TVS supply chain IPO Date fixed to open for subscription from Aug 10, 2023 to Aug 14, 2023. The company filed the draft Red Herring Prospectus (DRHP) with SEBI on February 10, 2022, in preparation for an initial public offering (IPO). The IPO consists of an offer for the sale of 14,213,198 shares with a face value of ₹1 equity shares and a fresh issue of ₹880 crore.
Each equity share has a face value of INR 1. In the offer for sale (OFS), the promoter and investor are selling some of their stake in the company. TVS Mobility Private Limited, and Omega TC Holdings Pte. Ltd, Mahogany Singapore Company Pte. Ltd, DRSR Logistics Services, and S Ravichandran S. are selling their stake in the OFS.
TVS supply chain IPO Date Price Details
| TVS Supply Chain IPO Details | TVS supply chain IPO Date, Price and other details |
| TVS supply chain IPO Date | Aug 10, 2023 to Aug 14, 2023 |
| tvs supply chain ipo price band | ₹187 to ₹197 per share |
| TVS SCS IPO Allotment date | 18 August 2023 |
| Refunds Initiation date | 21 August 2023 |
| Credit of Shares to Demat Account | 22 August 2023 |
| TVS SCS IPO Listing Date | 23 August 2023 |
| TVS supply chain IPO Total Issue Size | ₹880 Crore |
| TVS SCS IPO Fresh Issue | ₹600 Crore |
| TVS SCS IPO Offer for Sale | 14,213,198 shares of ₹1 |
| Equity Shares outstanding prior to the Offer | 406,953,160 Equity Shares |
| Minimum bid (lot size) For retail investor | 1 lot of 76 share Total investment of ₹14972 |
| Face Value | INR 1 per share |
| Listing on | BSE & NSE |
TVS Supply Chain Solutions IPO – Business Description
TVS Supply Chain Solutions (TVS SCS) is one of the largest companies under the TVS fold. The company offers end-to-end supply chain services from Sourcing and procurement, integrated transportation, Logistics Operation Centre, and In-Plant Logistics, to Finished Goods and After Market Fulfilment.
The company also offers Network Solutions which include managing end-to-end freight forwarding and distribution across the ocean, air, and land, warehousing, and at-port storage.
Major Customers of TVS Supply Chain Solution
- India’s largest and fastest-growing integrated supply chain solutions providers in terms of revenues in Fiscal 2021
- The company supplies spare parts and components to clients in the automotive, defense, and utility sectors in the US, the UK, and Europe.
- A few major long-term clients are named Mahindra & Mahindra Limited, Sony India Private Limited, Hyundai Motor India Limited, Johnson Controls-Hitachi Air Conditioning India, etc.
- The company expanding its presence across the globe through acquisition. Over the last 15 years, the brand has completed more than 20 acquisitions.
- TVS SCS presently operates in more than 25 nations and has provided services to more than 60 Fortune 500 firms and serves 8,956 customers globally.
TVS Supply Chain Solutions Founders and Leadership team
Mr. Mahalingam Sethuraman is the Chairman and Independent Director of the Company.
Mr. Ramachandhran Dinesh is the Executive Vice Chairman of the company. He has broad experience in the auto retail services, digitization, and logistics industries.
Mr. Ravi Viswanathan is the Managing Director of the company. He has approximately 33 years of experience in the technology industry. He has been part of the Executive Council of NASSCOM.
TVS Supply Chain Solutions Company Profile
Total income has also gone up from INR 67,927.62 million in FY 2020 to INR 69,996.91 million in FY 2021 and it reached INR 92,999.36 million by FY2022. The revenue from the operation has increased from INR 66,045.49 million in FY2020 to INR 92,497.86 million in FY2022. The company still incurring losses over the years. The Restated loss for FY2020 was INR 2,480.02 million which was reduced to INR 458 million in 2022. However, the company has been generating positive net cash flow from operating activities of INR 1,903.02 million in FY2020 which has gone up to INR 6,012.87 million in FY2022.
TVS Supply Chain IPO Details – Financial Snapshot
| All amounts in INR Million (Year ended March 31) | 2020 | 2021 | 2022 |
| Revenue Operation | 66,045.49 | 69,335.98 | 92,497.86 |
| Total Income | 67,927.62 | 69,996.91 | 92,999.36 |
| Adjusted EBITDA (₹ million) | 2,958.22 | 4,423.38 | 6,670.93 |
| Restated Profit After Tax | (2,480.02) | (763.44) | (458.00) |
| Earnings Per equity Share-Diluted | (6.00) | (2.26) | (1.44) |
| Net Cash from Operating Activities | 1,903.02 | 7,121.27 | 6,012.87 |
| Debt/Equity Ratio | 3.66 | 2.92 | 2.34 |
| Return on Net Worth % | (37.65) | (15.15) | (6.88) |
| ROCE (%) | (3.99) | (4.56) | 6.65 |
| Net asset value per Equity Share (in ₹) | 15.93 | 14.89 | 20.96 |
TVS SCS IPO – Objects of the Issue
The company is raising Rs 880 crore from TVS SCS IPO, planning to be a debt-free company post IPO. This IPO will make the TVS SCS brand even more visible and powerful and will help it in business growth.
The net proceeds to pay for the following things:
- The company is planning to prepay or repay outstanding borrowings to make itself a debt-free company. About ₹525 crore will be utilized for this purpose.
- Rest of the amount will be used for general corporate purposes
Should I Invest in TVS Supply Chain Solutions IPO?
- Strong brand name with a presence in 25 countries in Europe, the United Kingdom, Asia-Pacific, and North America.
- Diversified revenues in terms of customers, geographies, and industries.
- Strong parentage with the management team having cross-industry experience.
- The supply chain solution industry is to grow at a CAGR of 7% CAGR from Fiscal 2021 to Fiscal 2026.
- Strong demand from the manufacturing sector led by the “Make in India” campaign, consumer spending, urbanization, and a favorable regulatory environment.
- Increasing favorable policy support for developing supply chain services (for example, PM Gati Shakti, and National Logistics Policy (NLP).
- Though the loss of the company has decreased over the years, the company is yet to register profit.
- I would wait to invest in the company till it makes a profit.
TVS supply chain IPO Lead Managers and Contact
| Contact Details | Lead Managers |
| No.58, Eldams road, Teynampet, Chennai – 600 018, Tamil Nadu, India Tel: + 91 44 6685 7777; E-mail: cs.compliance@tvsscs.com Website: www.tvsscs.com | 1. JM Financial Limited 2. Axis Capital Limited 3. J. P. Morgan India Private Limited |
TVS Supply Chain IPO Allotment Status
TVS Supply Chain IPO allotment status will be available on Link intime Limited website. To know your allotment status, get ready with your PAN number and click on this link. You may also reach out to E-mail: Signatureglobal.ipo@linkintime.co.in, Tel: +91 22 4918 6200.
TVS Supply Chain IPO GMP
| Date | TVS Supply Chain IPO GMP | IPO Price |
| 09-08-2023 | Rs 22 | Rs 197 |
Grey Market is an unregulated market where the upcoming IPO applications and IPO shares trade before listing of the stock. An investor may get an idea of the IPO GMP just to understand the post listing position of the IPO share. Thia may be used to estimate the listing gain on the IPO share. GMP or Grey Market Premium adding to issue price gives the estimated listing price of the IPO share or the under current price of that IPO. This should not be treated as a criteria to value or decide a company for the IPO to invest in.
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