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September 5, 2022 - September 7, 2022

Tamilnad Mercantile Bank IPO Review & Recommendations

Ajcon Global Services Ltd, Arihant Capital Markets Ltd, Ashika Research, BP Equities (BP Wealth), Dilip Davda, Nirmal Bang, Reliance Securities, Religare Broking Limited, Ventura Securities Limited and Yes securities Ltd have given "Apply" recommendation to Tamilnad Mercantile Bank IPO. Anand Rathi, Canara Bank, Hem Securities, ICICI Direct, Investmentz Ltd and Jainam Broking limited have given "May Apply" recommendation to Tamilnad Mercantile Bank IPO. Angel One, Capital Market and KR Choksey Securities Ltd have "Neutral" view about the IPO. Swastika Investmart Ltd recommend to "Avoid" the IPO.Axis Capital, HDFC Securities Limited and Motilal Oswal have "Not Rated" the IPO.

Tamilnad Mercantile Bank IPO Review Summary from brokers and analysts

Review By Apply May Apply Neutral Avoid Not Rated
Count 10 6 3 1 3
% 43.48 26.09 13.04 4.35 13.04

Tamilnad Mercantile Bank IPO Analysis By Brokers/Analysts

Tamilnad Mercantile Bank IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Tamilnad Mercantile Bank IPO is 43. Their analysis recommends Avoid, however active risk seekers can try for the IPO.

Reviewer Rating Score Rating
Capital Market 43 Avoid, however active risk seekers can try

Tamilnad Mercantile Bank IPO Review by Dilip Davda (Apply)

[Dilip Davda]  On all counts, except the pending legal matter in regard to OFS, this issue is fairly priced and holds good future prospects. Though conservative, the steady growth track record and sound fundamentals of the bank augur well for considering the reasonably priced issue from a medium to long-term perspective. Read detail review...


Tamilnad Mercantile Bank IPO Review by Members

Tamilnad Mercantile Bank IPO Reviews, analysis and views by popular members. Read Tamilnad Mercantile Bank Limited IPO reviews by retail investors to find recommended ipo to buy.

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Tamilnad Mercantile Bank IPO Review Summary by Members

Review By Apply May Apply Neutral Avoid
Count 21 0 3 12
% 58.33 0.00 8.33 33.33
Clear Search
Member Review
Boring Investor (200+ Posts)

Avoid

Avoid if applying for listing gains.

September 7, 2022 2:06:35 PM
AnandS

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.

September 6, 2022 4:26:43 PM
Amit Surana (400+ Posts)

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...

September 6, 2022 3:53:44 PM
hemant kumar

Apply for Listing Gain at Cut-off Price

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.

September 6, 2022 3:52:10 PM
Ravu
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)

Neutral

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

September 6, 2022 3:09:06 PM
MAPatel
Top Contributor Top Contributor (300+ Posts, 100+ Likes)

Avoid

Not too much fancy

September 6, 2022 2:14:59 PM
SARIT

Apply for Listing Gain at Upper Price Band

Very Good Financials.

September 6, 2022 1:56:49 PM
Honey Bear

Avoid

Litigations,
Limited geographical operations,
Over valued.

September 6, 2022 1:51:59 PM
JAI MATA DI
IPO Mentor IPO Mentor (700+ Posts, 500+ Likes)

Apply for Long Term at Cut-off Price

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.

September 6, 2022 1:51:37 PM
lucky boy
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)

Avoid

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

September 6, 2022 1:25:11 PM
Monster Zero
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)

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%.

September 6, 2022 9:58:37 PM
Dr.strange
Top Contributor Top Contributor (200+ Posts, 100+ Likes)

Avoid

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

September 6, 2022 1:13:24 PM
Gaurav DD dimer
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)

Neutral

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

September 6, 2022 3:50:03 PM
RAJESHWAR

Apply for Long Term at Cut-off Price

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

September 6, 2022 12:43:56 PM
RDG

Apply for Listing Gain at Cut-off Price

Listing Gain

September 6, 2022 8:12:28 AM
NANDA IPO

Avoid

READ RHP

September 6, 2022 8:02:11 AM
PAK

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 isnรจt worth taking the risk

September 5, 2022 10:11:07 PM
Md Afroz Alam Saddam

Apply for Long Term at Cut-off Price

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

September 5, 2022 10:07:42 PM
Rameshshan

Apply for Listing Gain at Cut-off Price

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

September 5, 2022 5:56:54 PM
Abhishek fresher

Avoid

Not recommended

September 5, 2022 4:34:03 PM
MRavichandran
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)

Apply for Long Term at Cut-off Price

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

Thanks

September 5, 2022 12:51:16 PM
Amit Pathak

Apply for Listing Gain at Cut-off Price

I will apply for listing gain only

September 5, 2022 12:07:52 PM
PKRAJ

Avoid

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

September 3, 2022 3:07:40 PM
SAHIL WADHWA

Apply for Long Term at Upper Price Band

Accounts of company very aggressive/good

September 3, 2022 1:55:56 PM
Amit Chheda
IPO Mentor IPO Mentor (700+ Posts, 900+ Likes)

Avoid

Will get at cheaper price after listing.

September 3, 2022 10:16:25 AM
sahab
IPO Mentor IPO Mentor (900+ Posts, 500+ Likes)

Apply for Listing Gain at Upper Price Band

Good

September 2, 2022 10:33:58 PM
Sawant

Apply for Listing Gain at Upper Price Band

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

September 1, 2022 6:35:09 PM
Raghavendra C S

Apply for Long Term at Cut-off Price

Very good Opportunity.

September 1, 2022 11:27:46 AM
B.M.SURANA
IPO Guru IPO Guru (2500+ Posts, 4600+ Likes)

Apply for Listing Gain at Cut-off Price

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 ]

August 31, 2022 9:24:58 AM
Rajesh s.
Top Contributor Top Contributor (400+ Posts, 600+ Likes)

Apply for Long Term at Upper Price Band

๐˜Ž๐˜ฐ๐˜ฐ๐˜ฅ ๐˜ฏ๐˜ถ๐˜ฎ๐˜ฃ๐˜ฆ๐˜ณ๐˜ด. ๐˜™๐˜ฆ๐˜ต๐˜ข๐˜ช๐˜ญ ๐˜ฑ๐˜ฐ๐˜ณ๐˜ต๐˜ช๐˜ฐ๐˜ฏ ๐˜ฐ๐˜ฏ๐˜ญ๐˜บ 10% ๐˜ฎ๐˜ถ๐˜ด๐˜ต ๐˜ฉ๐˜ฐ๐˜ญ๐˜ฅ ๐˜ญ๐˜ฐ๐˜ฏ๐˜จ ๐˜ต๐˜ช๐˜ฎ๐˜ฆ.

August 30, 2022 7:16:19 PM
Chem cho
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)

Apply for Listing Gain at Cut-off Price

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

August 29, 2022 10:40:15 AM
Mr. C

Apply for Short Term at Cut-off Price

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

August 29, 2022 9:36:27 AM
SENTHIL VELAYUTHAM J

Apply for Long Term at Upper Price Band

Continuous profit earning best private sector bank in the recent times

August 28, 2022 4:11:25 PM
SaurabhLL

Apply for Long Term at Cut-off Price

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

Good ipo.

August 28, 2022 10:29:33 AM
amit K singh
IPO Guru IPO Guru (1000+ Posts, 1600+ Likes)

Apply for Short Term at Cut-off Price

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

August 28, 2022 9:35:18 AM
Aryabhatta

Apply for Long Term at Cut-off Price

Large numbers of clients. And good profit history

August 28, 2022 1:35:13 AM

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3 Comments

3. Amit Surana     Link|September 5, 2022 6:02:08 PM
looking at the GMP .. i mite avoid it...
2. G Jagadish Rao     Link|September 5, 2022 11:56:18 AM
Apply for listing gains,if allotted book profit on the day of listing
1. D P GARG     Link|August 30, 2022 2:41:23 PM
Not more than 10% for retail bidders and not less than 75% for QIBs is highly unjustified and anti public