The initial public offering (IPO) of TVS Supply Chain Solutions, part of the TVS Mobility Group, is scheduled to open for subscription on August 10. The Chennai-based supply chain logistics solutions provider plans to raise Rs. 600 crore from the fresh issue, intending to use the funds for debt repayment and general corporate purposes.
The IPO will close on August 14, with the anchor book open on August 9. The company received approval from the Securities & Exchange Board of India (SEBI) for the IPO launch in July. The basis of allotment will be finalised on August 22, and the equity shares will be credited to eligible allottees’ demat accounts on August 23. The shares of TVS Supply Chain Solutions will be listed on stock exchanges on August 24.