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Tamilnad Mercantile Bank allotted shares to anchor investors before IPO

Written by: Diksha Kalra

Published: Sep 16, 2026

Updated: Sep 16, 2026

1 min read

Tamilnad Mercantile Bank allotted 71,28,000 shares to 21 Anchor investors at 510.  Price band in the IPO is 500-525. TMB allotted shares below the upper end of the price band.

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