Tamilnad Mercantile Bank IPO Review & Recommendations

Avoid

Avoid if applying for listing gains.

Avoid

Avoid for now. May buy after 1-2 quarter results and expansion plan. Further marker correction is imminent, may be vailable at 440-460 level then.

Avoid

well since the GMP is not that attractive...
i doubt if it can sustain the listing gain if any...

and if i want to invest for long term then maybe i will opt for some other bank like.. HDFC, DCB bank...

Enjoy IPO season...

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Put atleast one or two applications based on your risk appetite, as valuation appears to be reasonable and possibility of around 5 % earning is there on listing.

Neutral

Legal issue is a major concern.
Anchor list is not encouraging.

Avoid

Not too much fancy

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Very Good Financials.

Avoid

Litigations,
Limited geographical operations,
Over valued.

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Fundamentals of the TMB is good. But little chance of listing gain. But long term view is bright. Subscribe at cut-off price for long term only.

Avoid

lots of options in banking sector,
kuch farak nahi padta agar ek IPO se paise nahi kamaya toah,,,

Neutral

Current financials numbers look good and people can subscribe this issue for long term.
Any dip in share price is a buying opportunity. Don't expect triple digit returns but this will surely give good returns on annual basis. Listing gains could be 5-8%.

Avoid

Avoid for listing gain..may add after reviewing 2-3 quarter results for long term

Neutral

Return to Investment ratio is low here, Investors may consider to invest in other better opportunities if available

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Good mid cap banking stock....bogged down by litigations.

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Listing Gain

Avoid

READ RHP

Avoid

Too many legal cases and there is no chairman at present. I do think the profits will decrease in the future, as it is at its peak cycle. GMP is low as to the risk to reward ratio according to me, which isnèt worth taking the risk

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This is one of the oldest and profitable bank. So for long period of time it may be profitable.

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What is the basis of allotment for HIN below 10 lakhs and above 10 lakhs

Avoid

Not recommended

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All banks are favored now
Small issue (with QIB 75%)
Potential for long term appreciation as this bank has good track record.

Thanks

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I will apply for listing gain only

Avoid

In present circumstances it's not advisable to apply. Lot of confusion. Rest depends on individual.

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Accounts of company very aggressive/good

Avoid

Will get at cheaper price after listing.

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Good

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Apply FF. Hard to get allotment as retail & HNI quota is very less. Expect Return 8-10% on listing.

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Very good Opportunity.

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Jyada se Jyada 5-7 % ka Risk ho Sakta hai Yaa Listing Par 7-12 % tak Profit Mil Sakta hai.
Abhi GMP- 28-35 hai. Alag Alag Cities States Mein Premium ka Fark ho sakta hai.
[ Before Applying in IPO Consult with your financial Advisor and do your own research ]

Subscribe for Long Term at Upper Price Band

𝘎𝘰𝘰𝘥 𝘯𝘶𝘮𝘣𝘦𝘳𝘴. 𝘙𝘦𝘵𝘢𝘪𝘭 𝘱𝘰𝘳𝘵𝘪𝘰𝘯 𝘰𝘯𝘭𝘺 10% 𝘮𝘶𝘴𝘵 𝘩𝘰𝘭𝘥 𝘭𝘰𝘯𝘨 𝘵𝘪𝘮𝘦.

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PROFIT making bank but some court case hence retail 10% only
sell stop loss issue price

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After couple of years we are getting banking ipo. It has solid financials. Just apply.

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Continuous profit earning best private sector bank in the recent times

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You may subscribe this ipo for the listing,short and long term gain.

Good ipo.

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Apply ff.. with only 10% available for retail , it will tough lottery for retail..lucky if knd gets allotment..

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Large numbers of clients. And good profit history