NEW DELHI: The Rs 832-crore initial public offer (IPO) by Tamilnad Mercantile Bank (TMB) kicks off for subscription on Monday. On the table is a fresh issue of 1,58,40,000 shares being sold in Rs 500-Rs 525 price band.

416.00 Open 411.25 Close 416.45 High 411.95 Low 548.50 52 Week High 416.45 ⇧ 4.05 (0.98%) TMB (Miscellaneous) 11.7% Momentum Turnaround Potential 399.00 52 Week Low 65.0 EPS 21.54 PE 1.08 PB Deluxe Quality Steel Valuation #Analysis NSE: TMB Share Price Financial Analysis & Valuation