Tamilnad Mercantile Bank IPO: What GMP signals grand opening

market experts says that 8 Rupees is todays Tamilnad Mercantile Bank IPO GMD

allotment date for IPO is set on 12th september.

in three days IPO was 2.86 times over subscribed.

and at the same time retails portion was 6.48 times over subscribed.

and the grey market is going mad on Tamilnad Mercantile bank IPO

companys valuation is much higher then expected

this is the reason due to which price is dropping day by day.

experts say do not take grey market seriously and one should focus on companys fundamental only

company's rate may vary due to market condition but that does not defines company growth or downfall