TVS Supply Chain IPO opens tomorrow: GMP, issue details, 10 key things to know
capital market regulator’s approval for the launch of IPO in July. Also Read: TVS Supply Chain Solutions IPO to open on August 10; check details here Here are the 10 key things to know about TVS Supply Chain IPO; TVS Supply Chain IPO date: TVS Supply Chain IPO opens for subscription on Thursday, August 10, and closes on Monday, August 14.
TVS Supply Chain IPO price band: The company has fixed the price band at ₹187 to ₹197 per equity share for the proposed initial public offer. TVS Supply Chain IPO lot size: Bids can be made for a minimum of 76 Equity Shares and in multiples of 76 Equity Shares thereafter Anchor Investors: The allocation to anchor investors for TVS Supply Chain IPO is scheduled to take place on Wednesday, August 9.
TVS Supply Chain IPO details: TVS Supply Chain IPO comprises a fresh issue of equity shares aggregating up to ₹600 crore and an Offer for Sale (OFS) component of 1.42 crore equity shares by existing shareholders. In the OFS, Omega TC Holdings PTE Ltd will sell up to 1.07 crore shares, Tata Capital Financial Services Ltd will sell up to 9.84 lakh shares, Sargunaraj Ravichandran up to 5.80 lakh shares, Andrew Jones up to 4 lakh shares, Ramalingam Shankar up to 3.15 lakh shares and Ethirajan Balaji will sell up to 2.5 lakh shares.
TVS Supply Chain IPO objectives: The company plans to utilise the fresh issue worth ₹600 crore to repay its debt and its subsidiaries’ TVS LI UK and TVS SCS Singapore and for general corporate purposes. Also Read: TVS Supply Chain Solutions IPO: Price band fixed at ₹187-197 per share: Check details here TVS Supply Chain IPO listing date and allotment details: TVS Supply Chain IPO's basis of allotment of shares will be finalised on Friday, August 18 and the company will
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