The scrip was listed at a price of Rs 206.30, at a premium of 4.72% as compared to the issue price.

So far, the stock has hit a high of 208.50 and a low of 199. On the BSE, over 9.46 lakh shares of the company were traded in the counter so far.

The initial public offer (IPO) of TVS Supply Chain Solutions was subscribed 2.78 times. The issue opened for bidding on 10 August 2023 and it closed on 14 August 2023. The price band of the IPO was fixed at Rs 187-197 per share.

The issue comprised both fresh issue and offer for sale. While fresh issue consisted new equity shares aggregating upto Rs 600 crore and that of offer for sale comprised sale of 14,213,198 equity shares.

Of the net proceeds from fresh issue about Rs 525 crore will be used to prepay all or a portion of certain borrowings availed by the company and its UK Subsidiary, i.e., TVS LI and balance for general corporate purposes.

Total consolidated borrowings of the company as of 31 March 2023, was Rs 1,989.616 crore million.

TVS Supply Chain Solutions (TSCS), a part of TVS Mobility Group (earlier part of erstwhile TVS Group), is a leading integrated supply chain solutions provider that has global capabilities and network across the value chain with cross deployment abilities.

The company reported a net profit of Rs 39.81 crore and net sales of Rs 10,235.38 crore for the twelve months ended on 31 March 2023.