TVS Supply Chain Solutions is into Logistics-Supply Chain Solutions and is looking raise funds through Fresh Issue and Offer for Sale
Quick Pointers
- Promoters of the company are TVS Mobility Private Limited, T.S. Rajam Rubbers Private Limited, Dhinrama Mobility Solution Private Limited and Ramachandhran Dinesh. . Currently promoters holds 45.56% stake in the company.
- Company aims to raise anywhere between Rs 866 to 880 crs through this IPO with bid lot in the multiple of 76 and is proposed to be listed on NSE, BSE exchange.
- The net proceeds of the issue will be utilized to prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company and our Subsidiary, TVS LI UK amounting to Rs525 crs and General corporate purposes
- Anchor bidding is expected to commence one day prior to the IPO dates. Tentative anchor bidding date would be 09-Aug-23.
- Price band for the IPO has been fixed at Rs 187 to 197 per share with implied market cap of the company at Rs 8,332 to 8,746 crs.
- As per the tentative schedule, allotment date of this IPO is most likely on 21-Aug-23 and is likely to be listed on stock exchange by 24-Aug-23.
- Company has direct peer competition in domestic market with Mahindra Logistics, Delhivery, TCI Express and Blue Dart Express. Revenue CAGR for TVS Supply Chain at 16% during FY20-23 v/s 14%/37%/6%/18% for Mahindra Logistics/Delhivery/TCI Express/Blue Dart Express during the same period.
- TVS Supply Chain's revenue grew at a CAGR of 16% between FY16-23. Revenue and EBITDA during FY23 grew by 10.6% YoY and 11.6% YoY to Rs10,235.4 crs and Rs683.7 crs. has been appointed as official registrar of the issue.
- JM Financial Limited, Axis Capital Limited, J. P. Morgan India Private Limited, BNP Paribas, Nuvama Wealth Management Limited, Equirus Capital Private Limited has been appointed as Merchant Banker to the issue."
- Link Intime India Pvt. Ltd. has been appointed as official registrar of the issue.
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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.
Promoter of the company are TVS Mobility Private Limited, T.S. Rajam Rubbers Private Limited, Dhinrama Mobility Solution Private Limited and Ramachandhran Dinesh.
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Check Allotment Status of TVS Supply Chain IPO
| Please check below or visit Link Intime link at here to check allotment status of IPO |
Source: DRHP, RHP, Company, Company Website | Logo/Images published in the article may be copyright of respective companies.
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