#Tamilnad Mercantile Bank IPO

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Tamilnad Mercantile Bank IPO: तमिलनाड मर्केंटाइल बैंक के आईपीओ को निवेशकों का फीका रेस्पांस

Tamilnad Mercantile Bank IPO: तमिलनाड मर्केंटाइल बैंक के आईपीओ को निवेशकों का फीका रेस्पांस

Tamilnad Mercantile Bank IPO Subscription: देश के सबसे पुराने बैंकों में से एक तमिलनाड मर्केंटाइल बैंक (Tamilnad Mercantile Bank) का आईपीओ आज बंद हो गया. तमिलनाड मर्केंटाइल बैंक के आईपीओ को फीका रेस्पांस मिला है.  आईपीओ कुल 2.86 गुना ही सब्सक्राइब हो सका है. हालांकि रिटेल निवेशकों की तरफ से आईपीओ को शानदार रेस्पांस मिला है.  कितना हुआ सब्सक्राइब तमिलनाड मर्केंटाइल बैंक में संस्थागत निवेशकों की ओर…

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Tamilnad Mercantile Bank IPO | TMB IPO Price Band | Planify

We have discussed TMB IPO, Tamilnad Mercantile Bank Price Band, and the benefits of investing in TMB Unlisted shares. Watch the video to know the benefits of investing in Tamilnad Mercantile Bank IPO.

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Tamilnad Mercantile Bank Limited IPO Review || Upcoming IPO 2022 || Mohit Munjal || Apply or Avoid?

Tamilnad Mercantile Bank Limited IPO. Incorporated in 1921, Tamilnad Mercantile Bank (TMB) is one of the oldest private sector banks in India. It offers an array of banking and financial services to retail customers, micro, small, and medium enterprises (MSMEs), and more.

TMB has a strong portfolio of advances and deposits from a diversified customer base including retail customers, agricultural customers, and MSMEs. As of March 31, 2022, the bank has a strong branch network of 509 branches and a total customer base of 5.08 million. TMB has a significant market presence in the state of Tamil Nadu with 369 branches, and is also present in 15 other states and 4 union territories of India.

[youressentialsblog]

Tamilnad Mercantile Bank Files Draft Prospectus For IPO

Tamilnad Mercantile Bank Files Draft Prospectus For IPO

The 100-year-old Tamilnad Mercantile Bank, which has had its share of regulatory troubles over the years, has filed a draft red herring prospectus for its initial public offering. The old-generation private sector bank was formed as a lender for the Nadar community in Tamil Nadu. According to the prospectus, the bank is looking to issue 1.58 crore fresh equity shares as part of its IPO. Its…

[health2wealthy]

Fact Check: Is (Aadhaar) UIDAI Tracking Your Financial Activities Through Aadhaar? Know The Truth Of This Viral Message

  Aadhaar Card Fact Check: The aadhaar card has become a very important document in today's times. There is hardly any important work that does not require an Aadhaar card. It is used for everything from financial functions to ID proof. An aadhaar card is used for everything from opening a bank account to a PAN card and filing income tax returns. Apart from this Aadhaar card is required while traveling by train or flight. Government organization UIDAI works to create the Aadhaar card of every person in the country. Due to the increasing utility of Aadhaar, UIDAI allows people to update information like name, gender, date of birth, biometrics, etc. in Aadhaar. Along with the growing need for Aadhaar, false news regarding it also goes viral on social media. In such a situation, Aadhaar keeps sharing information related to it on its official Twitter handle, to remove any belief related to Aadhaar. Nowadays social media is claiming that anyone can track anyone's financial activity through their Aadhaar number. If you too have seen this claim viral on social media, then we tell you the truth of this claim-

aadhaar UIDAI Told the truth by tweeting Aadhaar On the claim of tracking financial activity through the Aadhaar number on social media, Aadhaar tweeted on its official Twitter handle that the claim is completely false. UIDAI does not retain any financial information or data of any resident. No financial information can be obtained through the Aadhaar number.   #AadhaarMythBusters #AadhaarFacts#UIDAI Only minimal information is required at enrollment/update, including your name, address, gender, date of birth, fingerprints, iris scan, and facial photograph.#UIDAI Never holds any financial information/data of the resident. Aadhaar is faith. pic.twitter.com/2GyvM6Eo13 — Aadhaar (@UIDAI) September 12, 2022 How to update a photo in Aadhaar? For this, you have to click on the official website of UIDAI. Then first download the Aadhaar update form. Then take this form and go to the Aadhaar center and give biometric details there and update the photo by paying 25 rupees + GST ​​fee. After this, your new photo will be taken. Then your photo will be updated in Aadhaar (Aadhaar Card Update). Also, read more : Tamilnadu Mercantile Bank IPO: Poor Listing Of Tamilnad Mercantile Bank, Listing At Rs 510 On BSE-Rs 495 On NSE Source link Read the full article

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Tamilnad Mercantile Bank to make market debut on September 15 | What could be the listing price?

Tamilnad Mercantile Bank to make market debut on September 15 | What could be the listing price?

Tamilnad Mercantile Bank has 509 branches across India as of March 2022. Those who have invested in private sector lender Tamilnad Mercantile Bank through its IPO are eagerly awaiting the listing of its shares, which is going to take place on September 15. The debut price could be either flat or moderate premium over the final issue price of Rs 525 given the lower-than-expected investors’…

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Should you invest in Tamilnad Mercantile Bank IPO? – myMoneySage Blog

Should you invest in Tamilnad Mercantile Bank IPO? – myMoneySage Blog

Tamilnad Mercantile Bank incorporated on May 11, 1921, is one of the oldest and leading old private sector banks in India, with a history of close to 100 years. It offers a wide range of banking and financial services primarily to MSME, agricultural and retail customers. TMBL primarily offers various loan products to its MSME customers operating in the manufacturing, trading, and services sector.…

[new-haryanvi-ragni]

Private lender Tamilnad Mercantile IPO subscribed over THIS MUCH times on second day

Private lender Tamilnad Mercantile IPO subscribed over THIS MUCH times on second day

The IPO of Tuticorin-based private bank received an 83 % subscription on the first day on Monday. The bank mobilized a little over Rs 363 crore from anchor investors on Friday.  source https://zeenews.india.com/companies/private-lender-tamilnad-mercantile-ipo-subscribed-over-this-much-times-on-second-day-2506831.html

[marketwalarj]

IPO Update: Tamilnad Mercantile Bank My View: Avoid, over priced IPO so listing gain will be not much and nothing new in business even though one of the oldest bank in private sector. #tamilnadmercantilebank #tamilnadmercantilebankipo #ipo #IPOAlert #IPOlist #ipolisting #ipoupdate #marketwala #marketwalarj #savemoney #investingforbeginners #investingtips #stockpicking #financetips #stockstoview #study #news #updates #investing — view on Instagram https://ift.tt/vUHplA2

[lunamehta]

Want to Start Investing in  Bazar India Shares

If you are a beginner and you want to invest in the Bazar India shares then start investing in private equity it will provide you with a good return. Some stock recommendations by Planify in unlisted shares. Planify Unlisted shares Bazar India Shares Metropolitan Stock Exchange Tata Technologies Unlisted shares National Stock Exchange Tamilnad Mercantile Bank Pre IPO Frick India Unlisted Shares Fincare small finance bank Pre IPO To Buy and Sell Contact - +91-706556-0002 Planify Capital Limited

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Tamilnad Mercantile Bank Files draft red herring prospectus (DRHP) with Securities Exchange Board of India

Tamilnad Mercantile Bank Files draft red herring prospectus (DRHP) with Securities Exchange Board of India

Tamilnad Mercantile Bank is present in Tamil Nadu, Gujarat, Maharashtra and Andhra Pradesh Tamilnad Mercantile Bank has filed a draft red herring prospectus (DRHP) with Securities Exchange Board of India to raise funds through an initial public offering (IPO). The Tuticorin-based lender’s IPO will include a fresh issue of 15,827,495 shares and an offer for sale (OFS) of 12,505 shares by existing…

[uaecompany]

Tamilnad Mercantile Bank Limited IPO Details | Upcoming IPO 2022 | Mohit Munjal

Tamilnad Mercantile Bank Limited IPO.

Incorporated in 1921, Tamilnad Mercantile Bank (TMB) is one of the oldest private sector banks in India. It offers an array of banking and financial services to retail customers, micro, small, and medium enterprises (MSMEs), and more. TMB has a strong portfolio of advances and deposits from a diversified customer base including retail customers, agricultural customers, and MSMEs. As of March 31, 2022, the bank has a strong branch network of 509 branches and a total customer base of 5.08 million. TMB has a significant market presence in the state of Tamil Nadu with 369 branches and is also present in 15 other states and 4 union territories of India.

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Business news live - The Hindu

Business news live - The Hindu

2:22 P.M.

Aluminium prices hit over decade high as Guinea unrest sparks supply fears

Aluminium prices hit their highest in more than 10 years on Monday after reports of political turmoil in bauxite mining hub Guinea triggered concerns over raw material shortages.

Guinea is the world’s top supplier of bauxite – the ore used to produce aluminium – to China, the biggest producer and consumer of the metal used in construction, cars and aeroplanes, Reuters reported.

2:19 P.M.

Tamilnad Mercantile Bank files IPO papers with Sebi

Private sector lender Tamilnad Mercantile Bank has filed preliminary papers with markets regulator Sebi to raise funds through an initial public offering.

The initial public offering (IPO) comprises fresh issue of 15,827,495 equity shares and an offer-for-sale of up to 12,505 equity shares by selling shareholders, according to the draft red herring prospectus (DRHP), PTI  reported.

2:11 P.M.

Shipping industry proposes levy to speed up zero carbon future

Leading shipping associations have proposed creating a global levy on carbon emissions from ships to help speed up the industry’s efforts to go greener.

With about 90% of world trade transported by sea, global shipping accounts for nearly 3% of the world’s CO2 emissions and the sector is under growing pressure to get cleaner, Reuters reported.

2:04 P.M.

Qualcomm says it will supply chip for new Renault electric vehicle

Qualcomm Inc said it will supply a key computing chip for the digital dashboard in a new Renault SA electric vehicle.

Qualcomm said Monday that Renault’s Mégane E-TECH Electric will use its chips to power the vehicle’s infotainment system using software from Alphabet Inc’s Google, Qualcomm’s longtime partner in the Android phone market, Reuters reported.

2:01 P.M.

Piaggio, KTM, Honda and Yamaha set up swappable batteries consortium

Italian scooter maker Piaggio said on Monday it had set up a consortium with Honda Motor Co., KTM AG and Yamaha Motor Co. to encourage the use of swappable batteries for electric motorcycles and light electric vehicles.

The Swappable Batteries Motorcycle Consortium (SBMC) aims to broaden the use of light electric vehicles, such as scooters, mopeds and motorcycles, and support a more sustainable management of their batteries, PTI reported citing a joint statement.

1:52 P.M.

India in talks to buy 9.9% stake in Russia’s Arctic LNG 2 project

India is in talks with Russian energy producer Novatek to buy a 9.9% stake in the Novatek-led Arctic LNG-2 project, Reuters reported citing Interfax news agency.

Besides Novatak, Arctic LNG-2’s stakeholders include CNPC, Total, CNOOC and a consortium of Mitsui and JOGMEC.

1:33 P.M.

U.K. watchdog urges more powers over crypto promotions

Britain’s Financial watchdog said that creating a regulatory regime for the centralised world of crypto assets will take careful thought.

The country’s Finance Ministry has already consulted publicly on whether some crypto asset promotions need regulating, Reuters reported.

“There are no assets or real world cashflows underpinning the price of speculative digital tokens, even the better known ones like Bitcoin, and many cannot even boast a scarcity value,” Financial Conduct Authority Chair Charles Randell said in a speech.

1:10 P.M.

Retail startup Dukaan raises $11 million funding

Retail startup Dukaan said it has raised $11 million (₹80.3 crore) in funding led by 640 Oxford Ventures.

The retail platform helps entrepreneurs set up online stores.

The pre-series A round also saw participation from existing investors including Snow Leopard Ventures, Lightspeed Partners and Matrix Partners India, PTI reported.

1:00 P.M.

Indian benchmark indices resumed their upward trajectory today, opening at fresh record highs. Asian shares reached six-week peaks, while oil slid as the Saudis cut prices for Asian customers.

Maruti Suzuki India increased the prices of its entire product range with immediate effect, due to an increase in various input costs. The prices of Aluminium, which is used in construction, cars and aeroplanes, hit their highest in over 10 years.

Meanwhile, India’s August gold imports nearly doubled from a year ago to their highest level in five months on strong demand.

12:56 P.M.

BMW orders up $24 billion of batteries as EV demand grows

BMW AG has boosted orders for battery cells to keep pace with accelerating demand for electric cars that made up for more than 11% of deliveries during the half of the year, Bloomberg reported.

The German carmaker now has contracts for more than 20 billion euros ($23.8 billion) of batteries, up from 12 billion euros previously, CEO Oliver Zipse said in an interview.

The cells are destined for i4 sedans, iX sport utility vehicles and other models BMW is producing through 2024, the report noted and added that the company plans to start switching to a new generation of batteries the following year.

12:49 P.M.

Lupin, TB Alliance join hands for new therapy for drug-resistant Tuberculosis

Drugmaker Lupin on Monday said non-profit drug developer TB Alliance has granted it a non-exclusive licence to manufacture anti-TB drug pretomanid as part of the three-drug BPaL regimen.

The Mumbai-based company intends to commercialise the medicine in around 140 countries and territories, including many of the highest TB burden nations around the world, according to a PTI report.

The BPaL regimen offers the TB community the first all-oral, six-month treatment for highly resistant forms of drug resistant-TB.

12:36 P.M.

Oil falls $1 after deep Saudi price cuts spur demand concerns

Oil prices fell about $1 on Monday, extending losses after the world’s top exporter Saudi Arabia slashed crude contract prices for Asia over the weekend, reflecting well-supplied global markets and concerns over the outlook for demand, Reuters reported.

Brent crude futures for November fell 1.4%, to $71.63 a barrel, while U.S. West Texas Intermediate crude for October was down 95 cents, or 1.4%.

12:30 P.M.

Goldman Sachs to list Petershill asset management unit for $750 million

Goldman Sachs will list asset management unit Petershill Partners on the London Stock Exchange for $750 million, it said on Monday.

Petershill, which takes minority stakes in private equity and hedge funds, will be a standalone company operated by the Goldman Sachs Asset Management team, according to a Reuters report.

The business takes advantage of its relationship with Goldman Sachs to source attractive acquisitions in alternative asset management, the firm said. Petershill itself has no fixed assets but holds positions in 19 alternative asset managers.

12:20 P.M.

Aluminium prices hit over decade high as Guinea unrest sparks supply fears

Aluminium prices hit their highest in more than 10 years today after reports of political turmoil in bauxite mining hub Guinea triggered concerns over raw material shortages, Reuters reported.

The most-traded October aluminium contract on the Shanghai Futures Exchange jumped as much as 3.2% to 21,980 yuan ($3,406.64) a tonne, a level unseen since July 2008, before easing to 21,640 yuan a tonne, still up 1.6%, the report noted.

Three-month aluminium on the London Metal Exchange rose as much as 1.8% to $2,775.50 a tonne, highest since May 2011.

11:58 A.M.

Oil giant ADNOC to sell minimum 7.5% stake in drilling unit’s IPO

ADNOC Drilling said on Monday it intended to list on the Abu Dhabi bourse, with its parent company Abu Dhabi National Oil Co (ADNOC) selling a minimum 7.5% stake in an initial public offering (IPO).

This is the second public flotation of a company owned by the Abu Dhabi oil giant after it listed ADNOC Distribution, the largest operator of petrol stations and convenience stores in the United Arab Emirates, in 2017, a Reuters report noted.

11:31 A.M.

European banks still booking profits in tax havens, report says

Top banks in Europe continue to use tax havens to book chunks of profits, a trend that has changed little since 2014 despite country-by-country disclosures becoming mandatory, the EU Tax Observatory said in a report on Monday.

Disclosures from 36 major European banks showed they booked a total of 20 billion euros ($23.77 billion) or about 14% of total profits, in tax havens, even though few were employed there, Reuters reported.

Profits booked by banks in tax havens work out at around 238,000 per employee, compared with 65,000 euros in non-tax havens, the report said.

10:59 A.M.

India’s August gold imports nearly double on price correction

India’s gold imports in August nearly doubled from a year ago to their highest level in five months on an improvement in demand and as a correction in prices prompted jewellers to ramp up purchases for the festive season, Reuters reported, citing a government source.

India imported 121 tonnes of gold in August, compared to 63 tonnes a year earlier, the report noted. In value terms, August imports surged to $6.7 billion from $3.7 billion a year ago.

10:44 A.M.

Rupee falls 4 paise to 73.06 against U.S. dollar in early trade

The Indian rupee declined 4 paise to 73.06 against the U.S. dollar in opening trade today, tracking a firm American currency, PTI reported.

At the interbank foreign exchange, the rupee opened at 73.02 against the dollar, then fell further to 73.06, registering a fall of 4 paise over its previous close.

Forex traders said a rally in domestic equities and sustained foreign fund inflows supported the rupee and contained the depreciation bias.

10:39 A.M.

Maruti Suzuki hikes vehicle prices by up to 1.9%

The country’s largest carmaker Maruti Suzuki India (MSI) on Monday said it has increased prices of its entire product range, except Celerio, by up to 1.9% with immediate effect, according to PTI.

In a regulatory filing, the company said that it has taken the decision to hike prices due to an increase in various input costs. This is MSI’s third price hike this year.

The auto major has already raised prices in January and April this year, with an overall hike of around 3.5%, the news agency noted.

10:28 A.M.

Saudi Arabia slashes crude prices to Asia

Saudi Arabia, the world’s top oil exporter, slashed prices of all crude grades to Asian customers in October versus September, but left prices to north-western Europe and the United States steady, a Reuters report noted.

The deep price cuts come as lockdowns across Asia to combat the highly infectious delta variant of the coronavirus have capped fuel demand in the region. Global oil supplies are also increasing as the OPEC+ is raising output by 400,000 barrels per day a month between August and December.

10:18 A.M.

Binance removes Singapore products on main platform after regulator’s warning

Embattled Binance, one of the world’s largest cryptocurrency exchanges, said it will restrict its services in Singapore days after the city state’s central bank said it should stop offering payment services, according to a Reuters report.

The Monetary Authority of Singapore became the latest regulator to take aim at Binance, warning last week that its global platform, Binance.com, could be breaking the law by providing payment services to Singapore residents without an appropriate licence, the report noted.

Binance.com will stop offering Singapore dollar payment options and Singapore dollar trading pairs from Sept. 10 and the app will be removed from the Singapore iOs and Google Play stores, it said in a post on its website.

9:48 A.M.

Atal Pension Yojana dominates social security scheme with 66% NPS subscriber base

Atal Pension Yojana (APY) has emerged as the most popular social security scheme under the National Pension System (NPS), PTI reported.

Out of 4.2 crore NPS subscribers, over 66% or 2.8 crore opted for the APY at the end of 2020-21, mainly from the non-metro centres, according the annual report of the National Pension Systems Trust.

APY also dominated in terms of growth rate of the subscriber base, with a gain of 33% on-year in fiscal year ending March 2021, the report noted.

9:34 A.M.

Govt’s excise collection jumps 48% in Apr-July

The government’s collections from levy of excise duty on petroleum products have jumped 48% in the first four months of the current fiscal year, with the incremental mop-up being 3-times of the repayment liability of legacy oil bonds in the full fiscal, official data showed.

Data available from the Controller General of Accounts in the Union Ministry of Finance showed excise duty collections during April-July 2021 surging to over ₹1 lakh crore, from ₹67,895 crore mop-up in the same period of the previous fiscal.

9:18 A.M.

Indian benchmark indices open at fresh record high

Indian indices opened at fresh record high today. BSE Sensex opened at 58,411.62, up 281.67 points, while Nifty opened at 17,399.35, up 75.75 points.

On Friday, the BSE Sensex settled 277.41 points or 0.48% up at its lifetime closing high of 58,129.95, while Nifty advanced 89.45 points or 0.52% to its all-time closing peak of 17,323.60.

9:05 A.M.

Global trends to guide markets in holiday-shortened week

The stock market is likely to continue with its positive momentum but may face bouts of profit-booking amid lofty valuations in this holiday-shortened week, PTI reported, citing analysts.

The trading sentiment will be guided mostly by global trends in absence of major domestic events, the report noted.

The BSE 30-share benchmark zoomed 2,005.23 points or 3.57% last week. The benchmark scaled the 58,000-mark for the first time on Friday.

9:00 A.M.

Asia shares edge higher on hopes for more stimulus

Asian shares edged higher today as a disappointing U.S. payrolls report promised to keep policy there super-loose for longer, but also clouded the outlook for global growth and inflation, Reuters reported.

A holiday in the United States made for thin conditions and kept MSCI’s broadest index of Asia-Pacific shares outside Japan to a small gain of 0.2%, though that was the highest since late July, the report noted.

Japan’s Nikkei added 1.7%, extending a rally on hopes a new prime minister there would bring added fiscal stimulus. Chinese blue chips gained 1.3% amid speculation Beijing would also be adding stimulus through fiscal and monetary policy.

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[makinvestment]

Tamilnad Mercantile Bank – IPO Note

Tamilnad Mercantile Bank – IPO Note

Company Overview:  With an illustrious history of over 100 years, Tamilnad Mercantile Bank is one of the oldest private sector banks in the country. It was incorporated as “Nadar Bank Ltd” in 1921 and subsequently changed its name to Tamilnad Mercantile Bank in 1962. As on March 31, 2022, the bank has approximately 509 branches, 282 CRMs, 1,141 ATMs, 101 E-Lobbies, and 4,792 PoS across India.…

[techminsolutions]

Tamilnad Mercantile Bank plans IPO of up to Rs 1,200 crore this fiscal

Tamilnad Mercantile Bank plans IPO of up to Rs 1,200 crore this fiscal

The Tamilnad Mercantile Bank (TMB), which will turn 100 this year, will come out with an initial public offering (IPO) of about Rs 1,000 crore to Rs 1,200 crore, said a top official of the bank. The official also said that TMB logged an after tax profit of Rs 603.33 crore for the year ending March 31, 2021, as compared to Rs 407.69 crore reported in the corresponding period of the previous…