TVS Supply Chain Solutions Limited IPO is set to launch on 10 August, 2023. As the name suggests the company provides supply chain management solutions for government departments, international organisations and medium sized and large sized businesses. Its services are given in two ways like Network Solutions and Integrated Supply Chain Solutions. The Network solutions includes global forwarding solutions like end to end freight forwarding, warehousing, time critical final mile solutions, distribution through ocean, land and air services, courier consignment etc. The Integrated Supply Chain Solutions includes transportation, logistics operations, supply chain consulting etc.
The company has a great client list which includes 72 Global Fortune 500 companies. It serves various segments like FMCG, Defence, Automotive, Engineering, E-commerce, Utilities, Healthcare etc.
TVS Supply Chain Solutions Limited IPO DETAILS
TVS Supply Chain Solutions Limited IPO is set to launch on 10 August, 2023. The subscription timeline extends till 14 August, 2023. The size for the IPO is 880 Crore Rs. Shares issued through fresh issue mode are worth 600 Crore Rs. Shares issued through offer for sale mode are worth Rs 280 Crore. The lot size is 76 shares and the price is 187 to 197 Rs per share. The company is going to get listed at both NSE and BSE. The face value per share is Re.1 and this is a Book Built issue. The registrar for the company is Link Intime India Private Limited.
Tabular Description of TVS Supply Chain Solutions Limited IPO
IPO OPENING DATE | 10 August, 2023 |
CLOSING DATE FOR IPO | 14 August, 2023 |
ISSUE TYPE | Book Built Issue |
Face Value per share | 1 Re. per share |
IPO price band | 187 Rs. to 197 Rs. per share |
LOT SIZE | 76 shares |
MINIMUM ORDER QUANTITY | 76 shares |
ISSUE SIZE | 880 Crore Rs. |
OFFER FOR SALE | 280 Crore Rs. |
FRESH ISSUE | 600 Crore Rs. |
LISTING AT | NSE, BSE |
LISTING DATE | 23 August, 2023 |
TVS Supply Chain Solutions Limited IPO : IMPORTANT DATES
IPO OPENING DATE | 10 August, 2023 |
CLOSING DATE FOR IPO | 14 August, 2023 |
IPO ALLOTMENT DATE | 18 August, 2023 |
REFUNDS | 21 August, 2023 |
DEMAT A/C CREDITED ON | 22 August, 2023 |
IPO LISTING DATE | 23 August, 2023 |
TVS Supply Chain Solutions Limited IPO begins for subscription from 10 August, 2023. The IPO subscription would continue till 14 August, 2023. The allotment status for the shareholders who applied would come on 18 August, 2023. The refunds for the ones who did not get allotment would be initiated on 21 August, 2023. The DEMAT accounts of shareholders would be credited on 22 August, 2023. The listing of the company would be completed on 23 August, 2023.
TVS Supply Chain Solutions Limited IPO : Lead Managers
The lead managers are :
- Axis Capital Limited
- JM Financial Limited
- BNP Paribas
- J.P. Morgan India Private Limited
- Nuvama Wealth management Limited
- Equirus Capital Private Limited
The minimum lot size for the company is decided at 76 shares. This holding accounts to 14972 Rs.. The maximum lot size is decided at 988 shares. This amounts to 194636 Rs.. Hence the company’s final holdings would be set as :
Shares | Amount | |
Minimum | 76 shares | 14972 Rs. |
Maximum | 988 shares | 194636 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
- The money will be used for repayment of borrowings.
COMPANY FINANCIALS
Particularly (in Crore Rs.) | 2020-21 | 2021-22 | 2022-23 |
ASSETS | 4990 | 5789 | 6210 |
Revenue | 6999 | 9299 | 10311 |
PAT | (-76) | (-45) | 42 |
TVS Supply Chain Solutions Limited had an asset base of 4990 Crore Rs in 2021 which increased to 5789 Crore Rs in 2022 and 6210 Crore Rs in 2023. The revenue of the firm was 6999 Crore Rs in 2021 which increased to 9299 Crore Rs in 2022 and 10311 Crore Rs in 2023. The company made a loss of 76 Crore Rs in 2021 and in 2022 the loss decreased to 45 Crore Rs. In 2023 the profit of the firm was 42 Crore Rs.
PROS
- The company offers its services in two ways like Network Solutions and Integrated Supply Chain Solutions.
- The Network solutions includes global forwarding solutions like end to end freight forwarding, warehousing, time critical final mile solutions, distribution through ocean, land and air services, courier consignment etc.
- The Integrated Supply Chain Solutions includes transportation, logistics operations, supply chain consulting etc.
- The company has a great client list which includes 72 Global Fortune 500 companies. It serves various segments like FMCG, Defence, Automotive, Engineering, E-commerce, Utilities, Healthcare etc.
CONS
- The company works in a highly competitive segment.
TVS Supply Chain Solutions Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the TVS Supply Chain Solutions Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.