TVS Supply Chain IPO opens today. GMP, review, other details. Apply or not?

livemint.com:

TVS Supply Chain IPO: The initial public offering (IPO) of TVS Supply Chain Solutions Ltd is going to hit primary market today and it will remain open for bidding till 14th August 2023. TVS Supply Chain IPO price band has been fixed at ₹187 to ₹197 per equity share and the book build issue aims to raise ₹880 crore from its this public offer. According to market observers, shares of TVS Supply Chain Solutions are available at a premium of ₹30 in grey market today.

Here we list out important TVS Supply Chain IPO details in 10 points: 1] TVS Supply Chain IPO GMP: According to market observers, TVS Supply Chain IPO grey market premium (GMP) today is ₹30. 2] TVS Supply Chain IPO price: The company has fixed price band of the book build issue at ₹187 to ₹197 per equity share. 3] TVS Supply Chain IPO date: Subscription for the public issue has opened today and it will remain open for bidding till 14th August 2023.

4] TVS Supply Chain IPO size: The company aims to raise ₹880 crore from its public offer out of which ₹280 crore has been reserved for offer for sale (OFS) route. 5] TVS Supply Chain IPO lot size: A bidder will be able to apply in lots and one lot would comprise 76 company shares. 6] TVS Supply Chain IPO allotment date: The tentative date for share allocation has been fixed on 18th August 2023.

7] TVS Supply Chain IPO registrar: Link Intime India Private Ltd has been appointed as official registrar of the IPO. 8] TVS Supply Chain IPO listing: The book build issue is proposed for listing on BSE and NSE and likely date for share listing is 23rd August 2023. 9] TVS Supply Chain IPO net proceeds and financials: The company intends to utilize the fund raised from this IPO for payment and repayment of debts and general