TVS Supply Chain Solutions provides supply chain management services for international organizations, government departments, and large and medium-sized businesses.
TVS Supply Chain Solutions offers its services in two segments:
- Integrated supply chain solutions (ISCS)
- 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.
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.
The company 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.
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 IPO – Details
| IPO Opening Date | 04 August 2023 |
| IPO Closing Date | 14 August 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 4,46,70,051 Shares Worth ₹880 Crore Fresh Issue: 3,04,56,853 Shares Worth ₹600 Crore Offer For Sale: 1,42,13,198 Shares Worth ₹280 Crore |
| Face Value | ₹1 per equity share |
| IPO Price | ₹187 – ₹197 |
| Market Lot | 76 Shares |
| Min Order | 76 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
TVS Supply Chain Solutions IPO – Date Schedule
| IPO Open Date | 04 August 2023 |
| IPO Close Date | 14 August 2023 |
| Basis of Allotment Date | 21 August 2023 |
| Initiation of Refunds | 22 August 2023 |
| Credit of Shares to Demat Account | 22 August 2023 |
| IPO Listing Date | 23 August 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on 14 August , 2023 |
TVS Supply Chain Solutions IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 76 | 14,972 |
| Retail (Max) | 13 | 988 | 1,94,636 |
| S-HNI (Min) | 14 | 1064 | 2,09,608 |
| S-HNI (Max) | 66 | 5016 | 9,88,152 |
| B-HNI (Min) | 67 | 5092 | 10,03,124 |
Competitive Strengths
- Critical scale in a fast-growing and fragmented third-party logistics market in India;
- Leader in end-to-end solutions enabled by domain expertise, global network and knowledge base;
- Robust in-house technology differentiation;
- Long and consistent track-record of successful integration of acquisitions to support capabilities and customer acquisition;
- Long-term customer relationship in diversified and attractive industries through encirclement;
- Resilient business model with multiple drivers of profitable growth; and
- Strong parentage with management team with cross industry experience.
Company Promoters
- TVS Mobility Private Limited,
- T.S. Rajam Rubbers Private Limited
- Dhinrama Mobility Solution Private Limited
- Ramachandhran Dinesh
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2020 | 6792.76 | 7036.75 | -248.00 | 2160.11 |
| 31 March 2021 | 6999.69 | 7165.78 | -76.34 | 1547.92 |
| 31 March 2022 | 9299.93 | 9253.22 | -45.80 | 1763.78 |
| 31 March 2023 | 10311.01 | 10265.72 | 41.76 | 1989.62 |
Key Performance Indicator
| KPI | Values |
|---|---|
| Market Cap (₹ Cr.) | 8746 |
| ROE | 5.50 |
| ROCE | 7.64 |
| EPS (Rs) | 1.04 |
| RoNW | 5.50 |
Object Of The Issue
- 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.
TVS Supply Chain Solutions IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 2 | TCI Express Limited | 40.57 |
| 2 | 10 | Mahindra Logistics Limited | 42.15 |
| 3 | 10 | Blue Dart Express Limited | 46.38 |
| 4 | 1 | Delhivery Limited | – |
TVS Supply Chain Solutions IPO Strengths
- They are the front runner of the rapidly growing logistic industry in India. It is expected to grow to US$365 billion by FY2026.
- The brand provides end-to-end solutions enabled by domain expertise, global network and knowledge base.
- The brand has a consistently long track record of successful integration of the acquisition. The brand has done more than 20 acquisitions in the last 15 years.
TVS Supply Chain Solutions IPO Risks
- The operation of the company is strongly dependent on technology infrastructure and any failure or disruption of their technology infrastructure can affect the growth of the business.
- The brand is exposed to foreign currency exchange and any fluctuations can affect the operation of the business.
- The company gets a significant amount of revenue from certain industries. Any loss or decrease in business from these industries can affect the operations, financial condition and cash flow.
TVS Supply Chain Solutions IPO Promoter Holding
| Pre Issue Share Holding | 46.65% |
| Post Issue Share Holding | 43.40% |
TVS Supply Chain Solutions IPO Prospectus
Company Contact Information
| TVS Supply Chain Solutions Limited 10 Jawahar Road, Chokkikulam, Madurai – 625 002 Phone: + 91 44 66857777 Email: cs.compliance@tvsscs.com Website: https://www.tvsscs.com/ |
TVS Supply Chain Solutions IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: tvs.ipo@linkintime.co.in Website: https://linkintime.co.in/mipo/ipoallotment.html |
TVS Supply Chain Solutions IPO Lead Manager(s)
| 1. JM Financial Limited 2. Axis Capital Limited 3. J.P. Morgan India Private Limited 4. BNP Paribas 5. Equirus Capital Private Limited |
TVS Supply Chain Solutions IPO FAQs
| What is TVS Supply Chain Solutions IPO? TVS Supply Chain Solutions IPO is a main-board IPO. The issue is priced at ₹187 to ₹197 per equity share. The IPO is to be listed on BSE & NSE. |
| When TVS Supply Chain Solutions IPO will open? The IPO is to open on 10 August 2023 for QIB, NII, and Retail Investors. |
| What is TVS Supply Chain Solutions IPO Investors Portion? The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%. |
| How to Apply the TVS Supply Chain Solutions IPO? You can apply TVS Supply Chain Solutions IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the TVS Supply Chain Solutions IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “TVS Supply Chain Solutions”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the TVS Supply Chain Solutions IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “TVS Supply Chain Solutions”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the TVS Supply Chain Solutions IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “TVS Supply Chain Solutions”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the TVS Supply Chain Solutions IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “TVS Supply Chain Solutions”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is TVS Supply Chain Solutions IPO Size? TVS Supply Chain Solutions IPO size is ₹880 Cr. |
| What is TVS Supply Chain Solutions IPO Price Band? TVS Supply Chain Solutions IPO Price Band is ₹187 to ₹197. |
| What is TVS Supply Chain Solutions IPO Minimum and Maximum Lot Size? The minimum bid is 76 Shares with ₹14,972 amount while the maximum bid is 988 shares with ₹1,94,636. |
| What is the TVS Supply Chain Solutions IPO Allotment Date? TVS Supply Chain Solutions IPO allotment date is 21 August 2023. |
| What is the TVS Supply Chain Solutions IPO Listing Date? TVS Supply Chain Solutions IPO listing date is 23 August 2023. The IPO is to list on BSE and NSE. |
