Today marks the last chance for investors to jump aboard the TVS Supply Chain Solutions Limited IPO train as the subscription period wraps up on August 14, 2023. The IPO, valued at ₹880 crore, has created quite a buzz, managing to reach full subscription in just two days, despite some market uncertainties.
As the subscription clock ticks, the TVS Supply Chain IPO has gathered around 1.85 times its subscription, as of 1:30 PM on the third day of bidding. The retail section has shown strong interest, subscribing nearly 6.04 times, while the Non-Institutional Investor (NII) category has reached about 1.73 times.
Grey Market Pulse: Staying Positive
In the intriguing world of the grey market, where investor sentiments often take the spotlight, the TVS Supply Chain IPO's Grey Market Premium (GMP) has held steady at ₹25. This stability in the GMP amidst a volatile market is a reassuring sign, hinting at confidence even when the market mood wavers.
Expert Insights: What Should You Do?
Let's get down to the nitty-gritty of expert opinions. Reliance Securities' research report gives a firm "subscribe" recommendation. The IPO's pricing, at 10.5 times its Net Asset Value (NAV) of 18.89 as of March 31, 2023, seems appealing. TVS Supply Chain Solutions Limited's strong lineage and tech-savvy approach earn it brownie points. Plus, the IPO's plan to use the funds to reduce debt and boost net margins sweetens the deal for potential long-term gains.
Axis Capital, another trusted voice in the investment realm, adds its voice to the "apply" chorus. The company's knack for supply chain logistics solutions, combined with its global reach and adaptability, makes it a tempting prospect. With over 16 years of experience handling intricate supply chains across different sectors, TVS SCS has raked in an impressive ₹10,311.01 crore in total income for Fiscal 2023.
As the TVS Supply Chain IPO subscription phase wraps up, you stand at a crossroads. The IPO's resilience in a changing market landscape, paired with sound advice from financial experts, make this decision an interesting one. The unfolding TVS Supply Chain IPO saga holds promise, inviting those ready to take a leap of faith.