TVS Supply Chain Solutions, an integral part of the renowned TVS Mobility Group, has exciting news for investors! The company has officially announced the pricing range of Rs 187-197 per share for its highly anticipated Rs 880 crore Initial Public Offering (IPO).
Mark your calendars! The IPO will be open for public subscription from August 10 to 14, while the bidding for anchor investors will commence on August 9, as per the company's announcement.
The IPO includes a fresh issue of equity shares, amounting to an impressive Rs 600 crore, and an Offer for Sale (OFS) of 1.42 crore equity shares by existing shareholders.
Among the entities offering shares in the OFS are esteemed names like Omega TC Holdings Pte Ltd, Tata Capital Financial Services, TVS Motor Company Ltd, and Kotak Special Situations Fund.
Wondering how the proceeds will be utilized? Rs 525 crore from the fresh issue will be employed to pay off the company's and its subsidiary, TVS LI UK's debts. Additionally, the funds will be strategically used for inorganic growth initiatives and general corporate purposes.
At the higher end of the price band, the IPO is expected to achieve a remarkable Rs 880 crore valuation.
Interested investors, take note of the reservation allocation! The company has earmarked 75 per cent of the issue size for qualified institutional investors, 15 per cent for non-institutional investors, and the remaining 10 per cent for retail investors. Furthermore, bidders can participate with a minimum bid of 76 shares, with multiples thereof being allowed.
With a widespread presence in over 25 countries, TVS Supply Chain Solutions (TVS SCS) stands as a prominent global player. The company, backed by the esteemed TVS Group, is now an essential part of the dynamic TVS Mobility Group, which boasts four thriving business verticals: supply chain solutions, manufacturing, auto dealership, and aftermarket sales and service.
Get ready for an exciting investment opportunity! The book-running lead managers to the IPO are JM Financial, Axis Capital, J P Morgan India, BNP Paribas, Nuvama Wealth Management, and Equirus Capital. It's time to seize the moment and be a part of this transformative journey with TVS Supply Chain Solutions!
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