The TVS Supply Chain Solutions Initial Public Offering (IPO) is creating a buzz in the market as the last date for subscriptions approaches. Scheduled to close on August 14, 2023, the IPO has garnered attention due to its attractive price range, grey market premium (GMP), and subscription rate. This article provides a comprehensive overview of the TVS Supply Chain IPO, covering key details such as the IPO’s closing date, price range, grey market premium, subscription rate, and an in-depth look into the company’s background, operations, and objectives. Whether you’re a potential investor or simply curious about the IPO market, this article offers valuable insights into one of the notable IPOs in the market.
TVS Supply Chain IPO
The TVS Supply Chain Solutions IPO is open for investment until August 14, 2023. With shares priced between ₹187 and ₹197 each, the IPO has generated a lot of interest, as indicated by the ₹25 grey market premium. The subscription rate is also rising, showing strong demand. It’s an opportunity for investors to be part of the company’s growth in the supply chain sector.
|TVS Supply Chain Solutions IPO||Details|
|Start IPO Date||August 10, 2023|
|Last IPO Date||August 14, 2023|
|Listing Date||August 23, 2023 (Expected)|
|Face Value||₹1 per share|
|Price Range||₹187 to ₹197 per share|
|Min. Lot Size||1 lot/76 Shares|
|Issue Type||Book Built Issue IPO|
|Listing Platforms||BSE, NSE|
TVS Supply Chain IPO Last Date
The last date to subscribe to the TVS Supply Chain Solutions IPO is August 14, 2023. If you’re considering investing in the TVS Supply Chain IPO, make sure to complete your application before this closing date. It’s a chance to potentially be a part of the company’s journey in the supply chain management industry.
TVS Supply Chain’s IPO Price Range
The TVS Supply Chain Solutions IPO presents a price range of ₹187 to ₹197 per share, allowing investors to purchase shares at different price points within this range. For instance, investing ₹187 per share would amount to ₹14,212 for 76 shares. This flexible pricing structure caters to various investment preferences and budgets, offering an opportunity to be part of the company’s journey in the supply chain industry.
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TVS Supply Chain Solutions IPO Lot sizes
The TVS Supply Chain Solutions IPO offers different lot sizes for various investor categories. The minimum lot size for this IPO consists of 76 shares, which requires an investment of ₹14,972. Here’s a breakdown of lot sizes and corresponding amounts for different investor categories:
These lot sizes provide flexibility for investors to participate in the TVS Supply Chain Solutions IPO according to their investment preferences and financial capacity.
TVS Supply Chain Solutions IPO Reservation
The TVS Supply Chain Solutions IPO offers different reservation percentages for various investor categories. Here’s the reservation breakdown for the IPO:
- QIB (Qualified Institutional Buyers): 15.00% of the total issue size
- NII (Non-Institutional Investors): 15.00% of the total issue size
- Retail Investors: 10.00% of the total issue size
- Anchor Investors: 45.00% of the total issue size
This reservation allocation ensures that different types of investors have the opportunity to participate in the TVS Supply Chain Solutions IPO based on their respective categories.
TVS Supply Chain IPO GMP
The TVS Supply Chain Solutions IPO has been creating a lot of interest in the market, as indicated by its Grey Market Premium (GMP) of ₹25. The Grey Market Premium reflects the extra amount investors are willing to pay for the shares in the unofficial market before they are listed on the stock exchange. This increase in GMP from its previous value suggests a growing excitement and demand for the IPO, showcasing the strong investor sentiment surrounding the TVS Supply Chain Solutions offering.
TVS Supply Chain IPO Subscription Rate
As of August 11, 2023, at 7:02 PM, the TVS Supply Chain Solutions IPO had garnered a subscription rate of 1.06 times. The breakdown of subscription rates in different categories is as follows: In the Qualified Institutional Buyer (QIB) category, it is subscribed at 0.15 times; in the Non-Institutional Investor (NII) category, it stands at 1.06 times; specifically, bids above ₹10 lakhs (bNII) are subscribed at 1.19 times, while bids below ₹10 lakhs (sNII) are at 0.78 times; finally, in the Retail category, the subscription rate is notably higher at 3.78 times. Overall, the IPO is witnessing a growing level of interest from different investor categories.
|bNII (above ₹10L)||1.19|
|sNII (below ₹10L)||0.78|
TVS Supply Chain Solutions Anchor Investors
The TVS Supply Chain Solutions IPO witnessed anchor investor participation as follows:
|Shares Offered to Anchor Investors||20,101,522 shares (45.00%)|
|Anchor Portion Size (In Crores)||₹396.00 crore|
|Lock-in Period (50% Shares)||From August 9, 2023, to October 3, 2023|
|Lock-in Period (Remaining Shares)||From August 9, 2023, to January 1, 2024|
Anchor investors are institutional investors who subscribe for shares before the IPO opens to the public. Their participation is a precursor to the IPO and can influence investor sentiment. The lock-in period ensures that anchor investors hold their allocated shares for a specific duration after the IPO listing.
TVS Supply Chain Solutions is a prominent player in the supply chain management sector, offering comprehensive services to international organizations, government departments, and businesses. With a broad range of offerings in integrated supply chain solutions and network solutions, the company is positioned as a leader in this industry. Its clientele includes renowned companies such as Hyundai, Sony, and Yamaha. As it prepares for its IPO, the company’s history, capabilities, and potential for growth make it an interesting proposition for investors seeking exposure to the dynamic world of supply chain management.