Why TVS Supply Chain Solutions shares are rising for three sessions
R. Dinesh has been appointed as chairman of TVS Supply Chain Solutions; two new additional independent directors also joined the board of the company.
R. Dinesh has been appointed as chairman of TVS Supply Chain Solutions; two new additional independent directors also joined the board of the company.
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.