TVS Supply Chain Solutions provides supply chain management services for international organizations, government departments, and large and medium-sized businesses.
TVS SCS offers its services in two segments:
- Integrated supply chain solutions (ISCS); and
- Network Solutions (NS)
The ISCS segment includes sourcing and procurement, integrated transportation, logistics operation centers, in-plant logistics operations, finished goods, aftermarket fulfillment, and supply chain consulting. And, the NS segment includes global forwarding solutions (“GFS”), which involves managing end-to-end freight forwarding and distribution across ocean, air, and land, warehousing and at port storage and value-added services, and time-critical final mile solutions (“TCFMS”) which involves closed-loop logistics and support including spares logistics, break-fix, refurbishment and engineering support, and courier and consignment management.
TVS SCS’ provided supply chain solutions to over 10,531 and 8,115 customers during Fiscal 2022 and the nine-month period ended December 31, 2022, globally. And to over 1,044 and 733 customers, respectively, in the same periods, in India. In December 2022, the company’s global customers included 72 ‘Fortune Global 500 2022’ companies, while its Indian customers included 25 ‘Fortune Global 500 2022’ companies.
The company’s client list includes companies in the Automotive, Defence, Engineering, FMCG, Rail, FMCG, Utilities, E-commerce, and Healthcare industry, namely 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, Electricity North West Limited, Yamaha Motor India Private Limited, and Torrot Electric Europa, S.A., and so on.
TVS Supply Chain Solutions registered a total income of ₹92,999.36 million in Fiscal 2022.
TVS Supply Chain Solutions IPO Details
TVS Supply Chain Solutions IPO is a Book Built Issue. The IPO total issue size is Rs 880.00 Cr. The TVS Supply Chain Solutions IPO price is ₹187 to ₹197 per share. The IPO will list on BSE, NSE.
| IPO Date | Aug 10, 2023 to Aug 14, 2023 |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Price | ₹187 to ₹197 per share |
| Lot Size | 76 Shares |
| Total Issue Size | 44,670,051 shares (aggregating up to ₹880.00 Cr) |
| Fresh Issue | 30,456,853 shares (aggregating up to ₹600.00 Cr) |
| Offer for Sale | 14,213,198 shares of ₹1 (aggregating up to ₹280.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 406,953,160 |
| Share holding post issue | 437,410,013 |
TVS Supply Chain Solutions IPO Reservation
TVS Supply Chain Solutions IPO a total of 44,670,051 shares are offered. QIB: 13,401,016 (30.00%), RII: 4,467,005 (10.00%), NII: 6,700,507 (15.00%).
| 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%) |
TVS Supply Chain Solutions IPO Anchor Investors Details
TVS Supply Chain Solutions IPO raises Rs 396.00 crore from anchor investors. TVS Supply Chain Solutions IPO Anchor bid date is Aug 9, 2023. TVS Supply Chain Solutions IPO Anchor Investors list
| Bid Date | Aug 9, 2023 |
| Shares Offered | 20,101,522 |
| Anchor Portion Size (In Cr.) | 396.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Oct 3, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Jan 1, 2024 |
TVS Supply Chain Solutions IPO Timetable (Tentative)
TVS Supply Chain Solutions IPO opens on Aug 10, 2023, and closes on Aug 14, 2023.
| IPO Open Date | Thursday, 10 August 2023 |
| IPO Close Date | Monday, 14 August 2023 |
| Basis of Allotment | Friday, 18 August 2023 |
| Initiation of Refunds | Monday, 21 August 2023 |
| Credit of Shares to Demat | Tuesday, 22 August 2023 |
| Listing Date | Wednesday, 23 August 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Aug 14, 2023 |
TVS Supply Chain Solutions IPO Lot Size
The minimum lot size of this TVS Supply Chain Solutions IPO is 76 shares required is ₹14,972.
| 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 |
| Lot Size Calculator |
TVS Supply Chain Solutions IPO Promoter Holding
TVS Mobility Private Limited, T.S. Rajam Rubbers Private Limited and Dhinrama Mobility Solution Private Limited are the company promoters.
| Pre Issue Share Holding | 46.65% |
| Post Issue Share Holding | 41.6% |
Company Financials
| Period Ended | 31 Mar 2020 | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 5,462.92 | 4,990.06 | 5,789.73 | 6,210.92 |
| Revenue | 6,792.76 | 6,999.69 | 9,299.94 | 10,311.01 |
| Profit After Tax | -248.00 | -76.34 | -45.80 | 41.76 |
| Net Worth | 510.80 | 490.69 | 714.00 | 723.55 |
| Reserves and Surplus | 493.35 | 473.94 | 713.76 | 774.19 |
| Total Borrowing | 2,160.12 | 1,547.92 | 1,763.78 | 1,989.62 |
Amount in ₹ Crore
Key Performance Indicator
| KPI | Values |
|---|---|
| Market Cap (₹ Cr.) | 8746 |
| ROE | 5.50% |
| ROCE | 7.64% |
| EPS (Rs) | 1.04 |
| RoNW | 5.50% |
Check TVS Supply Chain Solutions IPO Peer Comparison here.
Objects of the Issue
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- 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; and
- General corporate purposes.
TVS Supply Chain Solutions IPO Review (Apply)
[Dilip Davda] The opportunity of investment in a TVS group company after a gap of 32 years by TSCSL has been the talk of the town. The company has maintained its leadership in the supply chain solutions segment and will continue to do so as indicated in its financial track records. Though the IPO is priced aggressively, considering the legacy of the TVS group, well-informed investors may park funds for medium to long-term rewards. Read detail review…
TVS Supply Chain Solutions IPO Subscription Status (Bidding Detail)
The TVS Supply Chain Solutions IPO is subscribed 0.22 times on Aug 10, 2023 1:15:00 PM. The public issue subscribed 1.11 times in the retail category, 0.00 times in the QIB category, and 0.08 times in the NII category. Check Day by Day Subscription Details (Live Status) Reload Subscription
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0.00 | 1,34,01,016 | 0 |
| NII | 0.08 | 67,00,507 | 5,05,400 |
| bNII (bids above ₹10L) | 0.03 | 44,67,004 | 1,49,720 |
| sNII (bids below ₹10L) | 0.16 | 22,33,503 | 3,55,680 |
| Retail | 1.11 | 44,67,005 | 49,73,896 |
| Total | 0.22 | 2,45,68,529 | 54,79,296 |
Total Application : 40,963 (0.70 times)
TVS Supply Chain Solutions IPO Prospectus
Company Contact Information
TVS Supply Chain Solutions Limited
10 Jawahar Road,
Chokkikulam,
Madurai – 625 002
Phone: + 91 44 66857777
Email: cs.compliance@tvsscs.com
Website: https://www.tvsscs.com/
TVS Supply Chain Solutions IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: tvs.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html