![]() How do I apply to the Tamilnad Mercantile Bank Limited IPO? 831.6 crores at the upper end of the price band. ![]() The public offer of Tamilnad Mercantile Bank comprises a fresh issue of 1.58 crore equity shares aggregating up to Rs. 219,022.26 million or 64.90% to advances portfolios as of March 2022.Īs per the CRISIL Report, it had the second highest Net Profit for Fiscal 2022 amongst its peers, and its Return on Assets was also higher at 1.66% compared to a median of 0.80% for Peers for Fiscal 2022. The overall customer base of Tamilnad Mercantile Bank is approximately 5.08 million as of March 31, 2022, and 4.05 million or 79.78% of its customers have been associated with the bank for a period of more than five years and have contributed to Rs. 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. ![]() They offer a wide range of banking and financial services primarily to micro, small and medium enterprises (MSME), agricultural and retail customers (RAM). Tamilnad Mercantile Bank Limited is one of the oldest and leading old private sector banks in India with a history of almost 100 years.
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