Bookbuilding IPO | ₹880 Cr | Listed at BSE, NSE | Thu, Aug 10, 2023 - Mon, Aug 14, 2023
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 per share. The lot size for an application is 76. The minimum amount of investment required by an retail is ₹14,972 (76 shares) (based on upper price). 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 Open
Thu, Aug 10, 2023
IPO Close
Mon, Aug 14, 2023
Issue Price
₹197 per share
Market Cap (Pre-IPO)
₹8,746.00 Cr
| IPO Date | 10 to 14 Aug, 2023 |
| Listed on | Wed, Aug 23, 2023 |
| Face Value | ₹1 per share |
| Price Band | ₹187 to ₹197 |
| Issue Price | ₹197 per share |
| Lot Size | 76 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 4,46,70,050 shares (agg. up to ₹880 Cr) |
| Fresh Issue | 3,04,56,852 shares (agg. up to ₹600 Cr) |
| Offer for Sale | 1,42,13,198 shares of ₹1 (agg. up to ₹280 Cr) |
| Share Holding Post Issue | 43,74,10,013 shares |
| BSE Script Code / NSE Symbol | 543965 / TVSSCS |
| ISIN | INE395N01027 |
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 (Ex- Anchor), 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 | Max 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%) |
Investors can bid for a minimum of 76 shares and in multiples thereof.
| 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 |
TVS Supply Chain Solutions IPO raises ₹396.00 crore from anchor investors. TVS Supply Chain Solutions IPO Anchor bid date is August 9, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Aug 9, 2023 |
| Shares Offered | 2,01,01,522 |
| Anchor Portion (₹ Cr.) | 396.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Sep 17, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Nov 16, 2023 |
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 2023 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 6,210.92 | 5,789.73 | 4,990.06 | 5,462.92 |
| Total Income | 10,311.01 | 9,299.94 | 6,999.69 | 6,792.76 |
| Profit After Tax | 41.76 | -45.80 | -76.34 | -248.00 |
| NET Worth | 723.55 | 714.00 | 490.69 | 510.80 |
| Reserves and Surplus | 774.19 | 713.76 | 473.94 | 493.35 |
| Total Borrowing | 1,989.62 | 1,763.78 | 1,547.92 | 2,160.12 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company and the Subsidiary, TVS LI UK | 525.00 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.04 | |
| P/E (x) | 189.42 | |
| Promoter Holding | 46.65% | 41.6% |
| Market Cap | ₹8,746.00 Cr. |
The TVS Supply Chain Solutions IPO is subscribed 2.85 times on August 14, 2023 7:02:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 1.37 | 1,34,01,016 | 1,83,33,632 |
| NII | 2.44 | 67,00,507 | 1,63,50,564 |
| bNII (bids above ₹10L) | 2.39 | 44,67,004 | 1,06,56,872 |
| sNII (bids below ₹10L) | 2.55 | 22,33,503 | 56,93,692 |
| Retail | 7.89 | 44,67,005 | 3,52,30,940 |
| Total | 2.85 | 2,45,68,529 | 6,99,15,136 |
Total Application : 3,65,026
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs and commissions (including underwriting commission, brokerage and selling commission) | 32.16 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank(s) and Bankers to the Offer and fee payable to the Sponsor Bank for Bids made by RIBs. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, CRTAs and CDPs(1)(2)(3)(4) | 3.38 |
| 3 | Advertising and marketing expenses | 9.14 |
| 4 | Fee payable to auditors, consultants and market research firms | 29.96 |
| 5 | Fees to regulators, including Stock Exchanges | 1.15 |
| 6 | Others (i) Listing fees, SEBI and NSE processing fees, book building software fees and other regulatory expenses; (ii) Printing and distribution of stationery; (iii) Fees payable to legal counsel; and (iv) Miscellaneous. | 27.19 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹197.00 | ₹197.00 |
| Open | ₹206.30 | ₹207.05 |
| Low | ₹199.00 | ₹199.00 |
| High | ₹208.50 | ₹208.60 |
| Last Trade | ₹200.95 | ₹201.00 |
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 Crores. The issue is priced at ₹197 per share. The minimum order quantity is 76.
The IPO opens on Thu, Aug 10, 2023, and closes on Mon, Aug 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 Thu, Aug 10, 2023 and closes on Mon, Aug 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 Tue, Aug 22, 2023. Check the TVS Supply Chain Solutions IPO allotment status.
The TVS Supply Chain Solutions IPO listing date is on Wed, Aug 23, 2023.
