TVS Supply Chain Solutions Rs 880-Crore IPO Sees Strong 55% Subscription on First Day.

TVS Supply Chain Solutions’ IPO Plan | The logistics solutions provider based in Chennai aims to raise Rs 600 crore through a fresh issue, while an additional Rs 280 crore will be generated through an offer for sale (OFS). A collective of 22 shareholders is set to release their shares as part of the OFS.

TVS Supply Chain Solutions’ IPO Attracts Strong Investor Response The public offering of TVS Supply Chain Solutions, a division of TVS Mobility Group, has garnered significant interest from investors. As of August 11, the second day of bidding, participants have acquired 2.58 crore equity shares, surpassing the offer size of 2.51 crore shares, resulting in an impressive subscription rate of 103 percent.

Retail investors have shown remarkable enthusiasm, oversubscribing their portion by 3.62 times, exceeding the allocated 10 percent of the offer size. High net-worth individuals have bid for 102 percent of their designated shares, accounting for 15 percent of the overall IPO size. The IPO’s reserved 75 percent portion for qualified institutional buyers has seen a 15 percent subscription so far.

TVS Supply Chain Solutions’ Rs 880-Crore IPO Achieves 55% Subscription on Opening Day The public offering, with an overall value of Rs 880 crore, has experienced a subscription rate of 55% on its initial day of bidding. The offering, which features a price range of Rs 187 to Rs 197 per share, is scheduled to conclude on August 14.

With its headquarters situated in Chennai, the logistic solutions provider, TVS Supply Chain Solutions, aims to secure Rs 600 crore through a fresh issue, while the remaining Rs 280 crore will be generated via an offer-for-sale (OFS). A consortium of 22 shareholders is participating in the OFS by offering their respective shares.