TVS Supply Chain Solutions IPO GMP, Price, Dates & Allotment Details 2023
Introduction
The TVS Supply Chain Solutions IPO will open on August 10 and close on August 14, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 880 crores through this public issue.
TVS Supply Chain Solutions Limited (“the Company”)
TVS Supply Chain Solutions Limited was incorporated in 2004. It is among India’s largest and fastest-growing integrated supply chain solutions providers in terms of revenues in Fiscal 2022, according to the Redseer Report. The company is an India-based multinational company that pioneered the development of the supply chain solutions market in India, according to the Redseer Report.
They were promoted by the erstwhile TVS Group, one of the most reputed business groups in India (Source: Redseer Report), and are now part of the TVS Mobility Group.
For more than 16 years, they have managed large and complex supply chains across multiple industries in India and select global markets through customized tech-enabled solutions. During this period, the company has grown significantly.
TVS Supply Chain Solutions Limited’s solutions spanning the entire value chain from sourcing to consumption can be divided into two segments:
- Integrated supply chain solutions (“ISCS”); and
- Network Solutions (“NS”)
Noteworthy Highlight
- Globally, the company provided supply chain solutions to 10,531 and 8,115 customers during Fiscal 2022 and the nine-month period ended December 31, 2022, respectively, while in India, it provided its solutions to 1,044 and 733 customers, respectively, in the same periods.
- Moreover, in the nine-month period ended December 31, 2022, its global customers included 72 ‘Fortune Global 500 2022’ companies, while its Indian customers included 25 ‘Fortune Global 500 2022’ companies.
Objects of the Issue,
The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company and subsidiaries, TVS LI UK and TVS SCS Singapore; and
- General corporate purposes
Financial Highlights (Restated)
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 724 | 714 | 491 | 511 |
| Total Assets | 6,211 | 5,790 | 4,990 | 5,463 |
| Reserve & Surplus | 774 | 714 | 474 | 493 |
| Total Borrowings | 1,990 | 1,764 | 1,548 | 2,160 |
| Total Revenue | 10,311 | 9,300 | 7,000 | 6,793 |
| Profit After Tax | 42 | (46) | (76) | (248) |
IPO details
| Issue Type | Book Built Issue IPO |
| IPO Price | ₹ 187 to ₹ 197 per share |
| Face Value | ₹ 1 per share |
| Market Lot | 76 shares |
| Issue Size | 44,670,051 shares (aggregating up to ₹ 880 crores) |
| Fresh Issue | 30,456,853 shares (aggregating up to ₹ 600 crores) |
| Offer for Sale | 14,213,198 shares (aggregating up to ₹ 280 crores) |
| Listing At | NSE, BSE |
IPO Reservation
| Categories | No. of shares offered |
|---|---|
| QIB shares offered | Not more than 75% of the net issue |
| NII (HNI) shares offered | Not more than 15% of the offer |
| Retail shares offered | Not more than 10% of the offer |
GMP: TVS Supply Chain Solutions IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: TVS Supply Chain Solutions IPO
The issue opens for subscription on August 10, 2023, and closes for subscription on August 14, 2023 (both days inclusive). The basis of allotment will be finalised on August 18, 2023, and the refunds will be initiated on August 21, 2023. In addition, the demat credits are expected to happen on August 22, 2023, and the stock will be listed on the NSE and BSE on August 23, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | August 10, 2023, |
| Closing Date | August 14, 2023 |
| Basis of Allotment | August 18, 2023 |
| Initiation of Refunds | August 21, 2023 |
| A credit of shares to Demat A/c | August 22, 2023 |
| Listing Date | August 23, 2023 |
Lot Size
The lot size of the TVS Supply Chain Solutions IPO is 76 shares. A retail-individual investor can apply for up to 13 lots, i.e. 988 shares of ₹ 194,636.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 76 | ₹ 14,972 |
| Retail (Maximum) | 13 | 988 | ₹ 194,636 |
| S-HNI (Minimum) | 14 | 1,064 | ₹ 209,608 |
| S-HNI (Maximum) | 66 | 5,016 | ₹ 988,152 |
| B-HNI (Minimum) | 67 | 5,092 | ₹ 1,003,124 |
Promoters Holdings
TVS Mobility Private Limited, T.S. Rajam Rubbers Private Limited and Dhinrama Mobility Solution Private Limited are the promoters of the company.
| Pre-issue Shares Holdings | 46.65% |
| Post-issue Shares Holdings | 41.60% |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP |
| Company Contact Information | 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/ |
| IPO Registrar | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: tvs.ipo@linkintime.co.in Website: https://linkintime.co.in/mipo/ipoallotment.html |
| IPO Lead Manager(s) | JM Financial Limited Axis Capital Limited J.P. Morgan India Private Limited BNP Paribas Equirus Capital Private Limited Nuvama Wealth Management Limited |
FAQs
When will the TVS Supply Chain Solutions IPO allotment be available?
The finalisation of the basis of allotment for the TVS Supply Chain Solutions IPO will be done on August 18, 2023, and the allotted shares will be credited to your demat account by August 22, 2023. Check the TVS Supply Chain Solutions IPO allotment status.
When will the TVS Supply Chain Solutions IPO list on exchanges?
The TVS Supply Chain Solutions IPO shares listing date is August 23, 2023.
How many TVS Supply Chain Solutions IPO Offer shares are reserved for HNIs and retail investors?
The investors’ portion for QIB is 75% of the Net offers, NII (HNI) is 15%, and retail is 10% of the offer.
