TVS Supply Chain Solutions shares list at premium of 5% over IPO price
Post listing, TVS Supply Chain Solutions shares gained as much as 5.9% to hit a high of ₹208.6 on the NSE, while it touched a high of ₹208.5 on the BSE.
Post listing, TVS Supply Chain Solutions shares gained as much as 5.9% to hit a high of ₹208.6 on the NSE, while it touched a high of ₹208.5 on the BSE.
The quota reserved for QIBs was booked 1.35 times, while the NIIs and retail categories were subscribed 2.35 and 7.6 times, respectively.
The TVS Group company aims to raise ₹880 crore via IPO, which comprises fresh equity shares of up to ₹600 crore and an offer for sale of 14,213,198 shares.
This is going to be the first TVS Group company to launch an IPO in 25 years, consisting of a fresh issue of ₹2,000 crore and OFS of up to 5.95 crore equity shares.