TVS Supply Chain Solutions (TVS SCS) stands as an Indian conglomerate engaged in transportation, logistics, and warehousing services. Here you will know how to check TVS Supply Chain IPO allotment status online. Operating on a global scale, it offers supply chain management solutions to clients across diverse sectors such as automotive, consumer goods, defence, and utilities. Its operations span regions including India, the United Kingdom, Europe, and the United States. It operates under the umbrella of the TVS Group, a network of companies.
The TVS Supply Chain IPO share allotment process has been completed, with the announcement made on Monday, August 21. Those who applied for the IPO can check their allotment status online through the BSE website or the official website of the registrar, Link Intime Private Limited. The grey market sentiment for TVS Supply Chain IPO has declined, with shares available at a premium of Re 1. This suggests an anticipated par listing for the IPO. Market observers attribute this trend to recent sell-offs and weak sentiments on Dalal Street.
For checking the TVS Supply Chain IPO allotment status:
- Visit the BSE website at bseindia.com/investors/appli_check.aspx or the Link Intime website at linkintime.co.in/mipo/ipoallotment.html.
- For BSE:
- Select TVS Supply Chain IPO.
- Enter your TVS Supply Chain IPO application number.
- Provide your PAN details.
- Complete the ‘I’m not a robot’ verification.
- Click ‘Submit’ to view your allotment status.
By following these steps, you can check your TVS Supply Chain IPO allotment status online. The results will be displayed on your computer monitor or smartphone screen.
TVS Supply Chain Expected Share And Listing Date.
TVS Supply Chain is set to have its shares listed on the exchanges on August 23. In the unlisted market, it’s reported that the company commands a premium of Rs 22. When considering the upper price band of Rs 197, the stock is projected to debut with an 11% premium.
The company’s Rs 880-crore IPO witnessed a subscription rate of 2.78 times upon closing. The total bids reached 69.9 million shares, surpassing the offering size of 25.1 million shares. Among the investor segments, qualified institutional buyers (QIB) subscribed 1.35 times, non-institutional investors (NII) subscribed 2.35 times, and retail individual investors bid for 7.61 times the allocated shares. The IPO was issued in the price range of Rs 187-197 per share.
In the financial year ending March 2023, the company achieved revenues of Rs 10,235 crore and a profit of Rs 41.76 crore.