail finance and small ticket loan products with a focus on MSME, agricultural and retail segments.<\/li><li>Consistent growth in deposits with a focus on increasing low-cost CASA deposits.<\/li><li>Experienced senior management team and board of directors.<\/li><li>Strong asset quality, underwriting practices and risk management policies and procedures.<\/li><li>Consistent financial performance track record.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6515af24 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6515af24\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5267ca64\" data-id=\"5267ca64\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1d4122bf elementor-widget elementor-widget-heading\" data-id=\"1d4122bf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Company Financials<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5a4f3986 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5a4f3986\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-67b8dee8\" data-id=\"67b8dee8\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4dcfd522 elementor-widget__width-initial elementor-widget-tablet__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"4dcfd522\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<table width=\"408\"><tbody><tr><td width=\"189\"><strong>Period Ended<\/strong><\/td><td style=\"text-align: right;\" width=\"73\"><strong>FY20<\/strong><\/td><td style=\"text-align: right;\" width=\"73\"><strong>FY21<\/strong><\/td><td style=\"text-align: right;\" width=\"73\"><strong>FY22<\/strong><\/td><\/tr><tr><td><strong>Total Assets<\/strong><\/td><td style=\"text-align: right;\">42,758.80<\/td><td style=\"text-align: right;\">47,527.17<\/td><td style=\"text-align: right;\">52,858.49<\/td><\/tr><tr><td><strong>Total Reserves and Surplus<\/strong><\/td><td style=\"text-align: right;\">3,837.14<\/td><td style=\"text-align: right;\">4,437.47<\/td><td style=\"text-align: right;\">5,193.20<\/td><\/tr><tr><td><strong>Net Worth<\/strong><\/td><td style=\"text-align: right;\">3,979.65<\/td><td style=\"text-align: right;\">4,579.98<\/td><td style=\"text-align: right;\">5,335.71<\/td><\/tr><tr><td><strong>Deposits<\/strong><\/td><td style=\"text-align: right;\">36,825.03<\/td><td style=\"text-align: right;\">40,970.42<\/td><td style=\"text-align: right;\">44,933.11<\/td><\/tr><tr><td><strong>Net Advances<\/strong><\/td><td style=\"text-align: right;\">27,715.76<\/td><td style=\"text-align: right;\">31,069.60<\/td><td style=\"text-align: right;\">33,491.54<\/td><\/tr><tr><td><strong>Total Income<\/strong><\/td><td style=\"text-align: right;\">3,992.53<\/td><td style=\"text-align: right;\">4,253.40<\/td><td style=\"text-align: right;\">4,656.44<\/td><\/tr><tr><td><strong>Net Profit for the year\u00a0<\/strong><\/td><td style=\"text-align: right;\">407.69<\/td><td style=\"text-align: right;\">603.33<\/td><td style=\"text-align: right;\">821.91<\/td><\/tr><\/tbody><\/table><p><em>* All numbers are in Rs crore<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-33ba1df7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"33ba1df7\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-53b80c25\" data-id=\"53b80c25\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-14a90621 elementor-widget elementor-widget-heading\" data-id=\"14a90621\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Purpose of the IPO <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6096b7b9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6096b7b9\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-139e6eb9\" data-id=\"139e6eb9\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-74ed4432 elementor-widget elementor-widget-text-editor\" data-id=\"74ed4432\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li>Tamilnad Mercantile Bank (TMB) plans to utilise the net proceeds from the IPO towards increasing its Tier\u2013I capital base to meet its future capital requirements.<\/li><li>Additionally, TMB expects to receive the benefits of listing its equity shares on the stock exchanges.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4cef5ab elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4cef5ab\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7f9d642\" data-id=\"7f9d642\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-71ae452c elementor-widget elementor-widget-heading\" data-id=\"71ae452c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>Company Promoters<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3454cf7c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3454cf7c\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-16918a03\" data-id=\"16918a03\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-32eaacbe elementor-widget elementor-widget-text-editor\" data-id=\"32eaacbe\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Tamilnad Mercantile Bank is a professionally managed bank and does not have an identifiable promoter or promoter group in terms of SEBI ICDR Regulations and the Companies Act, 2013.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2a09976f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2a09976f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-51d2c2d7\" data-id=\"51d2c2d7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5c1002a9 elementor-widget elementor-widget-heading\" data-id=\"5c1002a9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><br>IPO Details<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6a164c41 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6a164c41\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5807a367\" data-id=\"5807a367\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4ea956e2 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"4ea956e2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<table><tbody><tr><td><p><strong>IPO Start Date<\/strong><\/p><\/td><td><p>Sep 5, 2022<\/p><\/td><\/tr><tr><td><p>IPO End Date<\/p><\/td><td><p>Sep 7, 2022<\/p><\/td><\/tr><tr><td><p><strong>Face Value<\/strong><\/p><\/td><td><p>Rs 10 per share<\/p><\/td><\/tr><tr><td><p><strong>IPO Price\u00a0Band<\/strong><\/p><\/td><td><p>Rs 500 to Rs 525 per share<\/p><\/td><\/tr><tr><td><p><strong>IPO Lot Size<\/strong><\/p><\/td><td><p>28 Shares<\/p><\/td><\/tr><tr><td><p><strong>Issue Size<\/strong><\/p><\/td><td><p>15,840,000 shares of Rs 10\u00a0(aggregating up to Rs 831.60 crore)<\/p><\/td><\/tr><tr><td><p><strong>Fresh Issue<\/strong><\/p><\/td><td><p>15,840,000 shares of Rs 10<\/p><\/td><\/tr><tr><td><p><strong>Issue Type<\/strong><\/p><\/td><td><p>Book Built Issue IPO<\/p><\/td><\/tr><tr><td><p><strong>Listing At<\/strong><\/p><\/td><td><p>BSE, NSE<\/p><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-52434b21 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"52434b21\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5c055549\" data-id=\"5c055549\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-633433d1 elementor-widget elementor-widget-heading\" data-id=\"633433d1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">IPO Lot Size <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-09407c7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"09407c7\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-03a2b51\" data-id=\"03a2b51\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1070b83 elementor-widget__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"1070b83\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<table><tbody><tr><td><p><strong>Application<\/strong><\/p><\/td><td><p><strong>Lots<\/strong><\/p><\/td><td><p><strong>Shares<\/strong><\/p><\/td><td><p><strong>Amount<\/strong><\/p><\/td><\/tr><tr><td><p><strong>Minimum<\/strong><\/p><\/td><td><p>1<\/p><\/td><td><p>28<\/p><\/td><td><p>Rs 14,700<\/p><\/td><\/tr><tr><td><p><strong>Maximum<\/strong><\/p><\/td><td><p>13<\/p><\/td><td><p>364<\/p><\/td><td><p>Rs 191,100<\/p><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5bfd722c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5bfd722c\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-49a02a4c\" data-id=\"49a02a4c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4dceb66f elementor-align-center elementor-widget elementor-widget-button\" data-id=\"4dceb66f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/ipo.ftconline.in:8084\/IPOWEB\/Index\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Apply for TMB IPO<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"Tuticorin-based Tamilnad Mercantile Bank is an old private sector bank in India, with a history of almost 100&hellip;","protected":false},"author":5,"featured_media":19882,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"csco_post_video_bg_volume":false,"footnotes":""},"categories":[15],"tags":[46,43,78,48,26,77,47,24,23,55],"class_list":{"0":"post-19848","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ipos","8":"tag-market-news","9":"tag-market-update","10":"tag-nifty","11":"tag-nifty-today","12":"tag-nse","13":"tag-sensex","14":"tag-sensex-today","15":"tag-share-market","16":"tag-stock-market","17":"tag-upcoming-ipo","18":"cs-entry","19":"cs-video-wrap"},"yoast_head":"<!-- This site is optimized with 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