TVS Supply Chain Solutions Limited (“the Company”) is set to embark on its maiden journey into the capital markets with an initial public offering (IPO) of Equity Shares. The IPO is scheduled to open on Thursday, August 10, 2023, with the Anchor Investor Bidding Date taking place a day earlier, on Wednesday, August 09, 2023. The Bid/Offer Closing Date has been fixed for Monday, August 14, 2023.
The Price Band for the offering has been established at ₹187 per Equity Share to ₹197 per Equity Share. Investors can place bids for a minimum of 76 Equity Shares and in multiples of 76 Equity Shares thereafter.
The IPO comprises a fresh issue of Equity Shares, amounting to ₹6,000 million (“Fresh Issue”), and an offer for sale of up to 14,213,198 Equity Shares by various selling shareholders, including Omega TC Holdings PTE. Ltd., Tata Capital Financial Services Limited, Kotak Special Situations Fund, and TVS Motor Company Limited.
The offer is being made in line with Rule 19(2)(b) of the Securities Contracts (Regulation) Rules (SCRR) read with Regulation 31 of the SEBI ICDR Regulations. The Book Building Process, in accordance with Regulation 6(2) of the SEBI ICDR Regulations, will be utilized for the offering. The allocation process will prioritize Qualified Institutional Buyers (QIBs) with the Anchor Investor Portion reserved for domestic Mutual Funds.
JM Financial Limited, Axis Capital Limited, J. P. Morgan India Private Limited, BNP Paribas, Nuvama Wealth Management Limited, and Equirus Capital Private Limited are acting as the Book Running Lead Managers to the IPO.
The Equity Shares offered through the IPO are proposed to be listed on both BSE Limited and National Stock Exchange of India Limited.
Investors and market enthusiasts are eagerly awaiting the opening of TVS Supply Chain Solutions Limited’s IPO, poised to offer a unique opportunity to be part of the company’s growth journey.
