The 880-crore Initial Public Offering (IPO) of TVS Supply Chain Solutions will open for
public subscription on Thursday. The company has fixed a price band of 187 197 per share for the issue, which will close on the next Monday. The IPO comprise Of 600 crore of fresh issue and an offer for the sale of shares worth 280 crore by the existing shareholders, including Tata Capital, TVS Motors. Omega TC Holdings. and Kotak Special Situations Fund, among others. The proceeds from the IPO will partly be used to reduce debt.The company, in consultation with the book - running lead managers, has undertaken a pre - IPO placement, and accordingly, the fresh issue size has been reduced from 750 crore. At the upper end of the price band, the valuation ofthe company stands at 8, 750 crore. The company has posted an 11% growth in revenue from operations in FY23 to 10.235 crore from a year ago. It posted a net profit of 41.76 crore in FY2023 compared to a net loss of 45.80 crore the previous year. Analyse the above news piece and explain the important terminologies used.
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