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TVS Supply Chain Solutions IPO is a book built issue of Rs 880.00 crores. The issue is a combination of fresh issue of 3.05 crore shares aggregating to Rs 600.00 crores and offer for sale of 1.42 crore shares aggregating to Rs 280.00 crores.
TVS Supply Chain Solutions IPO bidding started from August 10, 2023 and ended on August 14, 2023. The allotment for TVS Supply Chain Solutions IPO was finalized on Friday, August 18, 2023. The shares got listed on BSE, NSE on August 23, 2023.
TVS Supply Chain Solutions IPO price band is set at ₹187 to ₹197 per share. The minimum lot size for an application is 76 Shares. The minimum amount of investment required by retail investors is ₹14,972. The minimum lot size investment for sNII is 14 lots (1,064 shares), amounting to ₹209,608, and for bNII, it is 67 lots (5,092 shares), amounting to ₹1,003,124.
Jm Financial Limited, Axis Capital Limited, J.P. Morgan India Private Limited, Bnp Paribas, Equirus Capital Private Limited and Nuvama Wealth Management Limited are the book running lead managers of the TVS Supply Chain Solutions IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to TVS Supply Chain Solutions IPO RHP for detailed information.
| IPO Date | August 10, 2023 to August 14, 2023 |
| Listing Date | August 23, 2023 |
| Face Value | ₹1 per share |
| Price Band | ₹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 offers 44,670,051 shares. 13,401,016 (30.00%) to QIB, 6,700,507 (15.00%) to NII, 4,467,005 (10.00%) to RII 20,101,522 (45.00%) to Anchor investors. 58,776 RIIs will receive minimum 76 shares and 2,099 (sNII) and 4,198 (bNII) will receive minimum 1,064 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 20,101,522 (45.00%) | NA |
| QIB Shares Offered | 13,401,016 (30.00%) | NA |
| NII (HNI) Shares Offered | 6,700,507 (15.00%) | |
| bNII > ₹10L | 4,467,004 (10.00%) | 4,198 |
| sNII < ₹10L | 2,233,503 (5.00%) | 2,099 |
| Retail Shares Offered | 4,467,005 (10.00%) | 58,776 |
| Total Shares Offered | 44,670,051 (100%) |
TVS Supply Chain Solutions IPO raises Rs 396.00 crore from anchor investors. TVS Supply Chain Solutions IPO Anchor bid date is August 9, 2023. TVS Supply Chain Solutions IPO Anchor Investors list
| Bid Date | August 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) | September 17, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 16, 2023 |
TVS Supply Chain Solutions IPO opens on August 10, 2023, and closes on August 14, 2023.
| IPO Open Date | Thursday, August 10, 2023 |
| IPO Close Date | Monday, August 14, 2023 |
| Basis of Allotment | Friday, August 18, 2023 |
| Initiation of Refunds | Monday, August 21, 2023 |
| Credit of Shares to Demat | Tuesday, August 22, 2023 |
| Listing Date | Wednesday, August 23, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 14, 2023 |
Investors can bid for a minimum of 76 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 Mobility Private Limited, T.S. Rajam Rubbers Private Limited and Dhinrama Mobility Solution Private Limited are the company promoters.
| Share Holding Pre Issue | 46.65% |
| Share Holding Post Issue | 41.6% |
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:
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.
| 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 |
The market capitalization of TVS Supply Chain Solutions IPO is Rs 8746 Cr.
| KPI | Values |
|---|---|
| ROE | 5.50% |
| ROCE | 7.64% |
| RoNW | 5.50% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 1.04 | |
| P/E (x) | 189.42 |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[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...
The TVS Supply Chain Solutions IPO is subscribed 2.85 times on August 14, 2023 7:02:00 PM. The public issue subscribed 7.89 times in the retail category, 1.37 times in the QIB category, and 2.44 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 1.37 |
| NII | 2.44 |
| bNII (bids above ₹10L) | 2.39 |
| sNII (bids below ₹10L) | 2.55 |
| Retail | 7.89 |
| Total | 2.85 |
Total Application : 365,026 (6.21 times)
| Listing Date | August 23, 2023 |
| BSE Script Code | 543965 |
| NSE Symbol | TVSSCS |
| ISIN | INE395N01027 |
| Final Issue Price | ₹197 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹197.00 |
| ₹206.30 |
| ₹199.00 |
| ₹208.50 |
| ₹200.95 |
| NSE |
|---|
| ₹197.00 |
| ₹207.05 |
| ₹199.00 |
| ₹208.60 |
| ₹201.00 |
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/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: tvs.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Lead Manager Reports
TVS Supply Chain Solutions IPO is a main-board IPO of 44,670,051 equity shares of the face value of ₹1 aggregating up to ₹880.00 Crores. The issue is priced at ₹187 to ₹197 per share. The minimum order quantity is 76 Shares.
The IPO opens on August 10, 2023, and closes on August 14, 2023.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in TVS Supply Chain Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in TVS Supply Chain Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in TVS Supply Chain Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The TVS Supply Chain Solutions IPO opens on August 10, 2023 and closes on August 14, 2023.
TVS Supply Chain Solutions IPO lot size is 76 Shares, and the minimum amount required is ₹14,972.
You can apply in TVS Supply Chain Solutions IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for TVS Supply Chain Solutions IPO will be done on Friday, August 18, 2023, and the allotted shares will be credited to your demat account by Tuesday, August 22, 2023. Check the TVS Supply Chain Solutions IPO allotment status.
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