Tamilnad Mercantile Bank Limited IPO Message Board (Page 16)

Anchor Investor List Out
Allotted ₹510/=
[ Mostly to Max Life Insurance Schemes ]
& Birla Sun Life,
Kotak
CholaMandalam
Anchor investor Dumdaar nahin hai.

Anchor

Thiagrajan ji
Anchor 2 nd List

GMP 27@RAJKOT

Arjun ji,. Apply or not?

Any subscription estimate for bhni and shni? Gmp only matters if we gets allotment.

Above 10 lakhs any subject 2 rates ?

48k to 55k

@surana mota bhai.... Tamilnadu bank big or small hni's subject to only 7777.

Aapne shayad dream folk alloted ka bhav diya he !!

Anchor investor allotment @ 510

Upper price band 525/
Anchor investor price 510/
What is the reason?

@Monster Zero, very useful analysis.

Instead of this one can invest in IDFC first, DCB, Federal bank

In large cap ICIC bank & Hdfc Bank are preferred pick.

This can be applied only for listing gain pop. Long term this may go like rbl & other bank.

Why Retail 10 % Only ? Profit making company

Retail Quota fixed at 10% because of perceived risk related to various pending legal issues. Nonetheless, despite these TMB is performing well and poised to scale new highs post listing.

@Thiagarajan Ramasamy
Please don't mislead boarders. It is 10 percent as it had more than 50% of networth in cash form in last 3 financial years. No other reasons
Same is mentioned in RHP

In the interest of all Stake Holders including the litigants, TMB has to successfully complete the IPO process and list its shares .

SAT validated SEBI's order. So issue is on track

This IPO may be in trouble due to change in the clause of DHRP. In original DHRP of 2021 there was OFS, but it was not implemented now. The original share holders holding about 23% shares approached SEBI, but SEBI over rulled and fresh equity was approved by the Bank in this IPO. However the original share holders approached the higher authority for the stay in this case. The hearing in this regard is likely to done today.
The fate of this IPO will then be decided. Legal proceedings are also pending. Opening of new Branch is also banned from quite some time.
Let's see what happens in this IPO.
If incorrect, pl. correct me.

Good. The IPO on track now.

@PKRAJ
When RBI does not recognize these 23% claiming to be shareholders then how bank can give them any rights. Any way they appealed in SAT and SAT agreed with SEBI's thinking
MD has already highlighted that post issue that they will seek RBI permission for opening of branches

New cut-off time rules for accepting UPI mandate.

TMB GMP. 32/35

Tmb GMP. 32/35

GMP 35

चेन्नई साहुकार पेठ में कोई लेवाल है कै ? Subject 2 Allotment 6 Application.

Vinod Bhaiji
Sthanak Wasi
Shraman Sangh,
Behan Bhanji Terapanthi k Ghare. Aur Bete ki Binni Terapanthi ke Ghar Se Aayi hai.
मिच्छामी दुक्कड़म
🙏🙏🙏

JAI JINENDERA, SURANA BHAI JI, Aapka reply read karke achhchha laga. KHAMAT KHAMNA JI. MICCHAMI DUKKADHAM.

Tamilnadu premium 41

@Smile
There is no promoter holder in the bank so there are no minority share holders. Shareholders who have filed the case are the ones whose shareholding rights have been frozen either by court action or RBI.
What i understand that these people wanted to participate in OFS but OFS is not the option on table

Mega Flex Plastics Limited IPO and Viviana Power Tech Limited are at same time. I rate them good candidates. As price suggests TMB is long term candidates. So planned to try my luck in above SMEs.

Due to very long time pending litigations and the Management can't replay these issues satisfactory it seems that one may wait and decide at the time of Listing. However performance of the bank is very good. Even though TMB don't conduct AGM regularly.

Bank has nothing to do with court cases. The cases has arisen due to dispute between share sellers and share buyers.

Premium now 37 around
Gripp pakdi

It's may be go 60+

For Bank IPOs, it will be helpful if you can also please provide GNPA & NNPA.

SELL ANOTHER 5 APPLICATION @25 RS SUB TO