Key Points
The qualified institutional buyers (QIB) portion was subscribed 1.35 times, while the non-institutional investor (NII) segment was subscribed 2.35 times..
The retail individual investor category saw bids for 7.61 times the shares set aside for them..
The issue was sold in the price band of Rs 187-197 per shareETMarkets.com..
"Although TVS Supply Chain Solutions is a leading supply chain management company, it operates in a highly competitive industry and has reported losses in the past two years..
The Rs 880-crore IPO of TVS Supply Chain was subscribed 2.78 times at close..
You might be interested in
TVS Supply Chain Solutions shares list at 5% premium over IPO price
23, Aug, 23Although TVS Supply Chain Solutions is a leading supply chain management company, it operates in a highly competitive industry and has reported losses in the past two years. Additionally, the valuation of the IPO was also very high, said Anubhuti Mishra, Equity Research Analyst at Swastika Investmart.
TVS Supply Chain Solutions makes a muted debut; shares list with 5% premium at ₹207.05 apiece on NSE
23, Aug, 23On BSE, TVS Supply Chain Solutions shares were listed at 4.72% premium to the issue price at ₹206.30 apiece.
TVS Supply Chain Solutions IPO opens. Should you subscribe?
10, Aug, 23The issue is priced at 10.5 times based on its NAV of 18.89 as of March 2023 and with good legacy parentage, tech-enabled and process-driven solution company and retirement of debt from IPO proceeds to improve net margins, we recommend a Subscribe to the issue for long term rewards, said Reliance Securities
DOMS Industries shares soar nearly 80% over IPO price. Should investors book profits?
20, Dec, 23DOMS stock was listed at Rs 1400 as against an offer price of Rs 790. Most estimates were predicting listing gains to be in the range of 60-65%. It extended gains to Rs 1434. The strong listing can be attributed to the company's solid performance over the past three years, marked by significant growth in revenue and profitability.
Protean eGov Technologies shares list at IPO issue price of Rs 792 per share
13, Nov, 23Analysts said the upside from current levels looks limited based on valuation as the issue was fully priced in discounting all near-term triggers. Given that the company is a pioneer and market leader in its universe of e-Governance, there can be some kind of first mover advantage, but the upside is limited post listing said Prashant Tapse of Mehta Equities.
Solid Start! Ideaforge IPO fully subscribed within hours of opening on robust retail demand
26, Jun, 23The robust demand was driven by retail investors, whose category was subscribed 4.38 times. While the non-institutional portion was subscribed 1.03 times, there were no bids yet from qualified institutional buyers.
Ideaforge IPO: GMP soars nearly 80% as issue gets fully subscribed. Here's what brokerages say
26, Jun, 23The NII part was subscribed 1.89 times so far, while there were no bids from qualified institutional buyers. According to market sources, the company's shares are commanding a premium of Rs 525-530 in the unlisted market, indicating big listing gains for investors if the trends sustain.
TVS Supply Chain IPO to open for subscription on August 10. Check key details here
04, Aug, 23The offer comprises fresh equity issue of up to Rs 600 crore and an offer for sale (OFS) of 1.42 crore units by selling shareholders
TVS Supply Chain IPO: Issue subscribed over 2 times on day 3 so far; retail investors steal the show
14, Aug, 23TVS Supply Chain IPO subscribed 2.78 times on day 3 so far, receives overwhelming response from retail investors.
Innova Captab listing tomorrow: Here's what GMP indicates ahead of debut
28, Dec, 23The shares of Innova Captab will debut on the exchanges on Friday. Ahead of the listing, the company's shares are commanding a premium of Rs 61 in the unlisted market.