TVS Supply Chain Solutions Limited is gearing up for its much-anticipated Initial Public Offering (IPO) through a book-built issue. The IPO is scheduled to run from August 10 to August 14, 2023, with a share price range of ₹187 to ₹197. Investors can participate with a minimum order of 76 shares.
The IPO will comprise 44,670,051 shares with a face value of Rs. 1 each, potentially raising funds of up to ₹880 crore for TVS Supply Chain Solutions Limited. Let’s delve into the details of their IPO set to hit the market in August 2023.
About TVS Supply Chain Solutions Limited
TVS Supply Chain Solutions offers supply chain management services to international organizations, government bodies, and large to medium-sized businesses.
Their services encompass two main segments:
Integrated supply chain solutions (ISCS), covering sourcing, transportation, logistics centers, in-plant operations, aftermarket fulfillment, and consulting.
Network Solutions (NS), including global forwarding, warehousing, value-added services, and time-critical final mile solutions.
In Fiscal 2022, they served over 10,531 global customers and 8,115 customers in India. Notably, 72 ‘Fortune Global 500’ companies were among their global clients, along with 25 in India. Their diverse client base spans industries like Automotive, Defence, FMCG, E-commerce, and more, including companies such as Sony, Hyundai, Johnson Controls-Hitachi, and Hero MotoCorp. TVS Supply Chain Solutions achieved a total income of ₹92,999.36 million in Fiscal 2022.
TVS Supply Chain Solutions IPO Issue Details
| Issue Type | Book Built IPO Issue |
| Issue Opens | 10th August 2023 |
| Issue Closes | 14th August 2023 |
| Face Value | Rs 1 Per Share |
| Issue Price | Rs 187 to Rs 197 Per Share |
| Issue Size | 44,670,051 shares (Rs 880 crores) |
| Minimum Order Quantity | 76 Shares |
| Listing | NSE, BSE |
Purpose of the Issue
The company plans to utilize the proceeds of the issue for the following purposes:
- 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.
- General corporate purposes.
TVS Supply Chain Solutions Limited — Company Contact Details
- Registered & Corporate Office: 10 Jawahar Road, Chokkikulam, Madurai – 625 002
- Telephone: + 91 44 66857777
- Website: https://www.tvsscs.com/
TVS Supply Chain Solutions IPO – Lead Managers of the Issue
Jm Financial Limited
- Office Address: 141 Maker Chamber III, Nariman Point, Mumbai 400 021
- Telephone: (91 22) 6630 3030
- Email: chintal.sakaria@jmfinancial.in
Axis Capital Limited
- Office Address: 1st Floor, Axis House, C-2 Wadia International Centre, P.B. Marg, Worli, Mumbai 400 025
- Telephone: +91 22 4325 2183
- Email: complaints@axiscap.in
J.P. Morgan India Private Limited
- Office Address: 9th Floor, Mafatlal Centre, Nariman Point, Mumbai 400 021
- Telephone: 91 (22) 2285 5666
- Email: reliancepower_ipo@jpmorgan.com
Bnp Paribas
- Office Address: BNP Paribas House, 1 North Avenue, Maker Maxity, Bandra-Kurla Complex, Bandra (East), Mumbai – 400051 Maharashtra, India
- Telephone: +91 22 3370 4000
- Email: indiainvestors.care@asia.bnpparibas.com
Equirus Capital Private Limited
- Office Address: 12 th Floor, C Wing, Marathon Futurex, N . M . Joshi Marg, Lower Parel, Mumbai 400 013
- Telephone: +91 22 4332 0600
- Email: shankara.ipo@equirus.com
Nuvama Wealth Management Limited
- Office Address: 8th Floor, Wing A, Building No 3, Inspire BKC, G Block, Bandra-Kurla Complex, Bandra East, Mumbai – 400051
- Telephone: +91 22 4009 4400
- Email: Pfc.ncd@nuvama.com
TVS Supply Chain Solutions IPO – Registrar of the Issue
Link Intime India Private Ltd
- Telephone: +91-22-4918 6270
- Email: tvs.ipo@linkintime.co.in
- Website: https://linkintime.co.in/
TVS Supply Chain Solutions Limited IPO Issue Prospectus
Click here to read the Final Prospectus of this IPO Issue.
Disclaimer: Investingly just provides basic information as update about the issues. Investingly never gives advices or recommendations to anyone. Investments into securities are subject to market risk. Please read the offer and issue documents carefully before investing. It is also advised to consult your financial advisor for necessary suggestions.
