TVS SUPPLY CHAIN IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details

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TVS SUPPLY CHAIN Limited IPO GMP

The TVS Supply Chain Solutions IPO is a book-built issue valued at Rs 880.00 crores. It comprises a fresh issue of 3.05 crore shares totaling Rs 600.00 crores and an offer for sale of 1.42 crore shares totaling Rs 280.00 crores.

TVS Supply Chain Solutions IPO bidding commenced on August 10, 2023, closing on August 14, 2023. Allotment results were announced on Friday, August 18, 2023. The shares debuted on both BSE and NSE on August 23, 2023

The IPO of TVS Supply Chain Solutions has a price band of ₹187 to ₹197 per share. Retail investors need to invest a minimum of ₹14,972 for the minimum lot size of 76 shares. For sNII, the minimum investment is ₹209,608 (14 lots, 1,064 shares), and for bNII, it's ₹1,003,124 (67 lots, 5,092 shares).

Jm Financial Limited, Axis Capital Limited, J.P. Morgan India Private Limited, Bnp Paribas, Equirus Capital Private Limited, and Nuvama Wealth Management Limited serve as the book running lead managers for the TVS Supply Chain Solutions IPO. Link Intime India Private Ltd has been appointed as the registrar for the issue.

OBJECTIVE OF IPO

Net proceeds from the fresh issue will be utilized for:

Prepayment or Repayment of all or a portion of certain outstanding borrowings availed by the company and subsidiaries, TVS LI UK and TVS SCS Singapore.
General corporate purposes.
Offer for Sale.