TVS Supply Chain IPO: What GMP signals as process for share listing begins

livemint.com:

IPO listing: TVS Supply Chain IPO share listing process has begun. The ₹880 crore-worth public issue, which was open from August 10 to August 14, was subscribed 2.85 times in total. TVS Supply Chain IPO share allotment was finalised on August 21, Monday.

After the allotment, the investors who received the shares will watch out for the TVS Supply Chain IPO GMP today, or grey market premium today, for estimated listing price. Meanwhile, TVS Supply Chain IPO listing is likely to take place on August 23, Wednesday. However, there is no intimation on the stock exchanges on the listing date.

A notice on BSE said that the shares of TVS Supply Chain Solutions shall be listed in due course. “Trading members of the Exchange are hereby informed that the equity shares of TVS Supply Chain Solutions Limited shall be listed and admitted to dealings on the Exchange in due course," a BSE notice on August 22 said. However, according to the company, the shares will be listed on August 23.

Let us take a look at what GMP signals as the listing process has begun. Also Read: Pyramid Tecnoplast IPO: What GMP, subscription status signal on last date of bidding TVS Supply Chain IPO grey market premium (GMP) today is ₹4 per share, as per topsharebrokers.com. This means TVS Supply Chain Solutions shares are trading at a premium of ₹4 in the grey market.