TVS Supply Chain IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Aug 14, 2023TVS Supply Chain Solutions is a prominent part of the TVS Mobility Group. The entity operates as an integrated supply chain and logistics solution facilitator.
TVS Supply Chain Solutions filed the Draft Red Herring Prospectus on February 11, 2022.
TVS Supply Chain IPO consists of a fresh issue of equity shares worth Rs. 600 crores and an Offer for Sale of up to 14,213,198 equity shares by the promoter and other investors of the company.
TVS Supply Chain IPO Review is a comprehensive model for understanding this upcoming IPO.
| Face Value | Rs 1 |
| Price Band | Rs 187 to Rs 197 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 76 Shares |
| Listing Date | 23 August 2023 |
| Offer for Sale | Rs.280 crore |
| Fresh Issue | Rs.600 crore |
| IPO Size | Rs.880 crore |
| Tick Size | 1 |
TVS Supply Chain IPO Overview
TVS Supply Chain IPO is a combination of a fresh issue and an offer for sale. The entity has received SEBI approval to launch its IPO in the market.
Post this IPO, three of the company of TVS Group will be listed on the stock exchange.
As per the various market sources, the IPO will be around Rs. 5,000 crore in total. The entity will soon declare the IPO opening date to invite bids from the public.
Also, the company might consider a pre-IPO placement before the filing of the Red Herring Prospectus with RoC.
TVS Supply Chain IPO Important Dates
| Events | Date |
| IPO Opening Date | 10 August 2023 |
| IPO Closing Date | 14 August 2023 |
| Basis of Allotment Finalization | 18 August 2023 |
| Refunds Initiation | 21 August 2023 |
| Credit of Shares to Demat Account | 22 August 2023 |
| Share Listing Date | 23 August 2023 |
TVS Supply Chain filed the DRHP papers in February 2022 and has now received the SEBI go-ahead. The observation letter of SEBI was issued on May 4. The company will now determine and declare the TVS Supply Chain IPO Dates.
TVS Supply Chain is now making preparations toward filing the Red Herring Prospectus, and once it is finalized, the dates of the IPO will be available.
Stay connected with us to know the dates of the IPO and all other information.
TVS Supply Chain IPO Price, Size, Share Offerings
| Face Value | Rs.1 |
| Price Band | Rs 187 to Rs 197 |
| Offer for Sale | Rs.280 crore |
| Fresh Issue | Rs.600 crore |
| IPO Size | Rs.880 crore |
TVS Supply Chain IPO Size comprises a Fresh Issue of equity shares aggregating up to Rs. 600 crores and an Offer for Sale for up to 14,213,198 equity shares.
The TVS Supply Chain IPO Price will be discovered through the Book Building Process by the company and the selling shareholders in consultation with the lead managers of the issue.
The face value of the offered shares is Rs. 1 each. The equity shares offered through the Initial Public Offering will be listed on BSE and NSE.
TVS Supply Chain IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| Not Disclosed | |||
TVS Supply Chain IPO GMP is an amount paid for the company’s equity shares in the Grey Market. Grey Market Premium or GMP represents the value of shares in the Grey market.
Grey Market is an unofficial and unregulated market to trade in securities of the issuer company. The market influences the listing price.
It is an alternative marketplace for traders to trade in shares of the company whose shares will soon be listed on the stock exchange.
TVS Supply Chain IPO Subscription Status
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 10th Aug | 0.08x | 0.72x | 1.82x | 0.57x |
| 2nd Day – 11th Aug | 0.15x | 1.06x | 3.78x | 1.06x |
| 3rd Day – 14th Aug | 1.37x | 2.44x | 7.89x | 2.85x |
| Shares Offered or Net Issue | 13,401,016 | 6,700,507 | 4,467,005 | 44,670,051 |
TVS Supply Chain IPO Subscription details will be made available soon. The company has already obtained SEBI approval and will be floating the IPO in the market at the earliest.
Subscription of shares is largely based on the demand for the company’s shares. If the demand is high, the chance is high for the IPO to over-subscribe, and in other cases, it might be under-subscribed.
We will only know the results of this IPO after it is open for bids.
TVS Supply Chain IPO Allotment Status
The entity will determine the basis of the TVS Supply Chain IPO Allotment after the IPO is closed for bids. In the subscription process, investors apply to the company to seek an allotment of shares the company.
In the allotment process, the company credits the equity shares in the Demat accounts of the successful bidders. The shares are transferred in the dematerialized form.
And the investors whose applications have been rejected, their money is refunded by the company.
TVS Supply Chain IPO Live Performance
Track the TVS Supply Chain IPO Performance every day with just a single click. You can check the TVS Supply Chain IPO Price anytime here.
Subscribe to TVS Supply Chain IPO – Open Free Demat Account Now!
Latest TVS Supply Chain IPO News
TVS Supply Chain filed DRHP on February 11 and has now received approval from SEBI in early May. The IPO consists of a Fresh Issue of up to Rs. 600 crore. The fresh issue will be accompanied by an Offer for Sale for up to 5.95 crore equity shares by the promoters and shareholders of the company.
TVS Supply Chain will be the third entity to get its securities listed on the mainboard exchanges from the company group.
Therefore, TVS Supply Chain Limited is a part of TVS Mobility Group and is engaged in integrated supply-chain solutions and network solutions.
TVS Supply Chain – Company Review
The company was instituted in 2004 as TVS Logistics Services Limited, and later on, in 2018, the company changed its name from TVS Logistics Services Limited to TVS Supply Chain Solutions Limited.
The company serves enormous industries like Automotive, Defense, Rail, Telecom, Beverage, Industrial, Utilities, Financial Services, Tech and Tech Infra, Healthcare, E-commerce & Omnichannel, and Consumer (including FMCG/ FMCD)
Products or Services
TVS Supply Chain Solutions Limited is a multi-facility company that serves its customers which utmost quality and reliability. It provides its facilities in primarily two verticals – Integrated Supply Chain Solutions and Network Solutions.
Within these two segments, it offers a broad segment that includes Consultancy & Professional Services, Product Management Solutions, Manufacturing Support, Warehousing, Storage & Distribution, Integrated Packaging Solutions, Information Systems, Sourcing and Procurement, Global Forwarding Solutions, and Time Critical Final Mile Solutions.
The company has a presence in more than 25 countries presently. It provides services to more than 55 Fortune 500 companies.
Promoters and Holding
The promoters of TVS Supply Chain Solutions Limited are:
- TVS Mobility Private Limited
- S. Rajam Rubbers Private Limited
- Dhinrama Mobility Solution Private Limited
- Ramachandhran Dinesh
The management of the company comprises:
- Mahalingam Sethuraman, in the position of Chairman and Independent Director
- Ramachandhran Dinesh, in the position of Executive Vice Chairman
- Ravi Viswanathan, in the position of Managing Director
- Sargunaraj Ravichandran, in the position of Non-Executive Director
- Shobhana Ramachandhran, in the position of Non-Executive Director
- Ashish Kaushik, in the position of Nominee Director
- Chinnikrishnan Ranganathan, in the position of Independent Director
- Anand Kumar, in the position of Nominee Director
- Bobby Pauly, in the position of Nominee Director
- Gauri Kumar, in the position of Additional Independent Director
- Balasubramanyam Sriram, in the position of Additional Independent Director
- Ravi Prakash Bhagavathula, in the position of Global Chief Financial Officer
- Kameswaran Sukumar, in the position of Chief Executive Officer
- Dinesh Narayan, in the position of Global Chief Information Officer
- Ethirajan Balaji, in the position of Global Chief Human Resources Officer
- P D Krishna Prasad, in the position of Company Secretary and Compliance Officer
Is TVS Supply Chain Good for Investment?
TVS Supply Chain Solutions Limited is an Integrated Supply Chain and Network Solutions provider company. It has a presence in the international market also. The company has attained quite a several milestones in its journey.
Global Integrated Technology Systems, Value Added Services, and Technology Infrastructure have solutions for all your requirements.
The company is now gearing up to raise a whopping sum from the public through the TVS Supply Chain Solutions IPO to achieve the IPO’s objectives and improve the operations of the entity.
TVS Supply Chain Financial Statements
| Amount (in INR & Million) | |||
| 31-Mar-23 | 31-Mar-22 | Mar-21 | |
| Assets | 62,109.22 | 57,897.29 | 49,900.60 |
| Revenue | 1,03,110.10 | 92,999.36 | 69,996.91 |
| Expense | 1,02,657.26 | 92,532.20 | 71,657.88 |
| Profit After Tax | 417.61 | (448.79) | (739.04) |
TVS supply chain solutions is a part of the TVS Mobility Group. The company has established operations worldwide.
As per the DRHP, the company’s revenue in the past financial years has been 69,996.91 million in March 2021, 92,999.36 million in March 202, and 1,03,110.10 million in March 2023.
Though TVS supply chain solutions show engrossing income in the financial statements, its net results depict an opposite scenario. The company has incurred year-on-year loss in the past two financial years, and it continues even in the financial year 2021-22.
The profit/ (loss) of the company for the years 2021, 2022, and 2023 were – (739.04) million, (448.79) million, and 417.61 million.
| Earnings per Equity Share (in Million) | |||
| 31-Mar-23 | 31-Mar-22 | Mar-21 | |
| Basic & Diluted | 1.04 | (1.41) | (2.18) |
Along with the profit, the company’s EPS is also diving down. As of March 31, 2023, the EPS of TVS supply chain solutions was Rs. 1.04.
TVS Supply Chain IPO Review
The TVS Supply Chain Solutions IPO is a combination of a Fresh Share and an Offer for Sale. TVS Mobility Private Limited, Omega TC Holdings Pte. Ltd., Mahogany Singapore Company Pte. Ltd., DRSR Logistics Services Private Limited, and S Ravichandran S will be the participating investors of the company.
They will be offloading their shares in the Offer for Sale. TVS Supply Chain Solutions is primarily raising funds to repay the company’s outstanding debt.
In addition to that, the company will also be utilizing the proceeds towards purchasing minority stakes and the capitalization of its subsidiaries. The remaining funds will be put towards harnessing the Inorganic growth initiatives.
TVS Supply Chain IPO Details
Here are a few more details you need to know before investing in TVS Supply Chain IPO –
TVS Supply Chain IPO Issue Object
Thus, TVS Supply Chain has proposed diverse objectives for making the IPO offer and some of the objectives are:
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company and our Subsidiaries, TVS LI UK and TVS SCS Singapore;
- Purchasing minority stake from existing shareholders of our Subsidiary, Rico Logistics Limited, UK;
- Capitalisation of strategically important step-down Subsidiaries being TVS SCS Germany, TVS LI USA and TLM Thailand;
- Inorganic growth initiatives and general corporate purposes;
TVS Supply Chain IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- 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;
- Robust in-house technology differentiation;
- Long and consistent track record of successful integration of acquisitions to support capabilities and customer acquisition;
- Long-term customer relationships in diversified and attractive industries through encirclement;
- A resilient business model with multiple drivers of profitable growth; and
- Strong parentage with a management team with cross-industry experience
Quantitative factors are:
| Basic EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 1.04 | 5.50 | 18.89 |
| 31-Mar-22 | (1.44) | (6.88) | – |
| Mar-21 | (2.26) | (15.15) | – |
TVS Supply Chain IPO Lead Managers
Here is the list of Lead managers –
- JM Financial Limited
- Axis Capital Limited
- J. P. Morgan India Private Limited
- BNP Pariba
- Edelweiss Financial Services Limited
- Equirus Capital Private Limited
TVS Supply Chain IPO Registrar to offer
Check out the details of the registrar here –
Link Intime India Private Limited
C 101, 247 Park
L.B.S. Marg, Vikhroli (West)
Mumbai – 400 083, Maharashtra, India
Tel.: +91 22 4918 6200
E-mail: tvs.ipo@linkintime.co.in
Investor Grievance Email: tvs.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration No.:INR000004058
TVS Supply Chain IPO – Other Details
- Statutory Auditor – S.R. Batliboi & Associates LLP
- Legal Counsel to the Company – Khaitan & Co
- Bankers to the Company – Axis Bank Limited, DBS Bank India Limited, HDFC Bank Limited, Standard Chartered Bank and State Bank of India
TVS Supply Chain IPO Verdict by Stock Brokers
Angel One – Over the years, TVS Supply Chain Solutions has grown to become a fully integrated supply chain and logistics solutions provider providing its services worldwide. Its business is quite diversified, with operations in many countries in Europe, Asia, and America and across various sectors.
The company has raised $317 million in its last six funds rounds since 2019.
TVS Supply Chain IPO – Conclusion
Thus, TVS Supply Chain Solutions Limited is an outlet of a reliable and trusted group that has upheld its presence in the industry for years. The entity is in the logistics and supply chain segments and operates overseas also.
Presently, TVS Supply Chain Solutions is in debt, its financial outcomes for the years are negative, and the company is trying a way out through this IPO.
Currently, it is not in a favourable state, and a major reason is the circumstances and restrictions holding back the operations.
Investors can resolve to invest in the IPO after evaluating all the growth and risk aspects associated with the IPO.
To Subscribe to TVS Supply Chain IPO – Open Demat Account Now!
TVS Supply Chain IPO Review FAQs
Check out the FAQs on TVS Supply Chain IPO –
What is the Issue Size of TVS Supply Chain IPO?
The Company is making an initial public offer of 44,670,051 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of TVS Supply IPO?
The price band for this particular IPO ranges between Rs 187 to Rs 197. As far as the face value of the share is of concern, it is Rs.1 per share.
What is the TVS Supply Chain IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on 10 August 2023, while the closing date is set at 14 August 2023.
What is the TVS Supply IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on 18 August 2023, refund initiation is on 21 August 2023, credit of shares is on 22 August 2023, and share listing date is on 23 August 2023.
What is the TVS Supply Chain IPO Listing Date?
Shares of this company shall be listed in the exchanges on 23 August 2023. The date, when the listing would be done, is stagnant on 23 August 2023.
Who is the Registrar of TVS Supply IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. LINK INTIME INDIA PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of TVS Supply IPO?
Here are the promoters of this IPO -: TVS MOBILITY PRIVATE LIMITED, T.S. RAJAM RUBBERS PRIVATE LIMITED, DHINRAMA MOBILITY SOLUTION PRIVATE LIMITED AND RAMACHANDHRAN DINESH. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of TVS Supply Chain IPO?
They have obtained the GMP of this IPO and it is NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is TVS Supply IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years.
You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of TVS Supply Chain Company?
We have the information on company financials, and according to that, we have the figures from the last few years to provide. PAT for the financial year 2023 in Million is 417.61, 2022 is (448.79), 2021 is (739.04).
Featured Topics