Mind-Blowing Stock Market Debut: TVS Supply Chain’s 5% Premium Surprise Will Leave You Speechless

TVS Supply Chain Solutions made its stock market debut on Wednesday, showcasing a 5% premium over its IPO price. The company’s shares opened at Rs 207.05 on the National Stock Exchange (NSE) and Rs 206.30 on the BSE, surpassing the IPO price of Rs 197 per share.

Mind-Blowing Stock Market Debut: Tvs Supply Chain'S 5% Premium Surprise Will Leave You Speechless
Mind-Blowing Stock Market Debut: Tvs Supply Chain’S 5% Premium Surprise Will Leave You Speechless

The IPO, valued at Rs 880 crore, garnered strong interest with a subscription rate of 2.78 times. Just prior to its listing, the company’s shares were trading at a Rs 5 premium per share in the grey market, as reported by Moneycontrol. The IPO, which was open for subscription from August 10 to 14, included 2.51 crore equity shares, and bids were placed for 6.99 crore shares.

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Retail investors showed significant enthusiasm for the IPO, subscribing 7.61 times their allotted quota. However, experts attributed the lackluster debut to factors such as an aggressively priced IPO, past years’ losses, and intense competition within the industry.

Despite this, the company reported impressive revenue growth, achieving a compound annual growth rate (CAGR) of 21.5% between FY21 and FY23, reaching Rs 10,235 crore in the previous fiscal year. Furthermore, the company turned a profit of Rs 41.8 crore in FY23, rebounding from consecutive losses of Rs 45.8 crore in FY22 and Rs 76.34 crore in FY21.

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TVS Supply Chain Solutions, formerly known as TVS Logistics, originated within the TVS group before becoming an independent entity in 2004. Today, it operates globally, serving Fortune 500 companies across 26 countries in Europe, Asia, and Australia. The company specializes in providing end-to-end solutions and is organized into two main segments: supply chain solutions and network solutions.

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Please note that this report is for informational purposes only and should not be considered as a stock recommendation. Reader discretion is advised.

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