The ₹880-crore initial public offering of TVS Supply Chain Solutions was subscribed 2.78 times earlier this month. The issue received bids for 69.9 million shares against an offer size of 25.1 million shares.
Shares of TVS Supply Chain debuted on stock exchanges with a premium of over 5 per cent on Monday but soon trimmed early gains to trade nearly 2 per cent higher from its issue price.
TVS Supply Chain share price: TVS Supply Chain Solutions had a tepid debut on the stock market after its IPO, with experts advising investors to book profits or hold with a stop loss at the IPO price.