Tamilnad Mercantile Bank IPO Review & Recommendations

Apply for Long Term at Upper Price Band

Continuous profit earning best private sector bank in the recent times

Apply for Listing Gain at Upper Price Band

Apply FF. Hard to get allotment as retail & HNI quota is very less. Expect Return 8-10% on listing.

Apply for Long Term at Cut-off Price

You may subscribe this ipo for the listing,short and long term gain.

Good ipo.

Apply for Listing Gain at Upper Price Band

Very Good Financials.

Apply for Long Term at Upper Price Band

Accounts of company very aggressive/good

Apply for Listing Gain at Upper Price Band

Good

Apply for Listing Gain at Cut-off Price

Listing Gain

Neutral

Legal issue is a major concern.
Anchor list is not encouraging.

Apply for Listing Gain at Cut-off Price

What is the basis of allotment for HIN below 10 lakhs and above 10 lakhs

Apply for Long Term at Cut-off Price

Good mid cap banking stock....bogged down by litigations.

Apply for Long Term at Upper Price Band

𝘎𝘰𝘰𝘥 𝘯𝘶𝘮𝘣𝘦𝘳𝘴. 𝘙𝘦𝘵𝘢𝘪𝘭 𝘱𝘰𝘳𝘵𝘪𝘰𝘯 𝘰𝘯𝘭𝘺 10% 𝘮𝘶𝘴𝘵 𝘩𝘰𝘭𝘥 𝘭𝘰𝘯𝘨 𝘵𝘪𝘮𝘦.

Apply for Long Term at Cut-off Price

Very good Opportunity.

Avoid

In present circumstances it's not advisable to apply. Lot of confusion. Rest depends on individual.

Avoid

Too many legal cases and there is no chairman at present. I do think the profits will decrease in the future, as it is at its peak cycle. GMP is low as to the risk to reward ratio according to me, which isnèt worth taking the risk

Avoid

READ RHP

Apply for Long Term at Cut-off Price

All banks are favored now
Small issue (with QIB 75%)
Potential for long term appreciation as this bank has good track record.

Thanks

Apply for Short Term at Cut-off Price

After couple of years we are getting banking ipo. It has solid financials. Just apply.

Neutral

Current financials numbers look good and people can subscribe this issue for long term.
Any dip in share price is a buying opportunity. Don't expect triple digit returns but this will surely give good returns on annual basis. Listing gains could be 5-8%.

Apply for Long Term at Cut-off Price

This is one of the oldest and profitable bank. So for long period of time it may be profitable.

Avoid

Not too much fancy

Avoid

lots of options in banking sector,
kuch farak nahi padta agar ek IPO se paise nahi kamaya toah,,,

Apply for Long Term at Cut-off Price

Fundamentals of the TMB is good. But little chance of listing gain. But long term view is bright. Subscribe at cut-off price for long term only.

Avoid

Litigations,
Limited geographical operations,
Over valued.

Apply for Listing Gain at Cut-off Price

Put atleast one or two applications based on your risk appetite, as valuation appears to be reasonable and possibility of around 5 % earning is there on listing.

Neutral

Return to Investment ratio is low here, Investors may consider to invest in other better opportunities if available

Avoid

Avoid for listing gain..may add after reviewing 2-3 quarter results for long term

Apply for Listing Gain at Cut-off Price

PROFIT making bank but some court case hence retail 10% only
sell stop loss issue price

Avoid

Avoid if applying for listing gains.

Apply for Listing Gain at Cut-off Price

Jyada se Jyada 5-7 % ka Risk ho Sakta hai Yaa Listing Par 7-12 % tak Profit Mil Sakta hai.
Abhi GMP- 28-35 hai. Alag Alag Cities States Mein Premium ka Fark ho sakta hai.
[ Before Applying in IPO Consult with your financial Advisor and do your own research ]

Apply for Long Term at Cut-off Price

Large numbers of clients. And good profit history

Avoid

Avoid for now. May buy after 1-2 quarter results and expansion plan. Further marker correction is imminent, may be vailable at 440-460 level then.

Avoid

well since the GMP is not that attractive...
i doubt if it can sustain the listing gain if any...

and if i want to invest for long term then maybe i will opt for some other bank like.. HDFC, DCB bank...

Enjoy IPO season...

Apply for Listing Gain at Cut-off Price

I will apply for listing gain only

Apply for Short Term at Cut-off Price

Apply ff.. with only 10% available for retail , it will tough lottery for retail..lucky if knd gets allotment..

Avoid

Will get at cheaper price after listing.

Avoid

Not recommended