![]() Tamil Nadu’s gross state value added (“GSVA”) at current prices grew at a compounded annual growth rate. Tamil Nadu, the fourth largest state of India, is one of the fastest growing states, with continued focus on MSME and textile industry. The company have built a strong presence in the state of Tamil Nadu, with 369 branches and 949 automated teller machines (“ATMs”) and 255 cash recycler machines (“CRMs”) as of March 31, 2022. The TMB head quartered at Thoothukudi, Tamil Nadu, India. You can check here to know Tamilnad Mercantile Bank IPO GMP and Tamilnad Mercantile Bank IPO subscription status here. As of March 31, 2022, the company have 509 branches, of which 106 branches are in rural, 247 in semi-urban, 80 in urban and 76 in metropolitan centres. The TMB offer a wide range of banking and financial services primarily to micro, small and medium enterprises (“MSME”), agricultural and retail customers (“RAM”). ![]() Tamilnad Mercantile Bank is one of the oldest and leading old private sector banks in India with a history of almost 100 years. ![]() ![]() ■ The company price band before set as 525 but now the company announced the price band 510. The company has reserved 75% for QIB, 15% for NII and 10% for Retail Investor in this IPO. ![]()
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