Friday, 20 March 2020

TMB BANK LTD TO SEEK SHAREHOLDERS’ APPROVAL FOR IPO – AGM ON 9th April, 2020.





As per the court’s order TMB Bank Ltd is set to hold its 2nd sequel meeting on 9th April, 2020 (including 94th to 97th AGMs).

Tamilnad Mercantile Bank Ltd (currently known as “TMB”) is a South based Nadar community bank having its existence since past 90 years.

TMB has till date 20,600 shareholders, majorly from Nadar Community. The bank was set up for Nadars and so shareholders believes it should be owned by them only. Thus they rejected the IPO proposal of the management in last AGM held in 2016.

TMB management is going to make a second appeal / proposal seeking shareholders’ approval to give a go ahead for IPO in its AGM to be held on 9th April, 2020. The management is taking all possible measures to educate the shareholders the benefits they and the company shall fetch after going public.

IPO shall benefit TMB by raising additional funds needed for faster growth of the bank and shall help to raise the value of shares thereby giving shareholders an easy exit route which is currently not available.


Financial Highlight: (Fig. in Crs.)
Particulars
FY 2019
FY 2018
Total Business
61,624
56,197
PAT
258
221
EPS
18.14
15.57
Equity
142.51
142.51
Face Value
10
10
Book Value
253.89
238.91
Advances
26,487
23,768
Deposits
35,136
32,428
GNPA (%)
4.32%
3.60%
NPA (%)
2.40%
2.16%
CAR (%)
16.17%
14.83%
NIM (%)
3.65%
3.61%
ROE (%)
7.36%
6.70%



For buying and selling any unlisted / unquoted/delisted or suspended shares in physical or demat you can reach us at Contact no. 91+09215709100 or email us on mittalmanish2003@gmail.com


3 comments:


  1. We are the oldest and the foremost market makers of Unlisted/Pre-IPO/Rare ESOP/Start-up Shares. We deal in over 70 handpicked quality scripts available in the Primary Market. Ex - Paytm, Hero Fincorp, HDFC Securities, etc

    Detailed List available on our Website - www.abhisheksecurities.com/unlisted.htm
    E: nikunj@abhisheksecurities.com
    C: 9830271248

    ReplyDelete
  2. I agree with a lot of the points you made in this article. If you are looking for the What Is Npa, then visit Startupz Culture. I love your content, they are very nice and very useful to us and this text is worth everyone’s attention.

    ReplyDelete
  3. I havent any word to appreciate this post.....Really i am impressed from this post....the person who create this post it was a great human..thanks for shared this with us. سهام 50 متری

    ReplyDelete

Blogroll