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TVS Supply Chain Solutions IPO is a book build issue of ₹880.00 crores. The issue is a combination of fresh issue of 3.05 crore shares aggregating to ₹600.00 crores and offer for sale of 1.42 crore shares aggregating to ₹280.00 crores.
TVS Supply Chain Solutions IPO bidding started from Aug 10, 2023 and ended on Aug 14, 2023. The allotment for TVS Supply Chain Solutions IPO was finalized on Aug 18, 2023. The shares got listed on BSE, NSE on Aug 23, 2023.
TVS Supply Chain Solutions IPO price band is set at ₹197.00 per share . The lot size for an application is 76. The minimum amount of investment required by an retail is ₹14,212 (76 shares). The lot size investment for sNII is 14 lots (1,064 shares), amounting to ₹2,09,608, and for bNII, it is 67 lots (5,092 shares), amounting to ₹10,03,124.
JM Financial Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of 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 |
| Issue Price Band | ₹187 to ₹197 per share |
| Issue Price Final | ₹197 per share |
| Lot Size | 76 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 4,46,70,050 shares (aggregating up to ₹880.00 Cr) |
| Fresh Issue | 3,04,56,852 shares (aggregating up to ₹600.00 Cr) |
| Offer for Sale | 1,42,13,198 shares of ₹1 (aggregating up to ₹280.00 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Post Issue | 43,74,10,013 shares |
TVS Supply Chain Solutions IPO offers total 4,46,70,050 shares. Out of which 3,35,02,538 (75.00%) allocated to QIB, 1,34,01,016 (30.00%) allocated to QIB, 67,00,507 (15.00%) allocated to NII, 44,67,005 (10.00%) allocated to RII and 2,01,01,522 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 3,35,02,538 (75.00%) | NA |
| − Anchor Investor Shares Offered | 2,01,01,522 (45.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 1,34,01,016 (30.00%) | NA |
| NII (HNI) Shares Offered | 67,00,507 (15.00%) | NA |
| − bNII > ₹10L | 44,67,004 (10.00%) | 4,198 |
| − sNII < ₹10L | 22,33,503 (5.00%) | 2,099 |
| Retail Shares Offered | 44,67,005 (10.00%) | 58,776 |
| Total Shares Offered | 4,46,70,050 (100.00%) |
TVS Supply Chain Solutions IPO raises ₹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 | 2,01,01,522 |
| 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 | Thu, Aug 10, 2023 |
| IPO Close Date | Mon, Aug 14, 2023 |
| Tentative Allotment | Fri, Aug 18, 2023 |
| Initiation of Refunds | Mon, Aug 21, 2023 |
| Credit of Shares to Demat | Tue, Aug 22, 2023 |
| Tentative Listing Date | Wed, Aug 23, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Aug 14, 2023 |
Investors can bid for a minimum of 76 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 76 | ₹14,972 |
| Retail (Max) | 13 | 988 | ₹1,94,636 |
| S-HNI (Min) | 14 | 1,064 | ₹2,09,608 |
| S-HNI (Max) | 66 | 5,016 | ₹9,88,152 |
| B-HNI (Min) | 67 | 5,092 | ₹10,03,124 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 |
| Total Income | 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 ₹8746.00 Cr.
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...
| Listing Date | August 23, 2023 |
| BSE Script Code | 543965 |
| NSE Symbol | TVSSCS |
| ISIN | INE395N01027 |
| Final Issue Price | ₹197 per share |
TVS Supply Chain Solutions Ltd.
10 Jawahar Road,
Chokkikulam,
Madurai – 625 002
Madurai, Tamil Nadu
Phone: + 91 44 66857777
Email: cs.compliance@tvsscs.com
Website: https://www.tvsscs.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: tvs.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
TVS Supply Chain Solutions IPO is a main-board IPO of 4,46,70,050 equity shares of the face value of ₹1 aggregating up to ₹880.00 Crores. The issue is priced at ₹197 per share. The minimum order quantity is 76.
The IPO opens on August 10, 2023, and closes on August 14, 2023.
MUFG Intime India Pvt.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, and the minimum amount required for application is ₹14,972.
You can apply in TVS Supply Chain Solutions IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The TVS Supply Chain Solutions IPO listing date is on Wednesday, August 23, 2023.
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