Shares of TVS Supply Chain Solutions Ltd, a part of TVS Mobility Group, started the commerce with a premium of over 5% in opposition to the difficulty worth of ₹197 on its debut commerce on Wednesday.
The inventory listed at ₹206.30, up 4.72% from the difficulty worth on the BSE. It later jumped 5.83% to ₹208.50.
At the NSE, it started the commerce at ₹207.05, registering a acquire of 5.10%. The inventory additional rallied 5.88% to ₹208.60.
The firm commanded a market valuation of ₹8,791.94 crore in morning offers.
The Initial Public Offering (IPO) of TVS Supply Chain Solutions was subscribed 2.78 occasions final week.
The ₹880-crore IPO had a worth vary of ₹187-197 per share.
TVS Supply Chain Solutions is current in over 25 nations. The firm is promoted by erstwhile TVS Group and is now a part of TVS Mobility Group, which has 4 enterprise verticals — provide chain options, manufacturing, auto dealership, and aftermarket gross sales and repair.
