"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 Securities
TVS Supply Chain Solutions IPO | The offer comprises a fresh issuance of shares worth Rs 600 crore by the company, and an offer for sale of Rs 280 crore by 22 selling shareholders including Omega TC Holdings, and Tata Capital Financial Services.