TVS Supply Chain IPO Open Till August 14: ₹600 Crore Fresh Shares and OFS Component

TVS Supply Chain’s IPO subscription is live from August 10 to 14, offering fresh shares worth ₹600 crore and an OFS of 1.42 crore equity shares.

The TVS Supply Chain IPO has kicked off its subscription phase, commencing on Thursday and extending until August 14. This eagerly awaited initial public offering offers investors an opportunity to secure a stake in the company’s future. The IPO encompasses a fresh issuance of shares, raising a significant ₹600 crore, alongside an offer for sale (OFS) of 1.42 crore equity shares.

The pricing band for each share has been fixed at a range of ₹187 to ₹197. Impressively, the company has already allocated 2.01 crore equity shares at a rate of ₹197 per share, indicating investor interest even prior to the public offering.

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Among the anchor investors who have displayed confidence in the company are notable entities like Copthall Mauritius Investment Ltd, SBI Life Insurance Company, Tata Mutual Fund, Sundaram Mutual Fund, and Franklin India Mutual Fund. Their participation as anchor investors not only signifies their belief in the company’s potential but also sets a positive tone for the public subscription phase.

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In the grey market, TVS Supply Chain’s IPO is currently displaying a Grey Market Premium (GMP) of ₹15, which suggests an estimated listing price of ₹212. This premium is essentially a measure of the unofficial price at which IPO shares are traded before they are officially listed on the stock market. It serves as an indicator of the potential listing gain for investors.

TVS Supply Chain Solutions, a part of the esteemed TVS Mobility Group, has a global presence, operating in 25 countries. The company is involved in diverse sectors including supply chain solutions, manufacturing, auto dealership, and aftermarket sales and service. Impressively, its major business contributions are derived from the United Kingdom, India, Europe, and the United States, highlighting its international reach and impact.

JM Financial, Axis Capital, J P Morgan India, BNP Paribas, Nuvama Wealth Management, and Equirus Capital are the book-running lead managers for this IPO. As the market eagerly anticipates this offering, the response from investors and the market’s sentiment towards this IPO will play a pivotal role in determining its success.

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