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The basis of allotment for Tamilnad Mercantile Bank IPO is available now.
The Tamilnad Mercantile Bank IPO allotment status will be available on Monday, September 12, 2022, as per the timeline provided in the red-herring prospectus.
Below are the steps to check Tamilnad Mercantile Bank Ltd. IPO allotment status online:
Note: The disabled button shows that the allotment is not yet available online.
The allotment result looks like as below:
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 Ltd. IPO IPO allotment status is expected on Monday, September 12, 2022. Click the green button Tamilnad Mercantile Bank Ltd. IPO allotment status above to check the allotment. Note : The button remains disabled 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 Ltd. listing date is September 15, 2022. The equity shares of Tamilnad Mercantile Bank Ltd. will list on BSE, NSE.
The reason you didn't get the Tamilnad Mercantile Bank IPO could be:
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