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The 8 8 0 - crore initial public offering ( IPO ) of TVS Supply Chain Solutions will open for public subscription on Thursday. The
The crore initial public offering IPO of TVS Supply Chain Solutions will open for
public subscription on Thursday. The company has fixed a price band of per share
for the issue, which will close on Monday. The IPO comprises crore of fresh issue and
an offer for the sale of shares worth crore by the existing shareholders, including Tata
Capital, TVS Motors, Omega TC Holdings, and Kotak Special Situations Fund, among
others. The proceeds from the IPO will partly be used to reduce debt.
The company, in consultation with the bookrunning lead managers, has undertaken a preIPO placement, and accordingly, the fresh issue size has been reduced from crore.
At the upper end of the price band, the valuation of the company stands at crore.
The company has posted an growth in revenue from operation in FY to crore
from a year ago. It posted a net profit of crore in FY compared to a net loss of
crore the previous year.
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