TVS Supply Chain Solutions, Srivari Spices IPOs to open next week. Check details

economictimes.indiatimes.com:

TVS Supply Chain Solutions will open on Thursday, July 10. In the SME space, Srivari Spices and Foods will launch its public issue on Monday, August 7. Investors will also have the opportunity to subscribe to the ongoing issues viz.

Concord Biotech, SBFC Finance, Yudiz Solutions and Sangani Hospitals when trading resumes on Monday.Here's all you need to know about the upcoming and ongoing IPOs:Mainboard IPO: TVS Supply Chain SolutionsThe issue will open for public subscription on August 10 and close on August 14. The allocation to anchor investors will be done on August 9. The offer comprises a fresh equity issue of up to Rs 600 crore and an offer for sale (OFS) of 1.42 crore units by selling shareholders.

The company, in consultation with the book-running lead managers, has undertaken a pre-IPO placement and accordingly, the fresh issue size has been reduced from Rs 750 crore. Under the OFS, Omega TC Holdings will offload 1.07 crore shares, Tata Capital Financial will sell 9.84 lakh. Other selling shareholders include Sargunaraj Ravichandran, Andrew Jones, Ramalingam Shankar, Ethirajan Balaji, and TVS Motor Co, among others.

TVS Supply Chain Solutions (TVS SCS), an integrated supply chain solutions provider, has a presence in over 25 countries. It is promoted by the erstwhile TVS Group and is now a part of the TVS Mobility Group, which has four business verticals — supply chain solutions, manufacturing, auto dealership and aftermarket sales and service.SME IPO: Srivari Spices and FoodsThe issue will open on Monday, August 7 and close on Wednesday, August 9. The price band of the issue has fixed at Rs 40-42 per share.