TVS Supply Chain Solutions IPO

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 nameTVS Supply Chain Solutions Limited
Company Website

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 date10 August 2023
IPO Closing14 August 2023
Basis of Allotment18 August 2023
Initiation Refund21 August 2023
Credit to Demat Account22 August 2023
Listing Date23 August 2023

IPO details

Issue typeBook 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 size76 Shares
Retail Allocation10%
Listing ExchangeBSE & NSE

IPO Lot Size

Retail (Min)176₹14,972
Retail (Max)13988₹194,636
S-HNI (Min)141,064₹209,608
S-HNI (Max)665,016₹988,152
B-HNI (Min)675,092₹1,003,124

Reservation Details

Anchor Investor Shares Offered20,101,522 (45.00%)
QIB Shares Offered13,401,016 (30.00%)
NII (HNI) Shares Offered6,700,507 (15.00%)
Retail Shares Offered4,467,005 (10.00%)
Total Shares Offered44,670,051 (100%)

Financial Performance

 FY 2021FY 2022FY 2023
Net income(76.4)(45.8)41.8
Margin (%)(1.11)(0.50)0.41
(Amount in ₹ Crores)

Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio183.33 – 193.14
RONW (%)(15.15)(6.88)5.50
ROCE (%)(4.56)6.657.64
EBITDA (%)5.586.626.68

Company Promoters

  • TVS Mobility Private Limited
  • T.S. Rajam Rubbers Private Limited
  • Dhinrama Mobility Solution Private Limited 

Promoter Holding

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

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
 +91 22 4918 6200

Contact Details

No.58, Eldams road, Teynampet
Chennai – 600 018, Tamil Nadu, India
Phone: +91 44 66857777

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

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