TVS Supply Chain Solutions IPO will open for subscription from 10 August 2023. the company aims for an issue size of ₹880 Cr through this IPO.
Company Overview
| Full name | TVS Supply Chain Solutions Limited |
| Sector | Logistics |
| Industry | Logistics |
| Company Website | https://www.tvsscs.com/ |
About Company
Incorporated in 2004, TVS Supply Chain Solutions is an India-based multinational company that pioneered the development of the supply chain solutions market in India. During this period, it has grown significantly and its total income was INR 10,311.01 crores in FY 2023. The company provided supply chain solutions to 11,546, 10,531, and 8,788 customers during FY 2021, 2022, and 2023, while in India, it provided solutions to 1,120, 1,044, and 902 customers in the same years. The company has added an aggregate of 1,179, 152, and 177 new customers in FY 2021, 2022 and 2023, respectively.
The company has four business verticals:
- Supply chain solutions
- Manufacturing
- Auto Dealership
- Aftermarket sales and service.
The company’s solutions spanning the entire value chain from sourcing to consumption can be divided into two segments:
- Integrated supply chain solutions (ISCS)
- Network Solutions (NS)
The Objective of the Issue
- 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.
IPO Timetable
| IPO Opening date | 10 August 2023 |
| IPO Closing | 14 August 2023 |
| Basis of Allotment | 18 August 2023 |
| Initiation Refund | 21 August 2023 |
| Credit to Demat Account | 22 August 2023 |
| Listing Date | 23 August 2023 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹880 Cr – 44,670,051 shares |
| Fresh Issue | ₹600 Cr – 30,456,853 shares |
| Offer for sale | ₹280 Cr – 14,213,198 shares |
| Face value | ₹01 per share |
| Price Band | ₹187 to ₹197 per share |
| Lot size | 76 Shares |
| Retail Allocation | 10% |
| Listing Exchange | BSE & NSE |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 76 | ₹14,972 |
| Retail (Max) | 13 | 988 | ₹194,636 |
| S-HNI (Min) | 14 | 1,064 | ₹209,608 |
| S-HNI (Max) | 66 | 5,016 | ₹988,152 |
| B-HNI (Min) | 67 | 5,092 | ₹1,003,124 |
Reservation Details
| Anchor Investor Shares Offered | 20,101,522 (45.00%) |
| QIB Shares Offered | 13,401,016 (30.00%) |
| NII (HNI) Shares Offered | 6,700,507 (15.00%) |
| Retail Shares Offered | 4,467,005 (10.00%) |
| Total Shares Offered | 44,670,051 (100%) |
Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 6,933.6 | 9,249.8 | 10,235.4 |
| Expenses | 7,165.8 | 9,253.2 | 10,265.7 |
| Net income | (76.4) | (45.8) | 41.8 |
| Margin (%) | (1.11) | (0.50) | 0.41 |
Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (2.26) | (1.44) | 1.02 |
| PE ratio | – | – | 183.33 – 193.14 |
| RONW (%) | (15.15) | (6.88) | 5.50 |
| NAV | 14.89 | 20.96 | 18.89 |
| ROCE (%) | (4.56) | 6.65 | 7.64 |
| EBITDA (%) | 5.58 | 6.62 | 6.68 |
| Debt/Equity | 2.92 | 2.34 | 1.61 |
Company Promoters
- TVS Mobility Private Limited
- T.S. Rajam Rubbers Private Limited
- Dhinrama Mobility Solution Private Limited
Promoter Holding
| Pre Issue Share Holding | 46.65% |
| Post Issue Share Holding | 41.6% |
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
IPO Registrar
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +91 22 4918 6200
Email: tvs.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Details
TVS SUPPLY CHAIN SOLUTIONS LIMITED
No.58, Eldams road, Teynampet
Chennai – 600 018, Tamil Nadu, India
Phone: +91 44 66857777
Email: cs.compliance@tvsscs.com
Website: www.tvsscs.com
Allotment Status
TVS Supply Chain IPO allotment will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Final thoughts
TVS Supply Chain Solutions IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
