03-Aug-2023
2 mins read
TVS Supply Chain Solution Limited, a part of TVS Mobility Group, files fresh draft papers for its Initial Public Offering consisting of a fresh issue of Rs 750 crore and an offer for sale of up to 595 lakh equity shares with a face value of Rs 1. Each share. The IPO will open on 10 Aug and conclude on 14 Aug. It is important to note that the promoters are not participating in the Offer for Sale (OFS) due to the valuation not meeting their expectations. However, the OFS has attracted the participation of private equity investors, including Omega TC Holdings and Tata Capital.
Company Profile
TVS Supply Chain Solutions, an Indian-based multinational company, is distinguished in pioneering the development of India’s supply chain solutions market. It is India’s largest and fastest integrated supply chain solution provider in terms of revenues in FY21. With a proven track record, the brand excels in managing large and intricate supply chains across various industries in India and chosen international markets.
Leveraging their profound domain knowledge and robust global expertise, they specialise in tailoring solutions that precisely serve their customer’s specific needs and demands. The company provide solutions to simplify the complexity of the supply chain by using the latest technology, data analytics and execution experience to offer critical solutions such as accurate demand forecasting, inventory planning and production, procurement management, network optimisation, visibility and supply chain agility to handle evolving needs. TVS Supply Chain is the only differentiated Indian supply chain solution to have global capabilities and a network across the value chain with cross-deployment abilities.
Financials of TVS Supply Chain Solutions (In Rs Crore)
| Period Ended | 31-Mar-20 | 31-Mar-21 | 31-Mar-22 | 31-Dec-22 |
| Assets | 5,462.92 | 4,990.06 | 5,789.73 | 5,826.00 |
| Revenue | 6,792.76 | 6,999.69 | 9,299.94 | 7,919.86 |
| Profit After Tax | -248 | -76.34 | -45.8 | 54.11 |
| Net Worth | 510.8 | 490.69 | 714 | 731.45 |
| Reserves and Surplus | 493.35 | 473.94 | 713.76 | 781.04 |
| Total Borrowing | 2,160.12 | 1,547.92 | 1,763.78 | 1,860.84 |
Important Dates for TVS Supply Chain Solution Limited IPO (Tentative)
| IPO Date | Aug 10, 2023 to Aug 14, 2023 |
| Listing Date | Wednesday, 23 August 2023 |
| Face Value | Re 1 per share |
| Price | Rs 187 to Rs 197 per share |
| Lot Size | 76 Shares |
| Fresh Issue | Aggregating up to Rs750 Crore |
| Offer for Sale | 20,007,160 shares of Re 1 |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Objects of the TVS Supply Chain Solutions Limited IPO
The company intend to utilise the net proceeds from the issue for the following purposes:
- Prepayment or repayment of certain outstanding borrowings obtained by the company and its subsidiaries, namely TVS LI UK and TVS SCS Singapore.
- Allocation towards general corporate purposes.
Promoters of TVS Supply Chain Solutions Limited IPO
TVS Mobility Private Limited, T.S. Rajam Rubbers Private Limited, Dhinrama Mobility Solution Private Limited and Ramachandran Dinesh are the promoter of the company.
Lead Managers of TVS Supply Chain Solutions Limited IPO
The lead managers of the IPO are JM Financial Limited, Axis Capital Limited, J. P. Morgan India Private Limited, BNP Paribas, Edelweiss Financial Services Limited and Equirus Capital Private Limited.
How to Apply for TVS Supply Chain Solutions Limited IPO?
Wait for the public issue to open for subscription, then click on this link to apply for the TVS Supply Chain Solution Limited IPO with Bigul https://ipo.bonanzaonline.com/.
How to Check the Allotment Status of TVS Supply Chain Solutions Limited IPO?
The registrar for TVS Supply Chain Solution Limited is Link Intime India Private Ltd. To check your allotment status, please click on this link https://linkintime.co.in/
FAQ
- What is TVS Supply Chain Solutions Limited IPO?
TVS Supply Chain Solutions Limited plans to go public by issuing fresh shares and an offer to sell existing equity shares. The IPO aims to raise funds for various purposes, including repayment of borrowings and general corporate needs.
- What is the face value of each share in the TVS Supply Chain Solutions Limited IPO?
The face value of each share in the IPO is Re 1.
- Who are the promoters of TVS Supply Chain Solutions Limited?
The company’s promoters are T.VS Mobility Private Limited, T.S. Rajam Rubbers Private Limited, Dhinrama Mobility Solution Private Limited, and Ramachandran Dinesh.
- When will TVS Supply Chain Solutions IPO open?
The TVS Supply Chain Solutions IPO open dates is 10 Aug 2023.
- When is the TVS Supply Chain Solution allotment date?
The allotment date of TVS Supply Chain Solution Limited will be 18 August 2023.
- When is the TVS Supply Chain Solutions IPO listing date?
TVS Supply Chain Solution Limited IPO’s listing date will be 23 August 2023.
- What is the lot size of the TVS Supply Chain Solutions IPO?
The lot size is 76 Shares.
- What is the price band of the TVS Supply Chain Solution IPO?
The price band is Rs 187 to Rs 197 per share.