TVS Motor Company’s holding company, Sundaram Clayton’s offer of 12, 64,501 new equity shares has been oversubscribed by 1.6 times after the company received applications for 20,14,665 equity shares. The company fixed the issue price of 12, 64,501 shares at Rs 297.50 per equity share, for raising Rs 37.62 crore.
The company intends to use the net proceeds of the issue towards prepayment and repayment of certain of the existing debt of the Company, meeting capital expenditure requirements and general corporate purposes.
| Company Name | CMP |
|---|---|
| Bajaj Auto | 9777.15 |
| Hero MotoCorp | 5229.25 |
| TVS Motor | 3743.60 |
| Eicher Motors | 7189.40 |
| Ather Energy | 850.65 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: