TVS Supply Chain Solutions IPO Will Open On 10 August Know Details About Price Band

TVS Supply Chain Solutions IPO:

There is another good news for those who invest in IPO. Soon you are going to get a chance to invest in another initial public offering. The IPO of TVS Chain Solutions (TVS Supply Chain) is going to come in the market next week. This issue is opening on 10 August 2023. At the same time, the period to invest in it is till 14 August 2023. If you are also thinking of investing in this IPO, then we are telling you about the details of its price band, GMP.

Know about the details of TVS Chain Solutions IPO-

TVS Supply Chain Solutions was earlier a part of the TVS Group. Now it has become a part of TVS Mobility Group. According to the DHRP submitted to SEBI, the company has set a target of raising Rs 600 crore through IPO. Earlier the company was trying to raise Rs 2,000 crore, but later the issue size was reduced to Rs 600 crore. A total of 1.42 crore shares are also being sold in this IPO through offer for sale. Through OFS, many promoters like Sargunaraj Ravichandran, Andrew Jones, Ramalingam Shankar, Ethirajan Balaji and TVS Motor Company etc. will sell their stake in the company.

When will the listing of shares happen?

The company will allot shares to the subscribers on August 22. Whereas on August 23, 2023, the shares will be transferred to the demat account of the people. On the other hand, on August 24, 2023, the company’s shares will be listed on the National Stock Exchange and Bombay Stock Exchange. The company’s IPO will open for anchor investors on August 9. On the other hand, if we talk about its price band, it has not been announced yet. The company can give information about it soon.

Where will the company use the money?

TVS Supply Chain Solutions is issuing fresh shares worth a total of Rs 600 crore through this IPO. In such a situation, the company aims to use the amount raised through this IPO to repay its debt. Let us inform that the company has a loan of TVS LI UK and TVS SCS Singapore.

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