Tamilnad Mercantile Bank Limited IPO Message Board (Page 15)

TAMILNADU MERCANTILE BANK
*Confirm- 40-42
*Subject to allotment 15k App Rate - Rs. ₹700/= ₹800/=
*App Koshtak Rate above 2 lac ( 392 x 525 = 205800) ₹1700-1900
*App Koshtak rate above 10 lac(1932 x 525 = 1014300) ₹6000-₹7000
[ Alag alag City ,Town States mein Rate ka Fark ho sakta hai ]

@Surana
Will you please be able confirm the latest GMP?
Many negatives are coming.
Actually I am not in favors of this IPO from the beginning.

8 seller

@ Jainvipul, when do you think, it will become zero or negative?

After issue closing premium may be in negative.

12 seller

Uri Baba ki Hocche?
KhelaHobe?
IPO Open Er Aagei Khela Hoye gelo?

AE BAI !!

10/12

Kai Log GM Mein Subject 2 bech kar Upar Listing hone Par Pacchh tate hai ki Loss ho gaya.
Hum to Nahin Jo mila wo hamara. Buy karne Wala kamaya Wo uske taqdir. Duniya mein bahut dhan hai Sab hamara nhi hai.
Upar listing hone par Pacchh tane walon ko GM mein Subject 2 bechana hi Nahin chahiye.
Paytm, Policy Bazaar , LIC, Star Health, mein Subject 2 Yaa Koshtak Mein bechne Walon aur Buy karne Walon mein kaun Jeeta kaun hara? Kabhi Naav Truck par Aur Kabhi Truck Naav par.

HDFC I find to be best for minors. U can apply even via netbanking

18 seller

Tata play IPO may come at the end of this month

Sahukaar Bhai ji Galti ho gayi Post karne mein Dreamfolks
SHNI ki Rate hai.
🙏🙏🙏

KAPPO JI Maza le liya Subject to Allotment bech kar Insurance Pakki ho gayi. Upar Listing ho to Buyers ko kamane do. Naseeb apna apna. Buyers bhi kamane ke liye liya hai.

@B.M.SURANA
BHAI MUJHE SYRAM SGS ME 15000+ SHARE AAYE THE FIR BHI LOSS HAU
GREY ME BECH DIYA THA AUR SHORT AAYE
SO YE SAB CHALTAA RAHTA HAI

History sheet..
Hope this would be helpful

Key negative points mentioned in rhp by the bank:

37.73% of our paid up equity share capital or 53.76 million Equity Shares are subject to outstanding legal proceedings which are pending at various forums and, in connection with which, proceedings against our Bank have been initiated by various regulatory authorities, including the RBI, the Directorate of Enforcement, some of whom have imposed and sought to impose penalties on us in the past. We cannot assure you that these matters will be resolved in a timely manner or at all and any adverse developments in such proceedings could result in the imposition of injunctions or penalties or require us to incur significant costs to contest any of which could have a material impact on our reputation, business, financial condition and results of operation.

Our contingent liabilities exceed our net worth, which, if they materialize, may adversely affect our results of operations, financial condition and cash flows.

Prospective Investors will not, without prior RBI approval, be able to acquire Equity Shares if such acquisition would result in an individual or group holding 5.00% or more of our share capital or voting rights; you may not be able to exercise voting rights in excess of 26.00% of the total voting rights of our Bank.

We will be unable to open new branches unless we are listed and are also required to obtain prior permission from the RBI to open new branches

The RBI may remove any employee, managerial personnel or may supersede our Bank’s Board of Directors in certain circumstances, which may materially affect our Bank’s business, results of operations, and financial conditions.

Most of the risk mentioned are standard risk for any bank. Given RBI's desire to push banks to listing (see pressure on small finance banks) i don't see how these contested share can impact bank's future.
All cases are independent of each other and not every winner will come to sell share on one particular day creating liquidity overhang

रात में 12 Application Subject 2 Allotment ₹26 में बेच दी! अब निंद आराम सूं आसी!
राजस्थान की एक कहावत बिंद मरो बिणणी मरो फेरा करावण वाला पंडित को टक्को खरो! ₹510 में चोखा FII DII नहीं लिया Anchor में❓ तो लिस्टिंग पर ₹30-50 ऊपर क्यूँ लेसी?
[ Before Applying Conslt with your financial advisor and do your own research ]

Pehle hi keha tha Acche FII DIi jo ₹510 Mein nahi Apply kar Rahe hain Listing par Premium par Kyon Buy Karenge!?

That is easy to answer. When you buy from market then lockin period is not applicable

FROM THE ARCHIVES / JUST FOR FUN

YEAR 2016
RBL BANK IPO > ISSUE PRICE > 225

2 YEARS LATER

YEAR 2018
BANDHAN BANK IPO > ISSUE PRICE > RBL'S ISSUE PRICE 225 + 150 = 375

4 YEARS LATER

YEAR 2022
TMB IPO > ISSUE PRICE > BANDHAN'S ISSUE PRICE 375 + 150 = 525
OR
TMB IPO > ISSUE PRICE > RBL'S ISSUE PRICE 225 +150 + 150 = 525

***CMP***
* RBL > ISSUE PRICE 225 (-) 100 = 125
* BANDHAN > ISSUE PRICE 375 (-) 100 = 275
* TMB = ??? NO COMMENTS :)

# NEXT TIME AU SF BANK AND SURYODAY SF BANK DURING JANA SF BANK IPO / UTKARSH SF BANK IPO / ESAF SF BANK IPO

THANKS

Bandhan issue price was 360 I think

https://www.chittorgarh.com/ipo/bandhan-bank-ipo/822/

Bandhan 375 sure

Please be aware, from 1st Sep, cut-off time to accept UPI mandate is 5PM on closing day.

Forget upper price band, all will get allotment at 510 as anchors received allotment at 510.
I am focusing on sme

average ipo
bank is not giving listing gain.

Is it true that hdfc bank allowing hni subscription till 4 pm ?

There may not be any meaningful demand on the day of listing.
QIBs are not ready @ 525. This itself shows that premium is capped.
Considering the less demand from QIBs, all fence sitters may skip the issue
I'm my view, there no point in applying for listing gain
However, there may be nothing to lose in the long run, and investment may turn out to be better than Debt Instruments.
I will be applying, but quantum would be decided in the closing hours.

UPI MANDATE ACCEPTANCE TIME CHANGED

Dear Investor,

You are requested to note that the new cut-off time for UPI mandate acceptance is 05:00 PM on closing /last day of IPO bidding.

Further bids with confirmed status of mandate amount blocked (RC100) only shall be considered as valid applications and hence, you are advised to submit your UPI applications in IPO well in advance to avoid any last minute technical/systemic constraints that may hamper your ability to participate in IPOs by successfully accepting the mandate.

The above changes shall be applicable for all public issues opening on or after September 01, 2022. You may refer the Exchange Notice No.20220803-40 dated August 3, 2022, for more details.

You are also requested to consult your Trading Member for timelines for submission of IPO forms.

Regards,

Team BSE.

Is there any bank allowing hni applications after 3 pm ?

Hdfc

Dear Investor,

You are requested to note that the new cut-off time for UPI mandate acceptance is 05:00 PM on closing /last day of IPO bidding.

Further bids with confirmed status of mandate amount blocked (RC100) only shall be considered as valid applications and hence, you are advised to submit your UPI applications in IPO well in advance to avoid any last minute technical/systemic constraints that may hamper your ability to participate in IPOs by successfully accepting the mandate.

The above changes shall be applicable for all public issues opening on or after September 01, 2022. You may refer the Exchange Notice No.20220803-40 dated August 3, 2022, for more details.

You are also requested to consult your Trading Member for timelines for submission of IPO forms.

Regards,

Team BSE.

☝️Message received from BSE

No MF investment in anchor,
Anchor allocation done at LOWER price band 510,
Due to legal issues pending in court Mutual funds did not show up here.

This IPO seems to be very confusing.
1. No Mutual Funds participation in Anchor.
2. Legal cases pending in court.
3. 23% equity holders not happy.
4. Past IPOs of Banks not so fruitful.
5. GMP not so attractive.
6. Instable market conditions.
Just for few rupees, if everything goes well, not looking this Bank IPO interesting.
Investing at own risk.

Mr. Earthking.
Technically, you are correct.
However, the institutions which have subscribed must have subscribed with an undertaking from the Lead Managers to the effect that the offer price would be fixed at Rs. 510. It happens some times. You may recollect that in "Yes Bank" too QIB was offered at less than upper band, and finally the issue price was the offered price to QIBs.

Hence, the issue price, in this Bank too, going to be Rs. 510, though it can be altered according to rules and technically, which will not happen.