Tamilnad Mercantile Bank Limited IPO Message Board (Page 3)

No More Price Fluctuation will be there
Because Original Buyer and Seller will be there

TMB Listing In T - No Intraday,

MEANS no Satta

Means Discount Listing or Almost At Par Listing

Effective from Thursday, September 15, 2022, the equity shares of Tamilnad Mercantile Bank Limited shall be listed and admitted to dealings on the Exchange in the list of 'T ' Group of Securities.
The scrip will be in Trade-for-Trade segment till further notice.
Scrip Code : 543596

Getting listed in "T" Group.
Chances are more for discount listing.

Intra Day Trade are not Allowed In T segment in BSE

Intra Day trade not allowed in EQ segment in NSE

Today all mid sized bank stocks performed well ... hope for positive listing tomorrow...

Given the best performance of Banks today, TMB expected to list around 550.

Applied through SBI ASBA. NO ALLOTMENT. BUT TILL DATE THE AMOUNT WAS NOT UNBLOCKED.
ANY BODY FACING SAME PROPLEM

Same here.

SBI unblocked now.

why nobody is talking about listing estimate of TMB... guess it will list tommorow

Still hoping for miracle listing, if market decides to take decent financials in account.

I think as very few people applied for the IPO due to low GMP and so there is less enthusiasm and buzz in the group for tomorrow’s listing

Whether Lien has been removed in non-allotted applicants Accounts of SBI. Mine has not yet been removed. Worst Registrar/Bank.

anyone received 3rd party allotment in sbi (tamilnad bank)

No

M. Goel... Which bank alloted 3rd party?

According to market observers, Tamilnad Bank IPO GMP (grey market premium) today is ₹15 that means shares of Tamilnad Mercantile Bank are available at a premium of ₹15 in grey market today.

Apply through sbi asba not alloted share and fund still not realese.

will atleast list at 565...

Any one problem for bank of india asba
I apply but all allotment status details not found

Yes. Me too.
There is big problem with Bank of India ASBA.

@RAJ, Yes I have also experienced the same problem for quite some time. IPO ASBA applications are successfully placed at their end and we also get amount blocked SMS messages. But It is not reflected in exchange records. Probably they might be facing some serious technical issue.

Basis of Allotment

Tamilnad Mercantile Bank

QIB - ~1.5979x

HNI Small- 49:88 got 392 shares
HNI Large - 795/796 shares on 1932 shares, above that ~ 21% additional allotment
Retail - 117:410

Suranaji, you mentioned 117 out of 410 in retail category. In retail application vise over subscription was only 2.36 times. So allotment should be more then 117 out of 410. Please check

As per sources
Basis of Allotment
TMB IPO

QIB - ~1.5979x prorata

HNI - 2-10Lacs - 49:88 allotted 392 shares

HNI 10 lacs+ - 795/796 shares (on 1932 shares) & above 10 lakh application ~ 21% additional allotment

Retail - 117:410 28 shares

got 2/3. Best wishes for a great listing

tommorow there might be a Gap down opening

where can i find basis of allotment?

@Fish
See Message Number 332

any one received 3rd party in sbi allotment in tamilnad mercantile??

Yes. I got retail lot from Axis ASBA.

Someone wrote here earlier to try apply with 3rd party to verify if it is still working in TMB issue where allotments were easy to come by. From various responses it appears 3 rd party applications are not allotted. This is because the rejection responsibility is now shifted from registrars to respective banks. Every bank after the closure receives a format with application details at their central level where bank has to verify application PAN with funding account PAN and certify in an excel sheet matching the applications. Most of the banks already locked it at application level in itself. And those who have not will exclude them at verification level even if accepted at the time of application. In some instances some banks might give the certification without verifying due to lack of time. This is against SEBI compliance attracting penalty and therefore it will also stop soon. This is applicable to all IPOs in main board and SMEs too. Only option left out is to transfer money to the family members & friends account and apply.

This financial year onwards NSDL/CDSL as per Income Tax dept requirement is fetching all data from Demat account on share debits due to actual sale or off line transfer correlating with transfer date price seeking this be included in returns at year end. Such data is now received by Demat account holder in his email too.

Keep sight of the above while applying 3rd party or multiple accounts. Just for Information. Trust it is helpful

@Earthking
Exchange circular from NSE/BSE mentioned verifying IPO application with a PAN is funded by bank account with same PAN. So if application is from company than bank payment too from company with PAN. Assume companies have to apply under QIB or corporates not in retail/NII. Here share trading becomes part of company business. If applied for 3 partners then company need to offer loan to partners and they apply individually in from their bank account matching their Demat PAN.

SEBI circular basically was to ensure that each category of IPO is funded by appropriate category and not abused by other entities ..guess

Thank you Ou Ai sir... Just one clarification... Company means partnership firm not limited company... Still in future if I open a demat account on partnership firm, can i apply in hni Or retail quota???

1/3 alloted