TVS Supply Chain lists at 4.7% gain over IPO price
The ₹880-crore initial public offering of TVS Supply Chain Solutions was subscribed 2.78 times earlier this month. The issue received bids for 69.9 million shares against an offer size of 25.1 million shares.
By ET Bureau | Updated:
Agencies
Mumbai: Shares of TVS Supply Chain Solutions were listed at ₹206.30 on Wednesday, a premium of 4.7% to its offer price of ₹197. The stock ended at ₹ 200.95, 2% higher than the offer price.
The ₹880-crore initial public offering of TVS Supply Chain Solutions was subscribed 2.78 times earlier this month. The issue received bids for 69.9 million shares against an offer size of 25.1 million shares.
The IPO comprised a fresh share issue of ₹600 crore and an offer for sale of 14 million shares by existing investors. The issue was sold in a price band of ₹187-197 per share.
The company provides end-to-end supply chain solutions to businesses and has a presence in over 25 countries, with 72 Fortune 500 companies in its client portfolio.
The ₹880-crore initial public offering of TVS Supply Chain Solutions was subscribed 2.78 times earlier this month. The issue received bids for 69.9 million shares against an offer size of 25.1 million shares.
The IPO comprised a fresh share issue of ₹600 crore and an offer for sale of 14 million shares by existing investors. The issue was sold in a price band of ₹187-197 per share.
The company provides end-to-end supply chain solutions to businesses and has a presence in over 25 countries, with 72 Fortune 500 companies in its client portfolio.
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