Tamilnad Mercantile Bank Limited IPO Message Board (Page 1)

Breaking IPO base..ggood quarterly results...hold or buy for 575/600 targets.

Closed above IPO price today

Total volume is too less.
Mostly people holding their allotment it seems.
@lokes @monster zero @gj @svh @cold what's your view and thought on this company.

This is the first line.

This is the second line.
Great

Sooner or later this will follow Bandhan Bank.

In this ipo the price band is 510-525 .. so why this is shown previous close is 510 even though the ipo is full subscribe.

all allotee got the share at 510 price and why the circuit filter is 5 % only even this is a more than 250 cr ipo???

thank you for your time and consideration....!!!!

The price to offer is discretion of board of directors. It is in T group as 49.7% shares in demat as opposed to requirement of 50% demat for non T group and above 250 crore size
Any way physical shareholders (old) will go and demat their share now so share will move out of T group

thank you @arun and @prince

@hostpacker,
my expectation is that TMB will list around 550 reach 575. hope its your expectation also. All the best to TMB allottees for good profit.

Dear all,
Out of topic, Aether has touched high of 998 today, any idea for this spurt?
On same topic, does any one know about @Jetha Lal, architect of Aether IPO success with so many CG fourm members like me. With out him, many would have not bet hue during that market difficult times. I sincerely hope and pray that he is alright and will come back soon with expert ideas.

Dear @Admin,
Could you please assist by enquiring @Jetha Lal's well being and inform him that he is being missed by many CG forum members. Much appreciated.

Thanks

@ Ou Ai
Very good
Best of luck in days to come.
* correction : my purchase price 489
Thank you

@Ou Ai,
Sir, you missed a point or 2 here.
Firstly, the bid is for 2900 shares at 1020 price - in pre-open (big difference to compare it with day traded shares volume).
Secondly, though @AvinashUppalapati exaggerated about the listing price was higher because of me (when I order in preopen, it was merely very few thousand shares in buying list, 10 times more selling than buying). Though your point still valid 'not even drop in ocean' (however, my bid would have at least increased the listing price even an mere 50 paisa.)

Thanks

TMB IPO is perhaps the first IPO in 10+ years that I skipped due to a vacation and I was regretting it till today's listing. I was in Ladakh and my stupid Vodafone SIM didn't work for 12 days, so couldn't study the RHP.

Anyway, I feel the T-group listing was a boon to TMB as I suspect limited down slide now. May hit UC at 519 once weak hands vanish. Retailers, if applied, should exit with minimal loss or neutral. Keep crowing.

@Crow- what is your view regarding Syrma? Not moving significantly either way.

After long time TMB not alloted at higher price of 525 even after not a bad subscription of about 3 times. Many negatives were there and still there. Still investor members in favor of buying this share. A bad day today in view of 400+ falling market and bad listing today. Many investors lost something today.
But still good news on some of the shares touching 52 week high which I am holding :
Solar Industries
Datapattern
Power Mech
Adani Port
And some at higher level :
Eicher Motors
Adani Wilmer
Going down a bit :
Dreamfolk
Syrma.
These are only a few examples. Mix trend.

will reach 580to 615 levels by next week

Hanging petty 'Veranda ' !

TMB is an excellent buy. It will cross 600 has very low NPA, professionally managed private bank trading at very cheap valuations

Combine NSE and BSE traded quantity so far is about 17 Lakh shares. Partial exit by HNIs and Retail.

I think it will list at 510 at discount which are given to anchor due to t group listing

See exactly open at 510 as t group no volume so retailers please keep safe distance from this stock do ko buy

Rectified.

It's not bad listing at all ...most people got chance to exit on BSE...
I took revenge of listing in Skp..sold today @141...

Any bulk deal in TMB Counter so far in NSE and BSE?

"T" group listing has spoiled the show to some extent. Otherwise it could have been in 520 levels.
Even now, it is not a so bad listing.

I felt T group listing has benefitted the stock from not going down as now no one can short without shares in their demat. And so no chance of speculation of shorting by taking advantage of weakness. If operators want to speculate, they’ve to go only long and play their game after 2-3days

Check above how many brokers recommended to apply and which broker had given avoid call.

Forget about brokers, many senior members were positive about listing also and recommended to subscribe.
This is the beauty of Share Market.

Yes , you are right.
When I have posted with the examples of RBL bank and Bandhan bank , one senier member was argueing with contra view. No doubt RBL and bandhan had given listing gain at that time but TMB's issue price had not left anything on the table and full of controversies since its issue date.

What's the issue price? Some showing 525 and some channels showing 510.

Not Applied.

@ Admin - Please change the IPO price to 510. It is showing 525.

Not applied.

check my review given avoid call here....