TVS SUPPLY CHAIN SOLUTIONS LIMITED
₹ 187 - ₹ 197
10-Aug-2023 - 14-Aug-2023
₹ 14972.00

/ 76 Shares

TVS SUPPLY CHAIN SOLUTIONS LIMITED

10-Aug-2023 - 14-Aug-2023

₹ 187 - ₹ 197

Price Band

₹ 14972.00

Minimum Investment

76

Bid Lot

44,670,050

Shares

IPO Details

Fresh Issue of Equity Shares aggregating upto Rs. 600 Cr + Offer for Sale of 14,213,198 Equity Shares

Category % Shares/Amount
QIB 75% 33,502,538 Shares Rs. 660.00 Cr
HNI 1 5% 2,233,503 Shares Rs. 44.00 Cr @ 2099 Form 1x
HNI 2 10% 4,467,005 Shares Rs. 88.00 Cr @ 4198 Form 1X
Retail 10% 4,467,005 Shares Rs. 88.00 Cr @ 58776 Form 1x

BRLMs : Axis Capital, JM Financial, J.P.Morgan, BNP Paribas, Nuvama Wealth, Equirus Capital

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
58776 Form 1x 2099 Form 1x 4198 Form 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 76 ₹ 14,972
Retail (Upto 2 Lakh) 13 988 ₹ 194,636
S-HNI (2 Lakh to 10 Lakh) 14 1064 ₹ 209,608
S-HNI (2 Lakh to 10 Lakh) 66 5016 ₹ 988,152
B-HNI (Above 10 Lakh) 67 5092 ₹ 1,003,124

IPO Timeline

  • Open Date

    10-Aug-2023

  • Close Date

    14-Aug-2023

  • Basis of Allotment Date

    18-Aug-2023

  • Initiation of Refunds

    21-Aug-2023

  • Credit Shares to Demat A/c

    22-Aug-2023

  • IPO Listing Date

    23-Aug-2023

Subscription as on
15-Aug-2023 13:21

Category Book Size Subscription No. of Times
QIB 13,401,016 ₹ 264.00 Cr. 1,469,460 ₹ 28.95 Cr. 0.11x
HNI (<10 LAKH) 2,233,503 ₹ 44.00 Cr. 2,014,000 ₹ 39.68 Cr. 0.90x
HNI2 (>10 LAKH) 4,467,005 ₹ 88.00 Cr. 2,331,224 ₹ 45.93 Cr. 0.52x
RETAIL 4,467,005 ₹ 88.00 Cr. 13,240,492 ₹ 260.84 Cr. 2.96x
Total 24,568,529 19,055,176 0.78x
Category Book Size Subscription No. of Times
QIB 13,401,016 ₹ 264.00 Cr. 1,469,460 ₹ 28.95 Cr. 0.11x
HNI (<10 LAKH) 2,233,503 ₹ 44.00 Cr. 2,014,000 ₹ 39.68 Cr. 0.90x
HNI2 (>10 LAKH) 4,467,005 ₹ 88.00 Cr. 2,331,224 ₹ 45.93 Cr. 0.52x
RETAIL 4,467,005 ₹ 88.00 Cr. 13,240,492 ₹ 260.84 Cr. 2.96x
Total 24,568,529 19,055,176 0.78x

*Excluding Anchor

Total No. of Application Approx : ~116541 (1.98 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  • TVS Supply Chain Solutions Limited (“TVS SCS”) was incorporated on November 16, 2004. TVS SCS is among India’s largest and fastest growing integrated supply chain solutions provider in terms of revenues and revenue growth, respectively, in Fiscal 2023. The company was promoted by the erstwhile TVS Group, one of the reputed business groups in India and is now part of the TVS Mobility Group. 
  • The company is an Indian supply chain logistics solution provider that has global capabilities and network across the value chain with cross deployment abilities. For more than 16 years, TVS SCS has managed large and complex supply chains across multiple industries in India and select global markets through customized tech-enabled solutions. During this period, they have grown significantly. Their total income was ?10,311.01 crore in Fiscal 2023. 
  • The company’s operating segments consist of Integrated Supply Chain Solutions (ISCS) and Network Solutions (NS). The Integrated end-to-end supply chain solutions include sourcing and procurement, integrated transportation, logistics operation centres, in-plant logistics operations, finished goods and aftermarket fulfilment. In Fiscal 2023, they provided services to 412 customers in the ISCS segment. In Network Solutions (NS) they offer customers Global forwarding Solutions (“GFS”) and Time Critical Final Mile Solutions (“TCFMS”). In Fiscal 2023, they provided services to 8,376 customers in the NS segment. 
  • In line with the ‘C3 Framework’, the company has followed a systematic approach towards acquisitions by focusing on each of the ‘Cs’ (i.e. Customer, Country and Capability) and have been able to increase their customer base, enhance their capabilities and expand into newer countries. 
  • Company’s customers span across numerous industries such as automotive, industrial, consumer, tech and tech infra, rail and utilities, and healthcare. 
  • To supplement their operations, the company has made more than 20 acquisitions in the last 16 years for growth across Europe, the United Kingdom, the United States and Asia Pacific (including India).
Read More

Strengths

  • Critical scale in a fast-growing and fragmented third-party logistics market in India;
  • Leader in end-to-end solutions enabled by domain expertise, global network and knowledge base;
  • Long-term customer relationship in diversified and attractive industries through encirclement;
  • Resilient business model with multiple drivers of profitable growth;
  • Strong parentage with management team with cross industry experience.

Company Promoters

Mahalingam Sethuraman is the Chairman and Independent Director of the company. Ramachandhran Dinesh is the Promoter and Executive Vice Chairman of the company. Ravi Viswanathan is a Managing Director of the company. Sargunaraj Ravichandran is the Non-Executive Director of the company. Shobhana Ramachandran is a Non-Executive Director of the company. Ashish Kaushik is the Nominee Director of the company. Anand Kumar is the Nominee Director of the company. Gauri Kumar is the Independent Dir

Company Financials

TVS Supply Chain Solutions IPO Financial Information (Restated Consolidated)
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

Objects of the Issue

  1. 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
  2. General corporate purposes.

How to Apply

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  • Step 01 :

    Once you create your account, Login to Us.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

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  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
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  • Maximum three bids will be accepted.
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