Tamilnad Mercantile Bank Limited IPO Message Board (Page 14)

Big HNI concept is gone from main board ipos since new rules are implemented..(10 lakh rs app can be done by a retailer too with sound financials)

@Stockoholic
I differ. It requires guts to put application for 10 lakh. Saw that in campus IPO (when people got allotment of 3.5 lakh range) and then they did not knew what to do
For many retail investors 10 lakhs may be total capital. Even for a investor with 5 crore holding it becomes 2% holding without a price pattern in past

Canara gives time till 4pm but pnb till 3 only

Haha should the dog wag it’s tail or tail wags the dog 🤣 Who’ll have deeper information about a company, anchor investors FIIs/DIIs or general qib and individuals? It shows anchor investors don’t have confidence in the bank, but how come 3% difference matter for them to bargain and reduce image of the entire IPO.

some comparison of tmb with karnataka bank(kb).
both are old banks
both south india based
both dont have promoters
kb has more branches than tmb
kb has more revenue n profit than tmb
kb share price much cheaper than tmb ( P/E and P/B wise)
kb paying dividends regularly.
then anyone can explain why one should go for this IPO instead of buying karnataka bank

Yes Poor share price performance of Karanataka bank has been of concern. However one needs to remember that market has benefit of unpublished information by the way buyers and sellers act
It is for Karanataka bank to prove its case to investors

Let us care fully examine the revenue and profit numbers of Karnataka Bank and TMB for year 2020-21, If figures for TMB mentioned above are true,
2020-21 Karnataka Bank Rev 6232 Cr. Profit 483 Cr
2020-21 TMB Rev 4253 Cr Profit 654 Cr

2021-22 Karnataka Bank Rev 6222 Cr. Profit 509 Cr
2021-22 TMB Rev 4656 Cr Profit 901 Cr

Karnataka Bank (KB) with higher business, great number of branches makes lower profits than TMB. In fact TMB profits are 50% higher than KB at 2/3 revenues of KB. Karnataka bank never in its history crossed 500 Cr Profit convincingly. 2022 was the first year with 508 Cr.

Some observations mentioned are factually incorrect. TMB will command a premium and more efficient. TMB should be compared with CUB (City Union Bank) or AU Bank that are efficient regional community based well run banking institutions.

* Please read "great number of branches " as "greater number of branches "

That was something, I observed and couldn't digest.