TVS Supply Chain Solutions Limited IPO Detail
TVS Supply Chain Solutions provides supply chain management services for international organizations, government departments, and large and medium-sized businesses.
TVS SCS offers its services in two segments:
- Integrated supply chain solutions (ISCS); and
- Network Solutions (NS)
The ISCS segment includes sourcing and procurement, integrated transportation, logistics operation centers, in-plant logistics operations, finished goods, aftermarket fulfillment, and supply chain consulting. And, the NS segment includes global forwarding solutions ("GFS"), which involves managing end-to-end freight forwarding and distribution across ocean, air, and land, warehousing and at port storage and value-added services, and time-critical final mile solutions ("TCFMS") which involves closed-loop logistics and support including spares logistics, break-fix, refurbishment and engineering support, and courier and consignment management.
TVS SCS' provided supply chain solutions to over 10,531 and 8,115 customers during Fiscal 2022 and the nine-month period ended December 31, 2022, globally. And to over 1,044 and 733 customers, respectively, in the same periods, in India. In December 2022, the company's global customers included 72 'Fortune Global 500 2022' companies, while its Indian customers included 25 'Fortune Global 500 2022' companies.
The company's client list includes companies in the Automotive, Defence, Engineering, FMCG, Rail, FMCG, Utilities, E-commerce, and Healthcare industry, namely Sony India Private Limited, Hyundai Motor India Limited, Johnson Controls-Hitachi Air Conditioning India Limited, Ashok Leyland Limited, TVS Motor Company Limited, Diebold Nixdorf, TVS Srichakra Limited, Lexmark International Technology Sarl, VARTA Microbattery Pte Ltd, Daimler India Commercial Vehicles Private Limited, Hero MotoCorp Limited, Modicare Limited, Panasonic Life Solutions India Private Limited, Dennis Eagle Limited, Electricity North West Limited, Yamaha Motor India Private Limited, and Torrot Electric Europa, S.A., and so on.
TVS Supply Chain Solutions registered a total income of ₹92,999.36 million in Fiscal 2022.
Company Promoters
IPO Details
| IPO Opening Date | Aug 10, 2023 |
| IPO Closing Date | Aug 14, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹1 per equity share |
| IPO Price | ₹187 - 197 per equity share |
| Market Lot | 76 Shares |
| Min Order Quantity | 76 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹880.00 Cr |
| Fresh Issue | ₹600.00 Cr |
| Offer for Sale | ₹280.00 Cr |
| Retail Portion | 10% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | - | - | 0.00x | 0.00x | 0.00x |
| Day 2 | 0.00x | - | - | 0.00x | 0.00x | 0.00x |
| Day 3 | 0.00x | - | - | 0.00x | 0.00x | 0.00x |
| Day 4 | 0.08x | - | - | 0.72x | 1.82x | 0.57x |
| Day 5 | 0.15x | - | - | 1.06x | 3.78x | 1.06x |
| Day 6 | 1.37x | - | - | 2.44x | 7.88x | 2.84x |
IPO Tentative Timetable
The TVS Supply Chain Solutions Limited IPO open date is Aug 10, 2023, and the close date is Aug 14, 2023. The issue may list on Aug 23, 2023.
| IPO Open Date | Aug 10, 2023 |
| IPO Close Date | Aug 14, 2023 |
| Basis of Allotment Date | Aug 18, 2023 |
| Initiation of Refunds | Aug 21, 2023 |
| Credit of Shares to Demat Account | Aug 22, 2023 |
| IPO Listing Date | Aug 23, 2023 |
IPO Lot Size
The TVS Supply Chain Solutions Limited IPO market lot size is 76 shares. A retail-individual investor can apply for up to 13 lots (988 shares or ₹194636).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 76 | ₹14972 |
| Maximum | 13 | 988 | ₹194636 |
IPO Promoter Holding
| Pre Issue Share Holding | 46.65% |
| Post Issue Share Holding | 41.6% |
Company Financials:
For the year/period ended (₹ in Cr.)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 5462.92 | 6792.76 | -248.00 |
| 31-Mar-21 | 4990.06 | 6999.69 | -76.34 |
| 31-Mar-22 | 5789.73 | 9299.94 | -45.80 |
| 31-Mar-23 | 6210.92 | 10311.01 | 41.76 |
Objects of the Issue:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company and subsidiaries, TVS LI UK and TVS SCS Singapore; and
- General corporate purposes.
TVS Supply Chain Solutions Limited IPO Registrar:
Link Intime India Private Ltd
TVS Supply Chain Solutions Limited IPO Lead Manager(s):
Jm Financial Limited Axis Capital Limited J.P. Morgan India Private Limited Bnp Paribas Equirus Capital Private Limited Nuvama Wealth Management Limited
Company Contact Information:
TVS Supply Chain Solutions Limited
10 Jawahar Road,
Chokkikulam,
Madurai – 625 002
