Tamilnad Mercantile Bank IPO Allotment Status Online

The Tamilnad Mercantile Bank IPO allotment status will be available on September 12, 2022, as per the timeline provided in the red-herring prospectus.

Below are the steps to check Tamilnad Mercantile Bank IPO allotment status online:

• Visit the Tamilnad Mercantile Bank IPO allotment status page.
• Click on the green Tamilnad Mercantile Bank IPO Allotment Status.
• Enter either PAN number, Application Number or DP Client ID of the demat account to check the Tamilnad Mercantile Bank IPO allotment status.
• Click Search.

Note: The disabled button shows that the allotment is not yet available online.

The allotment result looks like as below:

• PAN No.: AHMLK1898J
• Application No.: RL041213805307
• Name: Mr. Rajveer Singh
• Shares Applied: 40
• Shares Allotted: 40

The expected listing price of Tamilnad Mercantile Bank IPO depends on many factors including demand, nature of the business, market environment and state of the economy. The Tamilnad Mercantile Bank IPO grey market premium gives some hint but the actual listing price is difficult to guess.

Tamilnad Mercantile Bank IPO allotment status is expected on September 12, 2022. Click the green button Tamilnad Mercantile Bank IPO Allotment Status above to check the allotment. Note the button remains to disable until the allotment is available online.

If Tamilnad Mercantile Bank IPO oversubscribed in the retail category, the Tamilnad Mercantile Bank IPO shares will be distributed on a proportionate basis to Retail Individual Investors (RII). Each retail investor will get a minimum of 1 lot subject to the availability of shares in the retail portion. If enough shares are not available, a lottery is drawn to choose the investors.

The Tamilnad Mercantile Bank IPO shares will get listed on Thursday, September 15, 2022. The equity share of Tamilnad Mercantile Bank Limited will list on BSE, NSE.

The reason you didn't get the Tamilnad Mercantile Bank IPO could be:

• IPO become oversubscribed and allotment process is completed through a lottery
• The IPO application got rejected due to mismatch/incomplete information
• The issue price is higher than the bid price. (Always apply on cut-off price).