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15 Days Price Change

Tamilnad Mercantile IPO

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WEBSITE Inc. Year: 1921 Industry: Bank - Private Listed Page

Profile
Issue Size --
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Price Range 500  to  525 per share
Profile
Min Investment ₹525
Profile
Lot Size 1
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Face Value ₹10
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Draft Prospectus
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Tamilnad Mercantile Bank (TMB) offers banking products and services in India. The company was incorporated on 11th May 1921 and provides its customers with personal, corporate, and NRI banking products and services. In India, it was the first ever private sector bank to pioneer computerized operation at the branch level, all of its bank branches use FINACLE software from Infosys to get full connectivity. TMB has a total of 509 branches, 12 regional offices, 6 central processing centers, a service branch, and 1151 ATMs all over India to serve a customer base of 4.93 million people. TMB provides personal banking products and services such as savings accounts, fixed and recurring deposits, personal and home loans, vehicle loans, education loans, gold overdrafts, loans against sovereign gold bonds, debit and credit cards, services like Demat account, internet and mobile banking, equity trading account, PoS terminals, online bill payment, e-tax payment, mutual fund, insurance services and a lot more. The company also offers corporate banking products and services, such as current and super flexi current accounts, loans on commercial vehicles, traders and services, vehicle finance for educational institutions, secured overdraft, Forex services, and various services like treasury, e-stamping, and bancassurance. NRI banking products and services, include NRI saving, recurring deposits, term deposit accounts, NRI loans, money transfer services, cards, and online banking services. Read More

Basic Info

Face Value 10 per share

Price 500  to  525 per share

P/E (x) 7

Sales( Cr.) 5291

PAT( Cr.) 1183

EPS 74.7

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

Does not have identifiable promoters.

Pre Issue Share Holding --%

Post Issue Share Holding --%

Listing Details:

Listing Price: 510

Listing Gain: -2.94%

Current Price: 692.6

Gain On Issue: 692.6 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Sep 05, 2022
Closing Date Sep 07, 2022
Allotment Sep 08, 2022
Refund Sep 09, 2022
Delivery of Shares Sep 09, 2022
Listing Date Sep 12, 2022

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 28 14,700
Retail (Max) 13 364 191,100
S-HNI (Min) 14 392 205,800
S-HNI (Max) 68 1904 999,600
B-HNI (Min) 69 1932 1,014,300

Objective of the Issue

1. To augment tier-I capital base to meet future capital requirements. 2. Meet offer issue expenses. 3. To receive the benefits of listing the shares on the stock exchanges.

Issue

Category Nos Bid Bid (x)
QIB 11880000 19245600 1.6x
NII 2376000 6985440 2.9x
Retail 1584000 10264320 6.5x
EMP 0 0 0x
Total 15840000 45302400 2.9x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Tamilnad Mercantile Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Interest Earned 2836 3252 3381 3250 3224 3466 3609 3834 4081 4848 5291
Other Income 292 319 431 506 414 526 644 812 629 645 850
Total Income 3127 3571 3811 3757 3639 3993 4253 4646 4710 5493 6142
Interest Expense 1952 2208 2230 2041 1994 2147 2072 2019 1987 2697 2990
Operating Expenditure 568 637 706 710 760 851 980 1111 1150 1314 1406
Provisions and contingencies 65 176 383 696 488 410 404 392 179 88 171
Operating Profit 542 549 492 310 397 585 798 1125 1394 1394 1575
Profit Before Tax 542 549 492 310 397 585 798 1125 1394 1394 1575
Provision for Tax 163 147 176 88 138 177 195 303 364 322 392
Profit After Tax 379 402 317 222 259 408 603 822 1029 1072 1183
Adjustments 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 379 402 317 222 259 408 603 822 1029 1072 1183
Adjusted Earnings Per Share 26.6 28.2 22.2 15.6 18.1 28.6 42.3 57.7 65 67.7 74.7

Tamilnad Mercantile Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 2594 2942 3224 3405 3618 3980 4580 5336 6928 7921 9009
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Deposits 25650 30369 32190 32428 35136 36825 40970 44933 47766 49515 53689
Borrowings 40 333 0 513 0 324 0 0 525 1301 500
Other Liabilities & Provisions 1465 1623 1570 1574 1778 1630 1977 2590 2676 2815 3252
Total Liabilities 29749 35266 36984 37920 40533 42759 47527 52858 57895 61552 66450
Cash and balance with RBI 1272 1398 1458 1702 1735 1414 1680 2113 2103 2230 2650
Bank Balance 163 201 488 302 1185 2322 1025 1739 1479 1338 1758
Investments 7671 8865 11504 10364 9107 9467 11703 13242 14156 15263 15101
Advances 19336 22578 21972 23769 26488 27716 31070 33492 37290 39734 43984
Fixed Assets 126 156 154 140 138 128 137 211 246 271 284
Other Assets 1180 2069 1407 1644 1880 1711 1912 2062 2622 2717 2673
Total Assets 29749 35266 36984 37920 40533 42759 47527 52858 57895 61552 66450

Tamilnad Mercantile Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 1410 1435 1599 1946 2004 2920 3737 2705 3852 3582 3568
Cash Flow from Operating Activities 319 -18 753 -389 1498 567 -670 1325 -1270 -611 1899
Cash Flow from Investing Activities -44 -62 -38 -26 -34 -20 -37 -107 -89 -100 -99
Cash Flow from Financing Activities -250 245 -368 472 -547 269 -324 -71 1088 697 -960
Net Cash Inflow / Outflow 24 164 347 58 917 816 -1031 1147 -270 -14 840
Closing Cash & Cash Equivalent 1435 1599 1946 2004 2920 3737 2705 3852 3582 3568 4408

Tamilnad Mercantile Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 26.62 28.21 22.22 15.57 18.14 28.61 42.34 57.67 65 67.7 74.68
CEPS(Rs) 0 0 25.05 18.36 20.64 30.72 44.34 60 68.4 72.45 80.13
DPS(Rs) 1600 1600 3.2 3.2 3.2 0 5 10 10 10 11
Book NAV/Share(Rs) 182.01 206.38 226.23 238.91 253.89 279.25 321.38 374.41 437.53 500.23 568.9
Yield on Advances 14.66 14.4 15.39 13.68 12.17 12.51 11.62 11.45 10.94 12.2 12.03
Yield on Investments 8.49 8.73 8.17 9.05 8.54 8.21 7.74 6.72 6.43 6.76 6.91
Cost of Liabilities 7.6 7.19 6.93 6.2 5.68 5.78 5.06 4.49 4.11 5.31 5.52
NIM (Net Interest Margin) 3.11 3.16 3.25 3.35 3.19 3.22 3.38 3.59 3.81 3.67 3.62
Interest Spread 7.07 7.21 8.46 7.48 6.5 6.73 6.56 6.95 6.83 6.89 6.51
ROA(%) 1.35 1.24 0.88 0.59 0.66 0.98 1.34 1.64 1.86 1.8 1.85
ROE(%) 15.6 14.53 10.27 6.7 7.36 10.73 14.1 16.58 16.79 14.44 13.97
ROCE(%) 22.44 20.16 15.7 8.99 11.77 14.89 18.44 22.82 22.15 17.29 17.81
PER(x) 0 0 0 0 0 0 0 0 6.28 7.17 5.5
Price/Book(x) 0 0 0 0 0 0 0 0 0.93 0.97 0.72
Dividend Yield(%) 0 0 0 0 0 0 0 0 2.45 2.06 2.68
EV/Net Sales(x) 0.01 0.1 0.04 0.2 0.04 0.13 0.04 0.04 1.71 1.85 1.32
EV/Core EBITDA(x) 0.07 0.46 0.16 0.65 0.16 0.47 0.12 0.09 4.45 6.07 4.01
Interest Earned Growth(%) 4.92 14.69 3.96 -3.86 -0.8 7.49 4.12 6.23 6.45 18.79 9.15
Net Profit Growth 26.14 6 -21.26 -29.92 16.52 57.67 47.99 36.23 25.23 4.16 10.31
Advances Growth 12.79 16.77 -2.68 8.18 11.44 4.64 12.1 7.8 11.34 6.55 10.7
EPS Growth(%) 26.15 6 -21.25 -29.92 16.52 57.67 47.99 36.23 12.7 4.16 10.31
Loans/Deposits(x) 0.16 1.1 0 1.58 0 0.88 0 0 1.1 2.63 0.93
Cash/Deposits(x) 0.05 0.05 0.05 0.05 0.05 0.04 0.04 0.05 0.04 0.05 0.05
Current Ratio(x) 0.3 0.29 0.36 0.32 0.26 0.26 0.29 0.29 0.3 0.31 0.28
Quick Ratio(x) 0.16 1.1 0 1.58 0 0.88 0 0 1.1 2.63 0.93
CASA % 19.64 19.4 23.23 25.32 24.64 25.85 28.52 30.5 28.76 29.64 26.44

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 9% 11% 9% 6%
Operating Profit CAGR 13% 12% 22% 11%
PAT CAGR 10% 13% 24% 12%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 55% 19% NA% NA%
ROE Average 14% 15% 15% 13%
ROCE Average 18% 19% 20% 18%

Company Contact Information

Tamilnad Mercantile Bank Ltd.

57, Victoria Extension Road (East)

IPO Lead Manager(s)

Tamilnad Mercantile Bank Ltd.

Axis Capital Ltd.

Motilal Oswal Investment Advisors Pvt Ltd

Registrar Info

Tamilnad Mercantile Bank Ltd.

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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