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TVS Supply Chain IPO: Investors betting on the TVS supply chain IPO have been hit hard by the gray market premium or GMP. The GMP of this IPO is Rs.1. In such a situation, the expectation of any big profit from these IPOs is now reduced. However, the IPO has not been allocated yet. For its detailed information, you can visit linkintime.co.in/mipo/ipoallotment.html. From here you will know whether the IPO has been allotted or not. However, before checking, keep your PAN number with you. We are saying this because the PAN number has to be entered.
What was the issue price: The issue price for this IPO was kept at Rs 187-197 per share. Taking both the upper price band and the gray market premium together, the stock traded at Rs. 200 below Rs. 198, which is expected to list at Rs. 1 is greater. This IPO is worth Rs 880 crore. The IPO received bids for 6,98,68,624 shares against the offer of 2,51,22,289 shares.
Anchor Investor Response: TVS Supply Chain raised ₹396 crore by allotting 20.1 million shares to 18 anchor investors. These include Franklin Templeton Mutual Fund, SB I Life Insurance, Tata Group’s Tata Mutual Fund, Societe Generale, BNP Paribas, Copthal Mauritius Investments, Otham Investments, Origin Master and Winro Commercial.