TVS Supply Chain IPO: Subscription Opens Tomorrow – Get Ready For The Buzz!

Get ready for a financial ride, as TVS Supply Chain's IPO subscription is just around the corner, starting on August 10th. This move comes as part of TVS Supply Chain Solutions' journey under the TVS Mobility Group, making headlines in the financial world.

Diving into the details, the company is structured into four business sectors: manufacturing, supply chain solutions, auto dealerships, and aftermarket sales and services. It's all happening in Chennai, where this logistics solutions provider is based. They've made quite a mark, gaining the Securities & Exchange Board of India's (SEBI) approval for their Initial Public Offering (IPO) launch in July, following the refiled draft red herring prospectus (DRHP) in April.

Here's your quick rundown of the 10 essential things to know about the upcoming TVS Supply Chain IPO:

IPO Dates: The subscription window opens on August 10th and closes on August 14th.

Price Band: The IPO's price range is set at ₹187 to ₹197 per equity share.

Lot Size: Interested investors can bid for a minimum of 76 Equity Shares, with increments of 76 Equity Shares thereafter.

Anchor Investors: On August 9th, the allocation to anchor investors will take place, setting the stage for the IPO.

IPO Structure: TVS Supply Chain IPO involves a fresh issue of equity shares, aiming to raise ₹600 crore, along with an Offer for Sale (OFS) component, involving 1.42 crore equity shares from existing shareholders.

OFS Details: The OFS includes shares sold by Omega TC Holdings PTE Ltd, Tata Capital Financial Services Ltd, Sargunaraj Ravichandran, Andrew Jones, Ramalingam Shankar, and Ethirajan Balaji.

IPO Objectives: The ₹600 crore from the fresh issue is planned for debt repayment and general corporate purposes.

Listing and Allotment: On August 18th, the basis of share allotment will be finalised, with refunds initiated on August 21st. Shares will be credited on August 22nd, while listing on BSE and NSE is expected on August 23rd.

Lead Managers and Registrar: The IPO is managed by JM Financial, Axis Capital, JP Morgan India, BNP Paribas, Nuvama Wealth Management, and Equirus Capital. Link Intime India Private Ltd is the IPO registrar.

IPO Reservation: Reserved percentages include 75% for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 10% for Retail Investors.

But what's the buzz in the grey market? TVS Supply Chain IPO's Grey Market Premium (GMP) is a promising +22, signaling strong interest. This hints that the share price could be trading at a ₹22 premium in the grey market, adding to the excitement. Considering this, and the upper IPO price, the listing price could be around ₹219, a remarkable 11.17% above the IPO price.

So, gear up for TVS Supply Chain IPO – it's shaping up to be a financial event you won't want to miss!