TVS Supply Chain Solutions is set for share allotment on August 16, where investors will receive shares by a lottery basis. Checking the allotment status is available through the BSE or by visiting the registrar s website. Its shares are expected to get listed on Aug 23 at an 11% premium price.
The qualified institutional buyers (QIB) portion of the TVS Supply Chain Solutions IPO 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.
TVS Supply Chain IPO: The company sold its shares in the range of Rs 187-197 apiece. A minimum bid consisted 76 equity shares and in multiples thereafter. The initial offering included a fresh equity share sale of Rs 600 crore.