in sebis parlance its observations mean approval to launch the public issuetvs supply chain solutions part of tvs mobility group has received capital markets regulator sebis goahead to raise funds through an initial public offering ipo the ipo comprises a fresh issue of equity shares aggregating up to inr 750 crore and an offer for sale ofs of over 2 crore equity shares by promoters and existing shareholders according to the draft red herring prospectus those offering shares in the ofs include omega tc holdings pte ltd tata capital financial services ltd mahogany singapore company pte ltd tvs motor company ltd kotak special situations fund andrew jones ramalingam shankar ethirajan balaji dinesh narayan and sargunaraj ravichandran advt the company which filed fresh preliminary ipo papers in april obtained its observation letter on july 18 an update with the securities and exchange board of india sebi showed on tuesday in sebis parlance its observations mean approval to launch the public issue going by the draft papers proceeds from the fresh issue will be utilised for payment of debt availed by the company and its subsidiaries tvs li uk and tvs scs singapore and for general corporate purposes tvs supply chain solutions tvs scs an integrated supply chain solutions provider is present in over 25 countries tvs scs is promoted by the erstwhile tvs group and is now part of the tvs mobility group which has four business verticals supply chain solutions manufacturing auto dealership and aftermarket sales and service jm financial axis capital j p morgan india bnp paribas edelweiss financial services and equirus capital are the bookrunning lead managers to the ipo in addition the capital markets regulator has given its goahead to pyramid technoplast to mobilise funds through an initial sharesale the company filed draft ipo papers in marchread alsotvs supply chain solutions r dinesh takes over as cii presidentask automotive files draft papers with sebi for ipotvs motor q1fy24 pat up 46 to inr 468 crtvs scs wins deal to automate manage centricas british gas supply chain pti published on jul 25 2023 at 0512 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app tvs supply chain solution tvs ipo sargunaraj ravichandran sebi s dinesh narayan jm financial edelweiss financial services sebi nod to float ipo homenewsindustrytvs supply chain solutions gets sebi nod to float ipo