Tamilnad Mercantile Bank Limited IPO Message Board (Page 18)

Any update regarding gmp??

ITS A 100 YEARS OLD BANK MANAGED BY ONLY PROFESSIONALS BUT NOT BY PROMOTERS.
FUNDAMENTALS ARE STRONG WITH CONSISTENT EARNINGS
BETTER TO BUY AND HOLD IT
VERY SOON IT WILL TOUCH 1000. REASON HIGH PROFILE QIB ARE BEHIND IPO.

BHNI
FIX
6000 START

ॐGanpati Gappa Moryaॐ

May Lord Ganesha bless us with all Good Health, Happiness Prosperity & Success. Greetings on Vinayaka Chaturthi🙏🙏🙏

ॐGanpati Bappa Moryaॐ

May Lord Ganesha bless us with all Good Health, Happiness Prosperity & Success. Greetings on Vinayaka Chaturthi🙏🙏🙏

[Tamilnadu Mercantile Bank]
IPO process w.e.f 01 Sep 2022
1. UPI mandate shall expire at 5.00 pm on last day of IPO
2. T+1 session shall cease to exist and all modification shall be done upto 5 pm till last day
3. Only Blocked Bids will be displayed on website
4. No change in UPI process currently
NSE Circular in this regard
https://archives.nseindia.com/content/circulars/IPO53197.pdf

@B.M.SURANA - Here you go....
No need to upload PDF, you can upload image file..

Because of new rule ab FAKE subscription nahi hoga

If the bank is profitable in the last three years, why is the retail quota offered at only 10 % of the issue? Shouldn't the quota be 35% for profitable organizations?

May be because of the internal management issues between the bank and the founding organization. Cases pending in the court regarding the ownership. AGM meetings happening under court order. Apart from this issue the bank is doing good and generating profits.

While a detailed answer has been given earlier. In short if a company's more than 50% networth is in cash equivalent asset then SEBI thinks such companies should have only 10% quota. Nothing to do with profit or issue size

P Patel ji Dhanyavaad Image Post karne ke liye.
Mere Paas hai Lekin Post nhi ho raha. Chittorgarh mein Image Post karne ki Anumati Kuchh Selected Members ko hai Sayad.

BM Surana madam ji chill.

Today NDTV : 449 ( +5% Upper, in this down market,,) . God knows where the stock going

In media sector look for Zee media. Enter near 16 levels.

Today again NDTV closed with +5% upper ckt with 5 Lac volume, what's the target for this script, no one can judge.

At the issue price of Rs. 525 ( which is almost certain), the script is fully priced. There could be some nominal gain on listing and there are no chances for reasonable gain.

However, I will apply.

10-15% listing gain is possible. I will also apply for listing gain only.

Fake???
[ Kuch Mataji Apne ko Nita Ambani Samajh ti hai? Reply ,Tag Karne ka kast naa karen ]

NSE Date - 03-08-2022
DEPARTMENT - PRIMARY MARKET SEGMENT
DOWNLOAD REF- NO: NSE/IPO/53197
CIRCULAR REF NO- 25/2022

TMB. PREMIUM. 35---38.

For all those concerned about the 10% retail allocation:

This is because of a clause in ICDR 2018, which says that Company may allocate 35% to retail if "it has net tangible assets of at least three crore rupees, calculated on a restated and consolidated basis, in each of the preceding three full years (of twelve months each), of which not more than fifty per cent. are held in monetary assets"

A disclosure to this effect is found on Pg 307 of RHP -> "Monetary assets of our Bank for Fiscals 2020, 2021 and 2022 comprise more
than 50% of net tangible assets for Fiscals 2020, 2021 and 2022, calculated on a restated basis, and therefore, our
Bank does not satisfy the eligibility requirements prescribed under Regulation 6(1) of the SEBI ICDR Regulations.
The Offer is accordingly being undertaken under Regulation 6(2) of the SEBI ICDR Regulations. "

Hope this clarifies

To further substantiate, this is the same reason Latent View Analytics had a 6(2) offering (10% allocation to retail), despite being very profitable. The monetary assets on the balance sheet comprised more than 50% of the net tangible assets.

It's more of an accounting treatment, and has no real reflection on the business.

Tamilnadu Mercantile Bank
[ Gujarat - Surat, Rajkot, Ahmedabad, Vadodara Porbandar ]
[ Rajasthan - Jaipur, Jodhpur Beawar , Alwar, Nagaur ]
Grey Market - Koshtak, Confirm, Subject to allotment Rate Khula kya???

Tamilnad Mercantile Bank Limited IPO
Open : 05-Sep-2022
Open : 07-Sep-2022
Price : ₹500 - ₹525
Market Lot : 28 Shares
Retail- Shares : 28
App Amt : ₹14,700
Retail Form : 56,571
Small HNI (2-10 Lakh)
Lot Shares : 392
App Amt : ₹205,800
Forms : 2020
Big HNI (10+ Lakh)
Shares : 1932
App Amt : ₹1,014,300
Forms : 4041

Price band
500 to 525
Size
831cr

@ kappo
Mota Bhai apply or not?

Wait till grey market activity n when it will be stady

Tamilnad Mercantile Bank Limited IPO

Date : 05-Sep to 07-Sep-2022
FV : ₹10
Price : ₹500 - ₹525
Market Lot : 28 Shares
App Amt : ₹14,700
Size : ₹831.6 Cr
Retail : 10%
Retail Form : 56,571
QIB : 75%
NII : 15%

*Mega Flex Plastic Limited-NSE SME*

Issue Date : *6-Sep to 9-Sep, 2022*
Price : *₹40*
Lot Size : *3000 Shares*

Issue : *28,50,000 Shares*
Issue size : *₹11.4 Cr*
FV : *₹10*

Retail : *13,53,000 Shares*
Retail Forms : *451*

LM : *Finshore*
Registrar : *Cameo*

TMB
GMP?

*Tamilnad Mercantile Bank Limited* IPO

Open : *05-Sep-2022*
Open : *07-Sep-2022*

Price : *₹500 - ₹525*
Market Lot : *28 Shares*

*Retail*
Shares : *28*
App Amt : *₹14,700*
Retail Form : *56,571*

*Small HNI (2-10 Lakh)*
Shares : *392*
App Amt : *₹205,800*
Forms : *2020*

*Big HNI (10+ Lakh)*
Shares : *1932*
App Amt : *₹1,014,300*
Forms : *4041*

Tamilnad Mercantile Bank Limited IPO

Date : 05-Sep to 07-Sep-2022
FV : ₹10
Price : ₹500 - ₹525
Market Lot : 28 Shares
App Amt : ₹14,700
Size : ₹831.6 Cr
Retail : 10%
Retail Form : 56,571
QIB : 75%
NII : 15%
Listing At : BSE, NSE

Registrar : Link InTime
Allotment : 13-Sep-2022
Listing : 15-Sep-2022

SEBI should modify this 10℅ allocation rules and keep it to 25% and 35% with bit modifications like, if it is Undersubscribed than the remaining portion to be alloted to QIBs Or HNIs on lottery basis.

The reason behind this rule is quite simple,

1. Quite Years ago the primary market jugglers 🤹‍♂️ were many. At that time, the market was being played by big fishes and the retailers have to suffer a lot due to lack of information and lack of communication.

Now a days, that is not the case. With the ample of information and analysis available on the internet that is not the issue.

2. If SEBI wants to protect the retailers they may give extension in application of mandate/ASBA timeline i.e. based on the subscription figures of the QIBs and HNIs, retailers may take their call with some time limit extension.

3. Now a days, more and more good starups are coming in the primary market. They might not clock handsome amount of profit in the initial years but their business model is quite promising which is why everyone want to bet on their business.

But, SEBI is not doing that either. Instead of the same, they want to attract QIBs. This is not fair.

SEBI pls twist your rules in favour of Retailers.

Regards,

Ek garib retailers jo aaj bhi saal me ek ipo me 2 hajar rupees kamane se jyada or kuchh nai paa sakta