MBWM announcements Mercantile Bank Corporation announcements and dividends declared USA
Mercantile Bank Corporation Complete list of announcements declared & dividend announcements by Mercantile Bank Corporation MBWM
Mercantile Bank Corporation MBWM listed on USA and deals in Finance Major BanksAnnouncements and dividends declared by Mercantile Bank Corporation MBWM
Tamilnad Mercantile Bank IPO subscribed 2.9x on strong retail interest
Response muted when compared to previous two IPOs; Lender to issue 15.84 million fresh shares via offering
Announcement as on 07 September 2022
Tamilnad Mercantile Bank IPO subscribed 2.86 times on last day of bidding process
The issue attracted bids for 2,49,39,236 shares or 2.86 times against the issue size of 87,12,000 shares. The quota reserved for retail individual investors (RIIs) was subscribed 6.48 times, qualified institutional buyers by 1.62 times and NII by 2.94 time
Announcement as on 07 September 2022
Tamilnad Mercantile Bank IPO subscribed 30% on Day 1 of bidding process
The issue has attracted bids for 27,48,396 shares or 0.32 times the issue size of 87,12,000 shares. The quota reserved for retail individual investors (RIIs) was subscribed 0.76 times, qualified institutional buyers by 0.30 times and NII by 0.08 times.
Announcement as on 05 September 2022
Analysts say 'subscribe' to Tamilnad Mercantile Bank IPO: Read to know why
Tamilnad Mercantile Bank's dedicated customer base, strong financial track record, healthy asset quality and reasonable valuation make analysts bullish on its IPO
Announcement as on 05 September 2022
Tamilnad Mercantile Bank IPO subscribed 0.8x on first day of issue
TMB is looking to issue 15.84 million fresh shares in the IPO. At the upper end of the price band, the bank will raise Rs 832 crore and will be valued at Rs 8,314 crore
Announcement as on 05 September 2022
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MBWM Mercantile Bank Corporation current price & indicator signals
Recent prices of MBWM Mercantile Bank Corporation are as follows: Daily volume is divided by 10 day averaged volume
| Date | Close | Range | Change % | Volume |
| 13 Tue Jan 2026 | 48.66 | 48.25 to 49.29 | -0.02% | 0.55 times |
| 12 Mon Jan 2026 | 48.67 | 48.14 to 49.05 | -0.55% | 0.72 times |
| 09 Fri Jan 2026 | 48.94 | 47.40 to 50.84 | -2.55% | 0.82 times |
| 08 Thu Jan 2026 | 50.22 | 48.68 to 50.29 | 3.02% | 0.78 times |
| 07 Wed Jan 2026 | 48.75 | 48.05 to 49.04 | -0.02% | 0.94 times |
| 06 Tue Jan 2026 | 48.76 | 47.80 to 48.81 | 0.54% | 1.08 times |
| 05 Mon Jan 2026 | 48.50 | 47.48 to 49.04 | 1.87% | 1.73 times |
| 02 Fri Jan 2026 | 47.61 | 47.06 to 48.27 | -1.02% | 1.32 times |
| 31 Wed Dec 2025 | 48.10 | 47.61 to 48.20 | 0.21% | 0.95 times |
| 30 Tue Dec 2025 | 48.00 | 47.57 to 48.60 | -0.83% | 0.78 times |
| 29 Mon Dec 2025 | 48.40 | 48.07 to 48.84 | -0.66% | 0.88 times |
| 26 Fri Dec 2025 | 48.72 | 48.48 to 49.16 | -0.63% | 0.55 times |
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