Tamilnad Mercantile Bank Limited IPO Message Board (Page 12)

Why to the anchor investor shares allotted for 510 and for others at 525??

500-525 is the price band
U can also bid at 510 or even 500

18 buyers in ahmedabad

TMB originally promoted by Nadar's for trading continues to be more TN focused bank which can be considered its forte. Let us look at some positives,
- 101 year old bank with stable growth and rewarded shareholders consistently
- CASA deposits are about 30% and at good levels
- 75% business in TN
- Customer retention ratio is at 75% ( over 5 years)
- Loan book has about 88% of retails, SME, Agri with ticket size between 4.25 L to 13L
- NIM is 4.1 but excluding extra earned this year is about 3.8 healthier than many other banks
-Gross NPA 1.69%

Post issue capital is 160 cr
- EPS of 58
- Cost to income ratio 42.1 % best in the industry for branches
-Capital Adequacy post IPO 832 Cr infusion is at 22.1 % one of the highest in banking industry

Bank's regional concentration in TN may be considered a good positive with loyal clients, conservative lending and low NPA at 1.69%. Litigation is mainly on equity shares kept in abeyance & lock in due to allotment to few individuals which is purported to have violated FERA , now FEMA rules. This dispute is ongoing past 13 years and least affected bank's functioning. With IPO and larger public holding any future decisions will consider public shareholder interest too. Mere change in ownership of equity changing hands will not affect the bank unless management is changed. New MD & CEO S Krishnan assuming charge from 3rd Sept is former Punjab & Sindh bank MD & CEO who turned around that PSU from PCA norms.

From all angles, TMB is a worthwhile holding on long term investment. TMB is the last of older banks to come out with IPO with no more banks left.
Most on this board decide to apply as they see the oversubscription numbers steeply rising. This is seen even in SME issues where several SME firms don't even have the required base to do their business & do not deserve such demand from retail investors. One of the recent company that got hugely oversubscribed last week is known to me decades with really no fundamental ability to generate any profits as part of core business has been sold out. However in SME IPOs what matters is number of lots and oversubscription with operator's market manipulation.

TMB is a quality issue for those seeking wealth creation over a longer period even if it lists at par or mild negative which is unlikely. As a long term investor , I am applying in this. Do go for this with a holding time of 2 to 5 years....or more

CASA deposits @30% not an encouraging number for a 101 years old legacy bank. Since people should be trusting this bank and keeping their money with the bank in CASA, it should’ve been a healthy 50%, but the same is not the case.

From previous experience, almost all controversial IPO’s (except a few) gave listing gains.

Currently share of TMB is available in unlisted market for 540/-

seems like it will list around the same price...

Gmp 8/10

After reading all comments section, 30%-apply & 70%-not apply. I'm finally waiting for Jithin Lal Ji response(Based on Aether prediction).

World has already gone and applied. Impressive numbers in all categories.
Remember that all BHNI numbers are ASBA blocked and on day 1.
Even SHNI and retail numbers are impressive given UPI mandates may not have been confirmed by many so far

Impressive part on day 1 at 3 PM is QIB and BHNI subscription. Retail subscription looks low as many would not have received their UPI mandate so far
I got UPI mandate after 4 hours

I am from Tamil Nadu and know the TMB reputation and 103 years of legacy. I hope it won't disappoint retailers. Listing gain is Marginal but room for growth will be there. I will subscribe and add more if it lists at a discount.

Hearing all the negative responses but i have a strong gut feeling that it will list premium and positive of atleast 5% and wont be list at discount
I am looking forward for applying 6 lots in retails application
Hope it works as per my prediction

@ Not A Trader, Hopes for the best but prepares for the worst. Pls. don't forget LIC issue. Apply as per your risk bearing capacity.

Out of topic. Anyone has noticed that today Ruchi Soya/ Patanjali Foods IPO price become double in 5 months time. I am still Holding 84 shares allotted in IPO. Jay Ho Baba Ramdev

Market talk is that it will touch Rs. 1700 very shortly.

However, I sold 10 left over shares today @1298.

Tks. PSR, Half the quantity I will sale By Diwali. BY that time dividend will credited to bank account, though peanuts.

Out of topic. Anyone has noticed that today Ruchi Soya /Patanjali Foods IPO price became double in 5 Months Time. I am still holding 84 Shares allotted in IPO. Jai ho " Baba Ramdev "

Ofs*

FPO***

smart invest ment pe subjecto for small application 2500 dikha raha hai

Yes, those people sold in grey and are applying FF. I have no access to grey Market so would not place my hand on it. Further with the expected subscription, no benefit of placing bids at 510 (anchor price). Cut off expected at upper price.
One can earn more with current secondary market volatility with relatively less risk. It would be in my watch list and I may enter at appropriate time, till then let market decide it's value and fate.

Once the listing of TMB is done, those holding disputed shares may get a chance to exit through Institutional Placement / OFS.

May not be possible.
They may be under Lock-in period for one year.

@psr 6 months now. any way if court order comes after 6 months then no lock in period. However RBI or ED can appeal further

Clearly avoid candidates.

If profit opportunity of 500 rs risk of negatively 1500 .

So avoid n enjoy .

Why they alloted share to anchor investor at 510 and for others at 525 reason??

This can be considered as a draw back for this ipo???

QIB sub 0.3x in first 2 hours itself. I dont remember seeing this in other ipo. Here issue size is also big. Seems they also have a cutoff time now

Just applied 1 lot and I applied for listing gain only

Looking for big Qib game .will apply 4 shni or 2 big hni last day.

Gmp

10 📉

GMP 25

Source: Topsharebrokers.com