Tamilnad Mercantile Bank IPO: GMP jumps as bidding opens tomorrow. Apply or not?
Tamilnad Mercantile Bank IPO GMP today is ₹35 and it is almost steady around ₹35 for last three days, say market observers
Tamilnad Mercantile Bank IPO (initial public offering) is going to hit primary market tomorrow. The private lender, which is one of the oldest private sector banks in India, has fixed price band of its public offer at ₹500 to ₹525 per equity share and it will remain open of bidding from 5th September 2022 to 7th September 2022. Meanwhile, ahead of its subscription opening date, grey market has gone bullish on Tamilnad Mercantile Bank shares. According to market observers, shares of Tamilnad Mercantile Bank is available at a premium of ₹35 in grey market today.
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