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TVS Supply Chain Solutions IPO
TVS Supply Chain Solutions provides supply chain management services to international organizations, government departments and large and medium-sized businesses.
And now it’s ready to raise funding from the public through IPO so that TVS Supply Chain could enhance its operations.
Let’s discuss the initial public offering in detail.
Objectives of TVS Supply Chain IPO
The company tends to utilise the net proceeds from the issue towards the funding of the following objects:
- Repayment or pre-payment of all or a certain portion of certain outstanding borrowings availed by the company subsidiaries TVS LI UK and TVS SC Singapore
- General corporate purposes
TVS Supply Chain Solutions IPO Details
| IPO Date | Aug 10, 2023 to Aug 14, 2023 |
| Listing Date | Wednesday, 23 August 2023 |
| Face Value | ₹1 per share |
| Price | ₹187 to ₹197 per share |
| Lot Size | 76 Shares |
| Total Issue Size | 44,670,051 shares (aggregating up to ₹880.00 Cr) |
| Fresh Issue | 30,456,853 shares (aggregating up to ₹600.00 Cr) |
| Offer for Sale | 14,213,198 shares of ₹1 (aggregating up to ₹280.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
TVS Supply Chain IPO Tentative Timetable
| IPO Open Date | Thursday, 10 August 2023 |
| IPO Close Date | Monday, 14 August 2023 |
| Basis of Allotment | Friday, 18 August 2023 |
| Initiation of Refunds | Monday, 21 August 2023 |
| Credit of Shares to Demat | Tuesday, 22 August 2023 |
| Listing Date | Wednesday, 23 August 2023 |
TVS Supply Chain Solutions IPO Reservation
| QIB Shares Offered | Not less than 75.00% of the Net offer |
| NII (HNI) Shares Offered | Not more than 15.00% of the Offer |
| Retail Shares Offered | Not more than 10.00% of the Offer |
TVS Supply Chain IPO Financials
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 5,462.92 | 4,990.06 | 5,789.73 | 6,210.92 |
| Revenue | 6,792.76 | 6,999.69 | 9,299.94 | 10,311.01 |
| Profit After Tax | -248.00 | -76.34 | -45.80 | 41.76 |
| Net Worth | 510.80 | 490.69 | 714.00 | 723.55 |
| Reserves and Surplus | 493.35 | 473.94 | 713.76 | 774.19 |
| Total Borrowing | 2,160.12 | 1,547.92 | 1,763.78 | 1,989.62 |
TVS Supply Chain Solutions IPO Promoters
TVS Mobility Private Limited, T.S. Rajam Rubbers Private Limited, and Dhinrama Mobility Solution Private Limited are the promoters TVS SCS.
TVS Supply Chain Solutions’ Industry Overview
Due to favourable working conditions and cost-effectiveness many global manufacturing companies are shifting their operations to India.
The consumption across end-user industries in the domestic market will lead to an increase in demand for logistics services in India. The TVS brand is a front-runner in the rapidly growing logistics in India.
TVS Supply Chain Solutions IPO: Company Background
TVS supply chain solutions provide supply chain management services for international organisations, government departments, and large and medium-sized businesses.
The TVS group is a pioneer in the supply chain solution market in India. The brand has managed large and complex supply chains across multiple industries in India and the global market.
The brand provides end-to-end solutions enabled by domain expertise, a knowledge base and a global network. In addition, the brand has a successful track record of successful integration of the acquisition.
TVS Supply Chain Solutions’ Competitors
TVS SCS’s competitors and similar companies include Katoen Natie, Gy Log, Central Warehousing and Termaco Participacoes.
TVS SCS is a provider of supply chain and global forwarding solutions.
Wrap Up on TVS Supply Chain Solutions IPO
To conclude, TVS Supply Chain Solutions has a record of successful inorganic growth through strategic acquisitions.
In the last few years, the brand has undertaken close to 20 years of growth across Europe, the United States, and the United Kingdom.
Don't forget: 12 Upcoming IPOs in August 2023 (Full List)
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