Shares of TVS Supply Chain Solutions Ltd, a subsidiary of the TVS Mobility Group, concluded their debut trade on Wednesday with a 2% premium over the issue price of Rs. 197.
The stock made its debut on the BSE at Rs. 206.30, marking a 4.72% increase from the issue price. Throughout the day, it reached a peak of Rs. 208.50, reflecting a 5.83% surge.
Closing at Rs. 200.95, the company’s shares ended the day with a 2% gain.
On the NSE, the stock commenced trading at Rs. 207.05, securing a 5.10% rise. It reached a high of Rs. 208.60 during the trading day before settling at Rs. 201.10, resulting in a 2% increase.
TVS Supply Chain Solutions boasted a market valuation of Rs. 8,789.75 crore.
In terms of trading volume, the BSE saw 17.59 lakh shares traded, while the NSE recorded over 2.41 crore shares changing hands during the day.
Last week, the Initial Public Offering (IPO) of TVS Supply Chain Solutions garnered 2.78 times the subscription. The IPO, valued at Rs. 880 crore, was priced in the range of Rs. 187-197 per share.
TVS Supply Chain Solutions maintains a presence in more than 25 countries and is promoted by the former TVS Group. It is now a part of the TVS Mobility Group, which encompasses four business verticals: supply chain solutions, manufacturing, auto dealership, and aftermarket sales and service.