TVS Supply Chain IPO subscribed 2
时间:2024-06-17 00:14:58 阅读(143)
The Initial Public Offer (IPO) of TVS Supply Chain Solutions, part of TVS Mobility Group, was subscribed 2.78 times on the last day of subscription on Monday.
The Rs 880 crore IPO received bids for 6,98,68,624 shares against 2,51,22,289 shares on offer, according to NSE data.
The IPO had a fresh issue aggregating up to Rs 600 crore and an offer for sale of up to 1,42,13,198 equity shares.
The IPO had a price range of Rs 187-197 per share.
TVS Supply Chain Solutions on Wednesday said it has mobilised Rs 396 crore from anchor investors.
Proceeds from the fresh issue to the tune of Rs 525 crore will be utilised for payment of debt availed by the company and its subsidiary TVS LI UK. Besides, funds will be used for inorganic growth strategy and general corporate purposes.
TVS Supply Chain Solutions is present in over 25 countries. The company is promoted by erstwhile TVS Group and is now part of TVS Mobility Group, which has four business verticals — supply chain solutions, manufacturing, auto dealership, and aftermarket sales and service.
JM Financial, Axis Capital, J P Morgan India, BNP Paribas, Nuvama Wealth Management and Equirus Capital were the managers to the offer.
猜你喜欢
- China, Hong Kong stocks surge as Shanghai declares victory over COVID
- CMIE data points to rising unemployment among the youth
- Charts show Nifty to retest 18600 by Dec-end, Bank Nifty to trade in 38200-40000 range; Reliance, SBI top bets
- Buy Cummins, MCX stocks for gains; Markets eye RBI MPC, state election outcome for directional cues this week
- Nifty to reclaim 20000 or continue to fall in trade- See GIFT Nifty, FII data, crude, F&O ban, more before market opens
- China economy hopes give world stocks a boost, Fed nerves remain
- China Covid surge, BoJ surprise drag indices back into red zone
- Nifty, Sensex end mild in green, Bank Nifty tops 44100, hits new record; traders eye US Fed for cues
- Crude oil prices slip as concerns over rate hikes rattle investors