Tamil Mercantile Bank, headquartered at Thoothukudi (Tamil Nadu, India), is one of the oldest and leading old private sector banks in India, with a history of close to 100 years. The bank reported deposits of Rs. 44,930 crore and advances of Rs. 33,490 crore as of March 2022.
Check out Tamilnad Mercantile IPO details
The below table has important dates with respect to the IPO allotment and listing.
| Finalization of Basis of Allotment | 12-Sep-22 |
| Initiation of Refunds | 13-Sep-22 |
| Credit of Shares to Demat Acct | 14-Sep-22 |
| IPO Shares Listing Date | 15-Sep-22 |
| UPI mandate expiry date | TBA |
In case you have not been allotted for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.
