Key Points
"The 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 SecuritiesAgencies..
The initial public offer (IPO) of TVS Supply Chain Solutions opened for subscription on Thursday, August 10 and will close on Monday, August 14..
The issue comprises fresh equity of Rs 600 crore and an offer for sale (OFS) of Rs 280 crore...
At the upper price band of Rs 197, TVS Supply chain is available at a P/E of 209x (FY23), which appears aggressively priced compared to peers, Geojit Financial Services said...
The proceeds from the fresh issue will be utilised for payment of debt availed by the company and its subsidiaries -- TVS LI UK and TVS SCS Singapore -- and for general corporate purposes...
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