TMB IPO Review in Tamil - TamilNad Mercantile Bank IPO Review - Peer Comparison, Risk Factors

TMB IPO Review in Tamil - TamilNad Mercantile Bank IPO Review - Peer Comparison, Risk Factors - Detailed Analysis
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Price Valuation Analysis:

Tamilnad Mercantile Bank IPO Price Band: ₹ 505 - 525.

IPO Lot Size is 28 shares.

So P/E Ratio Is 525/57.67 =9.10

Stock P/E is 9.10

Private Banking Sector Industry P/E is 11.85

So Valuation is Very Good 👍🏻 - Attractive Valuation

Comparing to the Private Banking competitors, TMB is well positioned.

So I'll apply for this IPO from all of my 4 accounts.

Please let me know your views on this!