TVS Supply Chain IPO

Last Updated: 17 August 2023 11:44 AM by 5Paisa

TVS Supply Chain Solutions IPO is all set to open from 10th August to 14th August 2023. TVS Supply Chain is involved in the business of supply chain management services catering to government departments, international organizations and large and medium-sized businesses. The IPO includes a fresh issue of ₹600 cr and an Offer-for-Sale (OFS) of 14,213,198 equity shares. The total IPO value is estimated to be ₹880 cr. The share allotment date is 18th August, and the IPO will be listed on 23rd August on the stock exchanges. The price band is ₹187 to ₹197, and the IPO size is 76 shares.   

JM Financial Limited, Axis Capital Limited, J. P. Morgan India Private Limited, BNP Paribas, Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited), and Equirus Capital Private Limited are the book-running lead managers for this IPO, while Link Intime India Private Limited is the registrar. 

Objectives of TVS Supply Chain IPO:

TVS Supply Chain Solutions plans to utilize the raised capital from IPO to:

●    The prepayment or repayment of either a full amount or a part of specific outstanding loans obtained by the company and its subsidiaries, namely TVS LI UK and TVS SCS Singapore
●    Fund general corporate purposes

TVS Supply Chain IPO Video:

TVS Supply Chain Solutions is among India’s largest and fastest-growing integrated supply chain solutions providers in terms of revenues in FY21 and the only differentiated Indian supply chain logistics solution provider to have global capabilities and network across the value chain with cross-deployment abilities. It was promoted by the TVS Group, and is now part of the TVS Mobility Group, which has four business verticals: 1) Integrated supply chain solutions (ISCS) 2) Network Solutions (NS).

The company aims to provide specialized, simplified solutions to customer supply chains by using technology, data analytics and execution experience to offer key solutions such as accurate demand forecasting, inventory planning and production, procurement management, network optimization, visibility and supply chain agility to handle evolving needs. TVS Supply Chain Solutions’ customer base is spread across industries such as automotive, industrial, consumer, tech and tech infra, rail and utilities, and healthcare.

In the first three-quarters of FY22, TVS SCS provided supply chain solutions to a total of 10,531 and 8,115 customers on a global scale. During the same time frame, these figures were 1,044 and 733 customers for the Indian market In December 2022, the company served 72 companies listed in the 'Fortune Global 500 2022' among its global clients, and among its Indian clients, there were 25 such companies.

Some of the key customers include Mahindra & Mahindra Limited, 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 and Electricity North West Limited. 

Peer Comparison
●    TCI Express Limited
●    Mahindra Logistics Limited
●    Blue Dart Express Limited
●    Delhivery Limited

For More Information:

TVS Supply Chain IPO Allotment Status
Webstory on TVS Supply Chain IPO
TVS Supply Chain IPO GMP