Initial public offerings (IPOs) are events that generate a lot of buzz in the financial world, especially when it comes to companies that hold significant influence within their industry. One such upcoming IPO that has been the talk of the town is the TVS Supply Chain Solutions Limited IPO. The IPO, which opened for subscription from December 15th to December 17th, 2021, has now revealed the allotment status, leaving investors anxious to know if they have been allotted shares in the company.
What is TVS Supply Chain Solutions Limited?
TVS Supply Chain Solutions Limited is a leading logistics and supply chain management company that is part of the prestigious TVS Group. With a rich history spanning over 60 years, TVS Supply Chain Solutions has established itself as a key player in providing end-to-end supply chain solutions to a wide range of industries, including automotive, healthcare, retail, and more. The company’s wide-ranging services include warehouse management, transportation, packaging, and value-added services.
IPO Details
TVS Supply Chain Solutions Limited IPO was a fresh issue of shares worth Rs 555 crore and an offer for sale (OFS) of up to 41,664,585 equity shares by existing shareholders. The price band for the IPO was set at Rs 531 to Rs 554 per share, with a lot size of 27 shares. The IPO garnered significant interest from investors, as reflected in the oversubscription of the issue.
Allotment Status
Following the closure of the IPO on December 17th, the allotment status of TVS Supply Chain Solutions Limited IPO has been revealed. Investors who had applied for the IPO can now check the status of their allotment through the registrar’s website or by visiting the BSE/NSE website. The allotment status provides information on the number of shares applied for and the number of shares allotted to each applicant.
It’s important to note that the allotment status is subject to various factors, including the subscription of the IPO, the number of shares available for allotment, and the proportionate basis of allocation. Investors who have been allotted shares will have the shares credited to their demat accounts, while those who have not been allotted shares will receive refunds of the application amount.
FAQs on TVS Supply Chain Solutions Limited IPO Allotment
- How can I check the allotment status of TVS Supply Chain Solutions Limited IPO?
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Investors can check the allotment status on the registrar’s website or the BSE/NSE website by entering their PAN or application number.
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What is the basis of allotment for TVS Supply Chain Solutions Limited IPO?
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The allotment is done on a proportionate basis, taking into account the subscription of the IPO and the number of shares applied for.
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When will the shares be credited to the demat account for allotted investors?
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The shares will be credited to the demat accounts of allotted investors shortly after the allotment status is announced.
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How will I receive the refund if I have not been allotted shares in the IPO?
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Investors who have not been allotted shares will receive refunds of the application amount directly to their bank accounts.
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Can I apply for the IPO again if I have not been allotted shares in the initial allotment?
- Yes, investors who have not been allotted shares in the initial allotment can apply for the IPO in the secondary market once trading begins.
In conclusion, the allotment status of the TVS Supply Chain Solutions Limited IPO has been a point of interest for investors eagerly awaiting the outcome of their applications. It is essential for investors to stay updated on the allotment status and be informed about the next steps after the allotment process is complete. IPOs are exciting opportunities for investors to participate in the growth story of a company, and the TVS Supply Chain Solutions Limited IPO is no exception.
