The TVS supply chain IPO received a positive response from retail investors on Tuesday. Qualified institutional buyers and non-institutional investors (NIIS) responded positively to the matter on Tuesday. the third day.
The retail investor part of TVS Supply Chain IPO is registered 7.61 times, the NII part is registered 2.35 times and the QIB part is registered 1.35 times.
Details of TVS Supply Chain Solutions’ IPO registration status
According to data from BSE, the IPO of TVS Supply Chain Solutions received bids for 69915440 shares compared to 25122289 shares offered for sale.
The retail investors section of the TVS Supply Chain Solutions IPO received 352,31,244 shares bid compared to 46,29,875 shares offered for this segment.
The TVS Supply Chain IPO’s non-institutional investors section received bids for 163550564 shares versus 69444813 offered for this segment.
The QIB portion of the TVS Supply Chain Solutions IPO received bids for 1,83,33,632 shares versus the 1,35,47,601 offered for this segment.
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TVS . supply chain IPO details
TVS Supply Chain’s IPO price range has fixed its price range at $187 to $197 per equity share for the proposed initial public offering. Bids can be made for a minimum of 76 equity shares and in multiples of 76 equity shares thereafter.
TVS Supply Chain IPO has dedicated not less than 75% of the shares in the public offering to Qualified Institutional Buyers (QIBs), no more than 15% to Non-Institutional Investors (NII), and no more than 10% discount is reserved for retail investors.
On Wednesday, the company raised $396 crore from 18 anchor marquee investors. The list of anchor investors includes Authum Investment and Infrastructure Limited (Sanjay Dangi), Societe Generale – ODI and Societe Generale, BNP Paribas Arbitrage, Aurigin Master Fund, Franklin India Flexicap Fund, Franklin India Taxshield, Franklin India Smaller Companies Fund, SBI Life Insurance Co. . Ltd, Tata Business Cycle Fund, Tata Multi-Asset Opportunity Fund, etc.
Also Read: TVS Supply Chain IPO: The Company Raises $396 crore from anchor investors before registration
TVS Supply Chain IPO includes a new issue of equity shares totaling up to $600 crore and the Offering (OFS) component of 1.42 crore of equity shares of existing shareholders.
In OFS, Omega TC Holdings PTE Ltd will sell up to 1.07 million shares, Tata Capital Financial Services Ltd will sell up to 9,84 lakh shares, Sargunaraj Ravichandran up to 5,800,000 shares, Andrew Jones up to 40,000 shares shares, Ramalingam Shankar up to 3,15 thousand shares and Ethirajan Balaji will sell up to 2.5 thousand shares.
The company plans to use the new issue value $600 crore for debt repayment and TVS LI UK and TVS SCS Singapore of subsidiaries and for general corporate purposes.
The key managers running the books for the TVS Supply Chain IPO are JM Financial, Axis Capital, JP Morgan India, BNP Paribas, Nuvama Wealth Management and Equirus Capital. Link Intime India Private Ltd is an IPO registered company.
Also read: Fixed price range Aeroflex Industries IPO. GMP, other details you should know
TVS Supply Chain IPO today
TVS Supply Chain Solutions IPO GMP today or gray market premium is +2.25, lower than previous trading sessions. This shows that shares of TVS Supply Chain stock price are trading at a premium $2.25 on the gray market on Monday, according to topsharebrokers.com.
Considering the upper end of the IPO price range and the current premium on the gray market, the estimated list price of TVS Supply Chain stock is $199.25 each, 1.14% higher than the IPO price.
On Sunday, IPO Supply Chain Solutions TVS IPO was $13. According to topsharebrokers.com analysts, the trend is bullish and expect a strong listing. The lowest GMP recorded at $0 while the highest GMP is $22.
A ‘gray market fee’ indicates an investor’s willingness to pay more than the issue price.
Also Read: TVS Supply Chain IPO: Bidding ends today. GMP, registration status, applicable or not?
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Updated: August 14, 2023, 05:12 pm IST
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