Tamilnad Mercantile Bank Limited IPO Message Board (Page 8)

Surana Ji,
This is old data of 4 PM. Please see 7 PM data on this website. This data is confirmed ASBA block data (does not include any likely cancellation)

are you sure retail will get allotment at 510.. retail need to apply at 525 or 510

Same price for both the categories.

in that case it also depends at what price you applied, if cut off then 525.

Mr. pRACE.

I think you are not correct.
Even if you apply at Rs. 525 or Cut-Off, you will be allotted at Rs. 510, in case issue price is determined at Rs. 510, which is mot likely.

Thanks for the info, even i am skipping this one.. Will go for some of the SMEs which are available this week.

Very true. Avoiding Noise and unglying in each and every unnecessary stuff is very important in investing and even in life 😀

Even in retailers category it's actually 2 times app wise...only 1.07 lakh applications yet.

@Nooral appropriately said. sometimes sitting and doing nothing is also a decision.

@Noorul - I'm also skipping this IPO.

@noorul sir
every ipo with 10% retail portion give listing gain
if see last 3 year of data
and every ipo kind of this is low subscription level
then question arise
why not this will give good listing gain
please reply

@sahab
It is difficult to reply your question because this is Bank IPO. In last six years there is no good news for Bank IPOs, except one or two. This Bank has no special features that attract the investors. You may see my earlier post 85.2 of 2nd Sept. in my opinion it wasn't a good IPO for subscription. People can have different choices, views and many more. Till this time retail is subscribed only 5-6 times against 10% allocation. In my opinion not a good sign. Over all figures are not good at all. Even the investors applying after watching QIB figures will not think to apply and specially in HNI category.
Rest depends on individual decision. My decision was 'Avoid '. Suno sabki, karo manki. Your own decision matters.

Thanks @PKRAJ SIR
RAINBOW IS GOOD company
But due heavy supply down opening.
Everything depend upon supply and demand.
Here supply ia low
Chance of listing gain is more
My thinking
May be I wrong

@Noorul Sir @sdz Sir Thanks for your reviews.

However very Senior Dilip Davda Sir has given a Apply recommendation to this TMB IPO, which he gives only when he thinks Investors money is safe.
Please reply sir as I am considering to apply 4 Retail applications. Thank you...

@Sunil Patil… Dilip sir is an expert. I’m not atall an expert, i learned from earlier mistakes to avoid IPOs which has low or no GMP and with negative information. In TMB ipo, below 10rs GMP and negative news that discount for anchor investors and pending legal cases and so felt to avoid to be safe. How operators and biggies take it from listing is not in our hands, only Avoiding is

@sunil.. may b he has long term view over it .. which I don't prefer in banking sector . Bank always having a much impact of any geo political or bad news.

Abhishek after new rules both shni and bhni are both lottery basis only. bhni will apply for 10 lakh or more, but still they will get 2lk worth of shares. Difference between both the categories is that bhni will have greater probabilty of allotment

Every lot is decided by lottery in mainboard ipo now in case of fully subscribed ipo .....
Retail 1 lot and shni,bhni will get 14 lots for each application in case they get the lottery.

Lottery

Lottery + proportional in this IPO.
May be firm allotment to bHNI.

karne do bhai.... kuch dedh shane kum ho jayege..

@Shahukhaar means??

@Shahukaar
hahhahaha...

Not much to lose. That could be the reason.

For some people applying to IPOs has become like an addiction. And some see it like an MF SIP of 15k 😀

Retailers wont apply based on QIB data bcoz Retailers finishes applying by the time QIB starts applying.

Retailers starts applying from the first day first hour itself
whereas QIB starts applying on the last day last hour.

Many RII will not accept the UPI mandate.

I applied .