TVS Supply Chain Solutions shares debut with 5% premium at ₹207.05

EMS IPO allotment today: latest GMP, allotment status guide

TVS Supply Chain Solutions, a prominent entity within the esteemed TVS Mobility Group, marked its debut on the stock exchanges on Wednesday. Investors witnessed a notable inauguration as TVS Supply Chain’s shares commenced trading at ₹207.05 each on the NSE, showcasing an impressive premium of 5.1% over the initial issue price of ₹197 per share.

Meanwhile, on the BSE platform, the shares of TVS Supply Chain Solutions were listed at a commendable premium of 4.72%, valuing them at ₹206.30 per share.

The market entry of TVS Supply Chain comes on the heels of a successful subscription period for its Initial Public Offering (IPO), which spanned from August 10 to August 14. During this time, investor interest was palpable, as the public offering garnered a total subscription of 2.85 times.

The distribution of subscription was equally fascinating, with the retail category displaying significant enthusiasm, resulting in an impressive oversubscription of 7.89 times. The Qualified Institutional Buyers (QIB) category also demonstrated strong support, achieving a subscription rate of 1.37 times. The Non-Institutional Investors’ (NII) portion secured a healthy 2.44 times subscription rate.

The composition of TVS Supply Chain’s IPO was a blend of a fresh issuance of shares valued at ₹600 crore, alongside an offer for the sale of shares amounting to ₹280 crore.

For potential investors, the IPO held a price band ranging from ₹187 to ₹197 per share. At the higher end of this band, the company successfully raised an impressive ₹880 crore in capital.

It’s important to note that prior to the IPO’s commencement, TVS Supply Chain Solutions had effectively generated ₹396 crore from a group of 18 esteemed anchor investors.

With a strategic allocation strategy, the company had thoughtfully earmarked a minimum of 75% of shares from the public issue for Qualified Institutional Buyers (QIB). Additionally, the allocation plan encompassed not more than 15% for Non-Institutional Investors (NII), while Retail Investors were offered a reserved portion of not more than 10% of the overall offering.

About TVS Supply Chain Solutions:

An international firm that specialises in storage, shipping, and logistics is called TVS Supply Chain Solutions. In India, the UK, Europe, and the US, it offers supply chain management services to clients in the automotive, consumer products, defence, and utilities industries. It is a company of the TVS Group.

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