Tag Archives: Tamilnad Bank ipo

tmb ipo price: A 100-year-old Indian bank set to raise $100 million amid curbs – Blue Barrows

A regional , which drew international anchor investors including Nomura Holdings Inc. and Societe Generale SA for its initial public offering, is poised to raise about $100 million amid various challenges it is facing. Tamilnad Mercantile Bank Ltd., whose history stretches back over a century, is considering pricing 15.84 million shares at 510 rupees ($6.38) […]

60% upside in 24 months? Tamilnad Bank IPO opens on Monday. Here’s what analysts said – Blue Barrows

Following the dismissal of shareholder petitions by the Securities Appellate Tribunal (SAT), the road is clear for Tamilnad Mercantile Bank (TMB) to open on Monday morning. The professionally-managed private lender, which does not have any identifiable promoters, on Friday allotted 71,28,000 equity shares to 10 anchor investors and raised Rs 363.53 crore at Rs 510 […]

Tamilnad Mercantile Bank IPO: Barring legal issues, TMB IPO looks reasonably priced – Blue Barrows

Synopsis ​​The demanded valuation also looks reasonable. However, the bank is involved in several legal proceedings including those filed by some of the existing investors regarding the offer for sale. The verdict is pending. This may be a major deterrent for risk-averse investors. Given these factors, the issue looks more suitable for investors with a […]