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TVS Supply Chain Solutions IPO GMP, Price, Dates & Allotment Details 2023

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:

  1. Integrated supply chain solutions (“ISCS”); and
  2. 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:

  1. 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
  2. General corporate purposes

Financial Highlights (Restated)

ParticularsFY 2022-23FY 2021-22FY 2020-21FY 2019-20
Net Worth724714491511
Total Assets6,2115,7904,9905,463
Reserve & Surplus774714474493
Total Borrowings1,9901,7641,5482,160
Total Revenue10,3119,3007,0006,793
Profit After Tax42(46)(76)(248)
(Amount in ₹ Crore)

IPO details

Issue TypeBook Built Issue IPO
IPO Price₹ 187 to ₹ 197 per share
Face Value₹ 1 per share
Market Lot76 shares
Issue Size44,670,051 shares (aggregating up to ₹ 880 crores)
Fresh Issue30,456,853 shares (aggregating up to ₹ 600 crores)
Offer for Sale14,213,198 shares (aggregating up to ₹ 280 crores)
Listing AtNSE, BSE

IPO Reservation

CategoriesNo. of shares offered
QIB shares offeredNot more than 75% of the net issue
NII (HNI) shares offeredNot more than 15% of the offer
Retail shares offeredNot 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 DateAugust 10, 2023,
Closing DateAugust 14, 2023
Basis of AllotmentAugust 18, 2023
Initiation of RefundsAugust 21, 2023
A credit of shares to Demat A/cAugust 22, 2023
Listing DateAugust 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.

ApplicationsLotsSharesAmount 
Retail (Minimum)176₹ 14,972
Retail (Maximum)13988₹ 194,636
S-HNI (Minimum)141,064₹ 209,608
S-HNI (Maximum)665,016₹ 988,152
B-HNI (Minimum)675,092₹ 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 Holdings46.65%
Post-issue Shares Holdings41.60%

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
Company Contact InformationTVS Supply Chain Solutions Limited
10 Jawahar Road, Chokkikulam, Madurai – 625 002
Phone: + 91 44 66857777
Email: [email protected]
Website: https://www.tvsscs.com/
IPO RegistrarLink Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
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

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.

The TVS Supply Chain Solutions IPO shares listing date is August 23, 2023.

The investors’ portion for QIB is 75% of the Net offers, NII (HNI) is 15%, and retail is 10% of the offer.

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