TVS Supply Chain IPO bidding to end today; check live subscription status

14 Aug 2023 , 12:03 PM

The Chennai-based TVS Supply Chain’s initial public offering (IPO) is set to conclude today. As a division of TVS Mobility Group, the IPO has garnered favorable interest from investors, with 4.15 crore equity shares purchased by participants against an offering size of 2.51 crore shares, resulting in a subscription of 1.66 times.

On day 3 by 12.10 PM, the retail investors have demonstrated strong interest, subscribing 5.40 times the allocated portion, which constitutes 10 percent of the total offering size. High net-worth individuals have subscribed for shares 1.50 times their reserved portion, representing 15% of the total IPO size. Qualified institutional buyers, who have a 75% reserved portion, have subscribed for 0.47 times the shares so far.

As of the second day, the retail segment of the offering has experienced a subscription rate of 4.6 times, while the institutional portion has seen a subscription rate of only 0.15 times. The non-institutional portion has reached a subscription rate of 1.19 times.

The allocation of TVS Supply Chain shares is anticipated to be finalized by August 21. Eligible investors can expect their equity shares to be transferred to their demat accounts by August 23, while refunds for unsuccessful investors will be credited to their bank accounts by August 22. The stock is poised to make its stock exchange debut on August 24.