TVS Supply Chain IPO: Issue subscribed 55% on day 1 ; retail portion sees good demand

livemint.com:

IPO subscription status: TVS Supply Chain IPO was subscribed 55% on day 1. TVS Supply Chain IPO opened today (Thursday, August 10) and will close on Monday, August 14. TVS Supply Chain IPO received positive response from retail investors.

While qualified institutional buyers showed limited interest, non-institutional investors (NIIS) responded fairly well to the issue. TVS Supply Chain IPO's retail investors portion was subscribed 1.71 times, NII portion was subscribed 69%, QIBs portion was subscribed 8%, and employee portion did not receive any subscription. The TVS Supply Chain Solutions IPO has received bids for 1,37,49,844 shares against 2,51,22,289 shares on offer, according to data from the BSE.

TVS Supply Chain Solutions IPO's retail investors' portion received bids for 79,38,960 shares against 46,29,875 shares on offer for this segment. TVS Supply Chain IPO's non-institutional investors' portion received bids for 47,93,168 shares against 69,44,813 on offer for this segment. TVS Supply Chain Solutions IPO's QIBs portion received bids for 10,17,716 shares against 1,35,47,601 on offer for this segment.

TVS Supply Chain IPO price band has fixed the price band at ₹187 to ₹197 per equity share for the proposed initial public offer. Bids can be made for a minimum of 76 equity shares and in multiples of 76 equity shares thereafter. TVS Supply Chain IPO has reserved not less than 75% of the shares in the public issue for Qualified Institutional Buyers (QIB), not more than 15% for Non Institutional Investors (NII), and not more than 10% of the offer is reserved for Retail Investors.