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TVS Supply Chain Solutions Limited IPO Detail

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 DateAug 10, 2023
IPO Closing DateAug 14, 2023
Issue TypeBook Built Issue IPO
Face Value₹1 per equity share
IPO Price ₹187 - 197 per equity share
Market Lot76 Shares
Min Order Quantity76 Shares
Listing AtBSE, NSE
Issue Size₹880.00 Cr
Fresh Issue₹600.00 Cr
Offer for Sale₹280.00 Cr
Retail Portion 10%

IPO Subscription (Bidding Detail)

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 DateAug 10, 2023
IPO Close DateAug 14, 2023
Basis of Allotment DateAug 18, 2023
Initiation of RefundsAug 21, 2023
Credit of Shares to Demat AccountAug 22, 2023
IPO Listing DateAug 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).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding46.65%
Post Issue Share Holding41.6%

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:

  1. 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
  2. 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,


Madurai – 625 002