TVS Supply Chain Solutions IPO GMP Today, subscription, lot size and share price can now be viewed from this page. TVS Supply Chain Solutions Limited is making its first public offering in NSE and BSE. TVS Supply Chain Solutions Initial Public Offering (IPO) Date Set; it will begin on August 10 and end on August 14. The GMP IPO of TVS Supply Chain Solutions, which refers to Gray Market Premium, has not started yet.
TVS Supply Chain Solutions IPO
With a new issue of Rs 750 crore and an offer to sell more than 2 million shares at $1 each, TVS Supply Chain Solutions plans to raise almost Rs 5 billion through its first public offering (IPO). 10% of the quota is for retail, 75% for QIB and 15% for HNI.
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TVS Supply Chain Solutions IPO GMP today
|
Name of the company |
TVS Supply Chain Solutions |
|
IPO listing site |
EEN and BSE |
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Opening date of the shares of the TVS IPO: |
August 10, 2023 |
|
IPO Stock Closing Date |
Monday, August 14, 2023 |
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TVS share price |
Not yet declared. |
|
offer for sale |
14,213,198 equity shares worth Rs 2 crore |
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New number |
750 crores |
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expected revenue collection |
5,000 crores |
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Basis of allocation |
August 18, 2023 (Friday) |
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Start of refunds |
August 21, 2023 (Monday) |
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Transfer of shares to Demat accounts |
August 22, 2023 (Tuesday) |
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Listing date |
August 23, 2023 (Wednesday) |
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Link to TVS website |
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Objective of the IPO of TVS Supply Chain Solutions
The company will use a large portion of the net proceeds from the IPO. The company will use Rs. Rs 1,166 crore to settle or prepay your outstanding debts to keep your debt-to-equity ratio within a healthy range and enable you to use internal accumulations for further investment in business growth and expansion.
To capitalize on the growth prospects in these areas and to capitalize on its strategically important subsidiaries in Thailand, the US and Germany, Rs. Rs 75.2 crore will be used in FY23. For the corporation to own 100% of Rico UK, Rs. Rs 60 crore will be invested in the UK division. The remainder will be used for inorganic growth and other corporate objectives.
About TVS Supply Chain Solutions
Based on FY2022 revenue, TVS Supply Chain Solutions would be one of the largest and fastest growing end-to-end supply chain solutions providers in India, according to RedseerReport. The company offers supply chain management services to large corporations, government organizations, and international companies. It is the only Indian supply chain logistics solutions provider uniquely positioned, with a network spanning the entire value chain and cross-deployment capabilities.
The company’s goal is to deliver simple solutions to customers’ supply chains by using data analytics, technology, and execution expertise to deliver meaningful solutions and supply chain agility to handle changing needs. During fiscal year 2022 and the nine months ending December 31, 2022, the company delivered supply chain solutions to 10,531 and 8,115 customers worldwide, respectively, while during the same periods in India, they served 1,044 and 733 clients.
Subscription to the initial public offering of TVS Supply Chain Solutions
ASBA, which can be accessed through your bank account, can be used to apply for the initial public offering of TVS Supply Chain Solutions. Apply online using your bank account by going to the online bank login page and choosing TVS Supply Chain Solutions IPO under the Invest heading. The alternative is to complete the IPO documentation downloaded by NSE and BSE to apply for the TVS Supply Chain Solutions IPO.
Currently, the TVS Supply Chain Solutions IPO does not have live subscription information accessible. Please note that on days when public issuance is open, the bidding starts at 10 am and ends at 5 pm, and there is still time for the IPO to open.
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Lot Size and Share Price of TVS Supply Chain Solutions IPO
TVS Supply Chain Solutions has offered for sale 14,213,198 shares and the nominal value of each share is Rs 1 per share. The total IPO size and lot size have yet to be released. The Company will soon include the lot size in NSE and BSE.
The corporation has not yet disclosed the opening price of the shares. The listing on the site will start from August 10, 2023. Therefore, we expect the IPO share price to be announced a few days before August 10.
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Frequent questions
What day did TVS Supply Chain Solutions go public?
On August 23, 2023, TVS Supply Chain Solutions will publish its first public offering.
How can clients apply for TVS Supply Chain Solutions IPO?
Applying for TVS Supply Chain Solutions IPO through ASBA from your bank account or UPI payment channel are both options. You can consult the process explained above to request the initial public supply offer of TVS.
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Categories: Finance
Source: vtt.edu.vn