Tamilnad Mercantile Bank IPO — Listing Performance
Tamilnad Mercantile Bank IPO facts & figures
| Issue category | Mainboard |
|---|---|
| Issue open date | 5 Sep 2022 |
| Listing date | 15 Sep 2022 |
| Issue price | ₹510 |
| Listing-day close | ₹509.65 (-0.07%) |
| Recent market price | ₹910.90 (78.61% vs issue) |
| 52-week range | ₹421.95 – ₹942.45 |
| Identifiers | NSE: TMB · ISIN: INE668A01016 |
How the listing went
Tamilnad Mercantile Bank had a flat debut, closing within 0.07% of its issue price.
Tamilnad Mercantile Bank against every other debut on record
- Rank in 2022: 57 of 77 NSE debuts, on a -0.07% first-day close.
- 39th percentile of 37 mainboard debuts in 2022 (median 4.52%).
- 11th of 12 debuts in September 2022.
- Opened 2.94% below issue, then added 2.87 points to the close.
- Day-one range ₹481 to ₹515: a 6.67% swing on the issue price.
- Last close ₹910.90 (11 Sep 2026): 78.61% above issue, against -0.07% on day one.
- 94% up its 52-week range of ₹421.95 to ₹942.45.
- Priced 4% of the way up of the ₹500 to ₹525 band.
- Listed 8 calendar days after close.
- All 508 mainboard debuts on record: median 12.01%, 72% closed above issue.
Computed over 1109 verified NSE debuts to 11 Sep 2026 · sources