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News Details

07/08/2023 13:20

TVS Supply Chain Sol announces launch of initial public offering

TVS Supply Chain Solutions Ltd. has announced public offering of 44670051 shares at a price of Rs 1.00 each for Cash at a Premium of Rs 196.00 per share. The gross proceeds of the issue are expected to be Rs 88,000.00 lakhs.

The company's initial public offer (IPO) will open on 10 August 2023 and is expected to close on 14 August 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 187.00-197.00 per share.

The IPO includes a fresh Issue of 44670051 Equity Shares of the Company at an price of Rs 197.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 76 shares with bids in multiples of 76.

TVS Supply Chain Solutions Ltd. anticipates using the proceeds of the issue for .

Axis Capital Ltd.,JP Morgan India Private Limited.,Equirus Capital Private Limited,BNP Paribas,JM Financial Ltd.,Nuvama Wealth Management Ltd. as lead manager(s) & Link Intime India Private Limited is the registrar, to the issue.