Supply Chain / Integrated Logistics - Listed on 23 August 2023
TVS Supply Chain Solutions (Supply Chain / Integrated Logistics) closed its IPO window in 2023 and listed on NSE and BSE on 23 August 2023 at an upper band issue price of Rs 197, opening at Rs 207.05 for a listing gain of +5.1% and closing day one at Rs 201.1 (+2.1% on closing basis). The IPO was subscribed 2.78x overall - QIB 1.35x, HNI/NII 2.35x, Retail 7.61x. The total issue size was Rs 880 Cr (Fresh Issue Rs 600 Cr, OFS Rs 280 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Supply Chain / Integrated Logistics
TVS Supply Chain Solutions operates in the Supply Chain / Integrated Logistics space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The TVS Supply Chain Solutions issue was offered at an upper price of Rs 197 and raised approximately Rs 880 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 27 | +13.71% |
| Day 2 | Rs 30 | +15.23% |
| Day 3 | Rs 20 | +10.15% |
| Day 4 | Rs 20 | +10.15% |
| Day 5 | Rs 20 | +10.15% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the TVS Supply Chain Solutions IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
TVS Supply Chain Solutions IPO listed at +5.1% versus the upper issue price of Rs 197 on 23 August 2023.
TVS Supply Chain Solutions IPO was subscribed 2.78x overall. QIB portion was subscribed 1.35x, HNI / NII 2.35x and Retail 7.61x.
IPO GMP started at Rs 27 on Day 1 and moved to Rs 20 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.