Tamilnad Mercantile Bank IPO: Share allotment status of Tamilnad Mercantile Bank's initial public offering (IPO) would be announced on Monday. The initial share sale of the Tuticorin-headquartered private lender got subscribed 2.86 times on the last day of subscription (September 7). The Rs 831.6-crore IPO received bids for 2,49,39,292 shares against 87,12,000 shares on offer.