TVS Supply Chain Solutions files DRHP with SEBI for the proposed IPO; Key Details here

TVS Supply Chain Solutions is into Logistics Supply Chain Solutions and is looking raise funds through Fresh Issue and Offer for Sale

TVS Supply Chain Solutions to raise around Rs 866 crores through public issue IPO

TVS Supply Chain Solutions IPO: TVS Supply Chain Solutions Limited has filed Draft Red Herring Prospectus (DRHP) for proposed initial public offer (IPO) and raise funds through an offer of equity share capital having face value of Rs. 1 per share via initial public offering.

Initial Public Offer comprising of a Fresh Issue aggregating up to Rs. 6,000 million and an Offer for Sale up to 14,213,198 Equity Shares. JM Financial Limited, Axis Capital Limited, J. P. Morgan India Private Limited, BNP Paribas, Nuvama Wealth Management Limited, Equirus Capital Private Limited have been appointed as lead merchant bankers for the proposed IPO. It has appointed Link Intime India Pvt. Ltd. as Registrar and Share transfer Agent. Company is yet to finalize issue size and some other important details relating to the IPO.

Details about upcoming IPO: As per the details available in DRHP, fundraising will consist of an Fresh Issue aggregating Rs. 600 Crs and offer-for-sale (OFS) of up to 14213198 equity shares by Omega TC Holdings Pte. Ltd, Tata Capital Financial Services Limited, Sargunaraj Ravichandran, Andrew Jones, Ramalingam Shankar, Ethirajan Balaji, Dinesh Narayan, TVS Motor Company Limited, Kotak Special Situations Fundw, P D Krishna Prasad, Nagesh Nagarajan, Venugopal Murali who will offload up to 10,734,565 equity shares, up to 984,823 equity shares, up to 580,380 equity shares, up to 400,020 equity shares, up to 315,000 equity shares, up to 250,000 equity shares, up to 200,000 equity shares, up to 100,000 equity shares, up to 100,000 equity share, up to 100,000 equity shares, up to 80,000 equity shares and up to 71,250 equity shares respectively..

About Company:
TVS Supply Chain Solution established in 2004 is integrated supply chain solutions provider. TVS Supply Chain Solutions was promoted by the erstwhile TVS Group, one of the reputed business groups in India. It is providing solutions to entire value chain from sourcing to consumption and include sourcing and procurement, transportation, in-plant logistics, aftermarket fulfilment, ocean and air freight forwarding, spare parts logistics and engineering support.

About Industry:
The Indian and global logistics market present a large addressable opportunity and are expected to grow to approximately US$385 billion by Fiscal 2027 at a 13% CAGR from Fiscal 2022-27 and approximately US$13.6 trillion by 2026 at a 6.7% CAGR from 2020-2026 (estimated), respectively. Moreover, trade issues and the COVID-19 pandemic have made organizations realize the complexity in supply chains further and as result, there is an increasing trend towards end-to-end outsourcing and organizations are looking forward to engaging supply chain companies to not only manage their supply chain and logistics requirements but also offer additional specialized service.

Source: SEBI, BSE, NSE, DRHP, Company, Industry Data

Disclaimer: Above article only publishes details about the IPO for educational purpose and doesn't solicit or invite any interest to invest. Please visit respective sources to verify and know more details about the IPO. We advise investors to take opinion from certified/SEBI registered experts before taking any investment decisions.