The history of Tamilnad Mercantile Bank Ltd., the then Nadar Bank Ltd., dates back to 1921. The thought of establishing a bank under the guidance of the able Nadar business community was mooted out in the Anniversary of Nadar Mahajana Sangam held at Tuticorin in 1920. The proposal was effected soon. The bank was registered on May 11, 1921as “The Nadar Bank Ltd”.
The bank initially known as “The Nadar Bank Ltd.” became a Scheduled Bank under the Reserve Bank of India Act on May 11, 1935. The Nadar Bank Ltd., changed its name to the Tamilnad Mercantile Bank Ltd., on Nov 26, 1962.
The bank was having only 4 branches until the year 1947 at Tuticorin, Madurai, Sivakasi, and Virudhunagar. The bank had also a branch at Colombo in the year 1937 and the same was closed in the year 1939. The bank has now 509 full-fledged branches all over India, 12 Regional Offices, 11 Extension Counters, 6 Central Processing Centres, 1 Service Branch, 4 Currency Chests, and 1151 Automated Teller Machines. All the 509 branches are computerized and interconnected. The first branch outside the State of Tamilnadu was opened in the year 1976 at Bangalore.
The bank, which had a Net Profit of Rs. 6,984.00 in the year 1921 had spurted its profit to Rs. 5.05 Lakhs in the year 1971 and Rs. 258 Crores for the year ended March 2019. The high level of profit earned by the bank enabled to build up and sustain the high level of reserve base.
| Total Available Shares: | 500 |
| Face Value: | ₹ 10 Per Equity Share |
| ISIN: | INE668A01016 |
| Lot Size: | 100-500 Shares |
| Current Unlisted Share Price: | ₹ Best in industry Per Equity Share |
| Retail Discount: | Bulk Deal (1%) |
| Parameter | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
| Total Business | Rs. 65601 | Rs. 61624 | Rs. 56197 | Rs. 54162 | Rs. 52946 | Rs. 44986 |
| Deposits | Rs. 36825 | Rs. 35136 | Rs. 32428 | Rs. 32190 | Rs. 30368 | Rs. 25650 |
| Advances | Rs. 28236 | Rs. 26487 | Rs. 23768 | Rs. 21972 | Rs. 22577 | Rs. 19336. |
| Net Profit | Rs. 407 | Rs. 258 | Rs. 221 | Rs. 316 | Rs. 402 | Rs. 379 |
| CASA | NA | 24.64% | 25.32% | 23.23% | 19.40% | 19.63% |
| NIM | NA | 3.65% | 3.61% | 3.48% | 3.52% | 3.53% |
| G.NPA | 3.62% | 4.32% | 3.60% | 2.91% | 1.84% | 1.63% |
| Net NPA | 1.80% | 2.40% | 2.16% | 1.74% | 0.89% | 0.67% |
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Market Wizard
On September 11, the Enforcement Directorate (ED) said its Adjudicating Authority has fined TMB Rs 17 crore and its then Chairman and Director MGM Maran Rs 35 crore.
In the same case, the Adjudicating Authority had also fined Standard Chartered Bank Rs 100 crore. The penalties were levied under the Foreign Exchange Management Act, 1999 (FEMA)
According to the ED, a probe under FEMA was taken up on the basis of a reference received from the Reserve Bank of India (RBI) to investigate advance remittances received by certain entities for the purchase of the shares of TMB through the escrow mechanism maintained with Standard Chartered Bank, Mumbai.
A penalty of Rs 35 crore was imposed on Maran, then Chairman and Director of TMB, for opening a bank account in Singapore and receiving foreign exchange to the tune of $68,50,000 (equivalent to Rs 28.08 crore) in that account from a foreign entity.
The said payment is the consideration for facilitating and assigning the rights towards transfer of shares of TMB in favour of Katra Holdings Limited, consequent to a private agreement with that company. The penalty is also for failing to repatriate the said foreign exchange of $68,50,000 to Ind
rajan
I am holding 501 shares will give at 380/share.if anyone interested Pls call 8010009625
vimal
tmb audited financial statements as at 31.03.2020 were released… Net Profit 407.69 crores.. it is 57.66% growth over last year.. after this CORONA lock down.. huge jump in price is expected…
Market Wizard
Yes. it is the most undervalued bank in an unlisted market.
sankaraarayanan
you recommended buy rate? sell rate?
Market Wizard
We are buying at Rs 340 and selling at Rs 365.
Muthukumar
I am interested in buying 1000 shares at Rs.350/- per share. If interested, please contact. Thanks!
Muthukumar
I am interested in buying 2,000 shares at Rs.360. Please call me at 98428 33954. Thanks!
rajan
iam holding 501 shares will give at 380/share . if ur intrested pls call
krishna
Willing to buy 9894190044
rijo
I can sell@375
Krishna
If anyone wish to buy TMB shares, kindly contact me +91 80100 09625
SURYA S
Market huge correction, Bank share near low by low @ in this position TMB share present rate (Proposed to I Buy) from (17-04-2020) kindly intimate
vimal
@ 370 i can sell
Muthukumar
How many shares do you have? Please call me at 98428 33954. We’ll negotiate.
Stanphen George
hi Vimal
interested in this share contact me WhatsApp at present i am in Qatar
REPLY
vasantha
Share your contact number
SURYA S
present rate (proposed I buy) kindly intimate
SURYA S
TODAY TMB BUYING PRICE
Krishna
If anyone interested in buying TMB shares, kindly contact me +91 80100 09625
SURYA S
MAIN OBJECT OF AGM? ipo, RIGHT ISSU IF ANY KINDLY KINDLY PLEASE KINDLY PLEASE REPLY?
Market Wizard
Please read here:
https://unlistedzone.com/tamilnad-mercantile-bank-planning-to-come-with-an-ipo-08-03-2020/
SURYA S
I hold 501 share Agm date announced If any expected Right issue ( At par , or premium) dividend if any kindly expected news if any
chitra venkataraman
TMB AGM DATE ANNOUNCED OLD SHARE HOLDER VERY HAPPY. IF ANY RIGHT ISSUE (PREMIEM EXPECTED) DIVIDEND ANNOUNCED EXPECTED NEWS IF ANY KINDLY INTIMATE
Krishna
If anyone interested in buying TMB shares, kindly contact 80100 09625, Thankyou
Thiagarajan
TMB has given Notice to Shareholders for conducting AGMs for FY 2016 to 2019 – 94th to 97th AGMs. IPO proposal is being tabled for approval of Shareholders. The outcome will be known on 09/04/2020, the date of AGMs.
Velan
I saw an intimation of TMB AGM scheduled on
9th April 2020
Is the IPO confirmed
Sandeep
I have bought shares @460 two years back and now the market price has fallen. Anybody has any idea on when is the IPO coming up? And what could the price band?
Market Wizard
As of now, there is no news from management when they gonna come up with IPO. However, we would advise staying with TMB. The company is performing well and the IPO price should come above 500, looking at current book value.
chitra venkataraman
ANY NEWS TMB IPO, BOARD MEETING COURT NEWS, REGHT NEWS KINDLY INFORM
Naren
Regretful sale
Looking to expand my business hence selling for capital generation
Selling half of my quantity held
Offering 4000 shares @450/share
k
i want TMB shares
ganesh
please send your offer price
Market Wizard
Hi,
At present, we are offering a price of Rs. 380 per share.
Deepak
Need to buy can you ping 8010009625
Valen
I would like to buy TMB Shares
Market Wizard
Hi, TMB is available at 370 per share.
Anand
Still available ?
manish
WILL TO SELL 1000 SHARE @ 500
Market Wizard
Tamilnad Mercantile Bank, the only unlisted bank, has given good numbers for the Dec-19 quarter. Revenue up by 14% YoY and PAT has shown 6x growth.
As on 31.12.2019
(i)Total business = 62544 Cr
(ii) Total Deposit = 35174 Cr
(iii)Total Advances= 27369 Cr
(iv) Net Profit( 9M) = 243 Cr
(v) Net NPA = 2.13%.
Book Value = 267
Current Unlisted Price = 390
The share is available at P/B of mere 1.67x.
Ivan Sequeira
What is the current price of this share?
Market Wizard
Rs.350 per share
Deepak
Want to buy whts you offer
chitra venkataraman
I NEED 100 SHARE PRICE 350 YOU OFFER
SURYA S
When IPO Tamilnadu Mercantile Bank issued? issue price tentative? any proposal Bonus right issue information any possible? kindlyinform
SURYA S
I have proposed to to Buy 100 TMB share present value?
Market Wizard
Hi,
The present value of share is Rs.350.
Deepak
Need to buy can you ping 80100 09625
Naren
Price is Rs 450
Rao
Interested to buy 500 TMB share. Can I get quote
Market Wizard
Hi,
As on 23.11.2019, the TMB shares are trading at Rs.350 per share.
Karthick
Yes possible to buy in my end
Market Wizard
TMB Net Profit soars 140% in HY20
https://d2un9pqbzgw43g.cloudfront.net/main/TMB-Results.png
manish
TMB Current share price?
Market Wizard
350
girin rathva
TMB currently available at P/B of 1.56x, which looks good value buy at CMP.
Market Wizard
FY18-19 Financials
1. Reserves = 3475.57 Cr
2. Share Capital= 142.5
3. FV= 10
4. Book Value = 243
5. P/B= 1.56( at CMP of 380 per share)
6. Total Advances = 26,487.9 Cr
Surendra
When it will come with IPO ?
Market Wizard
The company may list in 1-2 years are per management. They have a good holding of FIIs, so to give them exit they will have to come up with an IPO.
Sathish
Around 2000 Shares available. Let me know if you need
Market Wizard
What is the price you are offering?
Karthick
What’s is rate now
Market Wizard
365 per share
Muthukumar
Still have 2,000 shares with you? Are you willing to sell? What is your asking price?
Sreenivas
Hi All,
I am planning to buy 2000 TMG shares, can anybody have and what is the price?
Prashil
TMB Shares @ 500 Rs. , 5000 Shares available.
vasantha
Selling @Rs 400 per share.im holding 1002 shares
Prasanna
HI I am willing to sell 100 shares at Rs. 500 per share
DAVID PONRAJ
Hi, I have 3,006 TMB share, planning to sell and expected price is Rs.500 per share.
Market Wizard
Pls Contact at 8010009625
Vijay
What is the price of 50 shares of tmb
pawan
50 share 560 rs.
call and WhatsApp me 8010009625
Thiagarajan
50 shares @550/-
Call 8010009625
Sushil Kumar
Tamilnad Mercantile Bank Share Price for 50 Shares
Market Wizard
Please contact Dinesh Gupta, Partner UnlistedZone
08010009625
pawan
1 lot (400) qty. rate 390 Rs.
call and whatsApp at 8010009625
rajagopalan sundaramurthy
any buying interest in TMBL shares i am a seller.
Market Wizard
will get back to you.
Market Wizard
Please offer the quantity you want to buy or sell at our email id sales@unlistedzone.com
Ankit Shah
Why are you selling the shares???
pawan
are you intersted unlisted share
call and whatsApp at 8010009625
pawan
call and WhatsApp me Discuss +91 8010009625