Tamilnad Mercantile IPO share allotment- Check status via BSE, grey market premium; listing on 15 Sep

Tamilnad Mercantile IPO share allotment: Check status via BSE, grey market premium; listing on 15 Sep

Tamilnad Mercantile Bank’s Rs 831-crore IPO, which got subscribed 2.86 times, is likely to finalise the basis of allotment on Monday, 12 September. The IPO was sold in the range of Rs 500-525 per equity share, and it received a strong response from all the categories of investors. The equity shares are expected to list on BSE and NSE on 15 September 2022. The initiation of refunds or unblocking of funds from ASBA account will take place on 13 September, and the equity shares will get credited to allottees demat account on 14 September 2022.

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Check Tamilnad Mercantile Bank share allotment status via registrar Link Intime India website

To check the share allotment status, select the company name as ‘Tamilnad Mercantile Bank — IPO’ from the drop-down list on the Link Intime India website when it gets declared. Check box either PAN, Application Number or Depository/Client ID. Accordingly, enter the permanent account number or Application Number or Depository/Client ID in the box. Enter the given captcha in the provided space and click the submit button. This will display the number of shares that have been applied and allotted to the investor.

Check share allotment status in Tamilnad Mercantile Bank via BSE website

Another way to check the allotment status in Tamilnad Mercantile Bank is through the BSE website. Select ‘equity’ as the issue type, and ‘Tamilnad Mercantile Bank’ as the issue name from the drop-down list, when it gets declared. Enter the application number and PAN (permanent account number). Click on ‘I am not a Robot’. In the last step, click on the search tab to view the status details.