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: Integrated supply chain solutions (ISCS) and Network Solutions (NS).
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.
The company intends to utilize the net proceeds from the issue towards the funding of 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.
| IPO Opening Date | Aug 10, 2023 |
|---|---|
| IPO Closing Date | Aug 14, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹1 per share |
| IPO Price | ₹187 to ₹197 per share |
| Market Lot | 76 Shares |
| Min Order Quantity | 76 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] shares (aggregating up to ₹880.00 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹600.00 Cr) |
| Offer for Sale | 14,213,198 shares of ₹1 (aggregating up to ₹[.] Cr) |
| Share holding pre issue | 406,953,160 |
| QIB Shares Offered | Not less than 75.00% of the Net offer |
| NII (HNI) Shares Offered | Not more than 15.00% of the Offer |
| Retail Shares Offered | Not more than 10.00% of the Offer |
| Basis of Allotment Date | 18 August 2023 |
|---|---|
| Initiation of Refunds | 21 August 2023 |
| Credit of Shares to Demat Account | 22 August 2023 |
| IPO Listing Date | 23 August 2023 |
The minimum lot size of this TVS Supply Chain Solutions IPO is 76 shares required is ₹14,972.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 76 | ₹14,972 |
| Retail (Max) | 13 | 988 | ₹194,636 |
| S-HNI (Min) | 14 | 1,064 | ₹209,608 |
| S-HNI (Max) | 66 | 5,016 | ₹988,152 |
| B-HNI (Min) | 67 | 5,092 | ₹1,003,124 |
TVS Supply Chain Solutions IPO is a main-board IPO of [.] equity shares of the face value of ₹1 aggregating up to ₹880.00 Crores. The issue is priced at ₹187 to ₹197 per share. The minimum order quantity is 76 Shares.
The IPO opens on Aug 10, 2023, and closes on Aug 14, 2023.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The TVS Supply Chain Solutions IPO opens on Aug 10, 2023 and closes on Aug 14, 2023.
TVS Supply Chain Solutions IPO lot size is 76 Shares, and the minimum amount required is ₹14,972.
You can apply in TVS Supply Chain Solutions IPO online using either UPI or ASBA as 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.
The finalization of Basis of Allotment for TVS Supply Chain Solutions IPO will be done on Friday, 18 August 2023, and the allotted shares will be credited to your demat account by Tuesday, 22 August 2023.
Check the IPO allotment status.
The TVS Supply Chain Solutions IPO listing date is 23 August 2023.
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