TVS Supply Chain Solutions was incorporated on November 16, 2004. The company operates within four distinct business verticals: supply chain solutions, manufacturing, auto dealership, and aftermarket sales and service.
| Bidding Dates |
|---|
| 10 Aug 2023 - 14 Aug 2023 |
| Subscription |
|---|
| 2.78x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,972 | 1 | 13 | 76 | 44.7 M | ₹187 - ₹197 | 89.79 % | ₹8353.3 M - ₹8800.0 M | RHP DOC |
TVS Supply Chain IPO SUBSCRIPTION STATUS
14 Aug '23TVS Supply Chain IPO overall subscription rate was 2.78 times the total available shares
TVS Supply Chain IPO retail subscription rate was 7.61 times in the retail segment
TVS Supply Chain IPO non-institutional investor subscription rate was 2.35 times in the non-institutional investor category
TVS Supply Chain IPO Qualified Institutional Bidder subscription rate was 1.35 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
14 Aug 2023 (Day 3) | 7.61x | 2.35x | 1.35x |
11 Aug 2023 (Day 2) | 3.62x | 1.02x | 0.15x |
10 Aug 2023 (Day 1) | 1.71x | 0.69x | 0.08x |
TVS Supply Chain FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| FY23 | 417.6 | 102,353.8 | 7,121.4 | 5,510.8 | 6.7% |
| FY22 | -458.0 | 92,497.9 | 6,210.1 | 5,204.7 | 6.6% |
| FY21 | -739.0 | 69,336 | 7,121.3 | 6,010.2 | 5.6% |
TVS Supply Chain IPO SUBSCRIPTION STATUS DETAILS
TVS Supply Chain had 44.7 M shares on offer
TVS Supply Chain IPO offer price was in the range ₹187 - ₹197
TVS Supply Chain IPO minimum Investment was ₹14972
TVS Supply Chain IPO issue size was ₹ 8353.3 M - ₹ 8800.0 M
TVS Supply Chain had a minimum lot size of 76 Shares per application
TVS Supply Chain NUMBER OF SHARES ON OFFER
TVS Supply Chain IPO IMPORTANT DATES
| Issue Open Date | 10 Aug 2023 |
| Issue close Date | 14 Aug 2023 |
| Allotment Date | 18 Aug 2023 |
| Refund Date | 21 Aug 2023 |
| Demat Account Credit Date | 22 Aug 2023 |
| Listing Date | 23 Aug 2023 |
| Listing on Exchange(s) | NSE and BSE |
| TVS Supply Chain Allotment Status | Exchange |
TVS Supply Chain IPO subscription opened on 10 Aug 2023, and closed on 14 Aug 2023
IPO allotment for TVS Supply Chain was finalized on Friday, 18 Aug 2023
IPO listing for TVS Supply Chain was on NSE and BSE on Wednesday, 23 Aug 2023
TVS Supply Chain IPO LISTING GAINS
| Issue Price (adjusted) | 197.0 |
| Listing Open Price | 207.1 |
| Listing Close Price | 201.0 |
| Listing Gain% | 5.1% |
| Current Gain% | -32.1% |
TVS Supply Chain Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TVS Supply Chain Solutions Ltd. | 133.8 | 5852.1 | 51.7 | 0.1 | 0.5 | 5.6 | 1.6 | 11040.8 | 10.1 | 114.3 | 940.9 | 2.6 | 940.9 |
| BlackBuck Ltd. | 577.6 | 10521.9 | 62.3 | 0 | 14.8 | 11.3 | 9.2 | 714.6 | 54.5 | 160.3 | 1952.6 | 9.3 | 4749.2 |
| Sanghvi Movers Ltd. | 488.4 | 4228.4 | 21.2 | 1.1 | 3.6 | 14.1 | 7.9 | 1099.6 | 33.6 | 184.3 | 17.7 | 23 | 19.8 |
| Kernex Microsystems (India) Ltd. | 2451.8 | 4119.9 | 46.6 | 0.6 | 9.6 | 35.6 | 9.6 | 432.5 | 126.2 | 88.3 | 75.8 | 52.6 | 75.8 |
| TIL Ltd. | 232.1 | 1843.4 | -59.9 | 0.1 | 5.7 | -27.7 | -4.5 | 337.4 | -1.7 | -30.8 | -1175.9 | -3.9 | -1175.9 |
| Navkar Corporation Ltd. | 99.6 | 1499.5 | 37.5 | 0.2 | 2 | 1.5 | 1.4 | 690.6 | 41 | 30.1 | 166.5 | 2.7 | 234.2 |
TVS Supply Chain IPO Reports
TVS Supply Chain INFORMATION ON IPO ISSUE
About TVS Supply Chain
TVS Supply Chain Solutions was incorporated on November 16, 2004. The company operates within four distinct business verticals: supply chain solutions, manufacturing, auto dealership, and aftermarket sales and service.
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
- General corporate purposes
TVS Supply Chain - PROMOTERS
| Name |
|---|
| TVS Mobility Private Limited |
| TVS Mobility Private Limited |
| Dhinrama Mobility Solution Private Limited |
| Ramachandhran Dinesh |
TVS Supply Chain Book Running Lead Manager
JM Financial Limited
tvsscs.ipo@jmfl.com
Axis Capital Limited
tvs.ipo@axiscap.in
J.P. Morgan India Private Limited
tvsscs_ipo@jpmorgan.com
BNP Paribas
dl.tvsscs.ipo@asia.bnpparibas.com
Nuvama Wealth Management Limited
tvs.ipo@nuvama.com
Equirus Capital Private Limited
tvs.ipo@equirus.com
TVS Supply Chain Registrar to the Offer
Link Intime India Private Limited
tvs.ipo@linkintime.co.in
TVS Supply Chain Strengths
Fast-growing market
The company operates at the forefront of a fast-growing and fragmented third-party logistics market in India, which is expected to grow to $385 billion by Fiscal 2027
End-to-end solutions
The company is a leader in end-to-end solutions, enabled by domain expertise, a global network, and a knowledge base
Consistent track-record
The company has a long and consistent track record of successfully integrating acquisitions to enhance capabilities and customer acquisition
Business model
The company possesses a resilient business model with multiple factors driving profitable growth
TVS Supply Chain Risks
Incurred losses
The company experienced losses in Fiscal years 2021 and 2022, and the occurrence of similar losses in the future could have a negative impact on its business, financial condition, and cash flows
Indebted
The company's level of indebtedness and the terms and constraints outlined in the financing agreements, coupled with potential non-compliance, could have adverse effects on the business
Dependent on third party
The company relies on network partners and other third parties for certain aspects of its operations
Inorganic growth
The company intends to utilize the net proceeds for potential inorganic growth opportunities, the specific targets for which may not yet be identified
IPO FAQs
This IPO consists of an offer for sale of up to Rs 280.0 crore, of 14,213,198 shares. It also consists of a fresh issue of Rs 600.0 crore.
The promoters of the company are TVS Mobility Private Limited, TVS Mobility Private Limited, Dhinrama Mobility Solution Private Limited and Ramachandhran Dinesh.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.
The price band of the IPO is Rs 187.0 - 197.0.
The IPO application opens on Aug 10, 2023 and closes on Aug 14, 2023.
The minimum lot size for the IPO is 76. The maximum lot size for the IPO is 988.
For all category investors, the minimum application amount for this IPO is Rs. 14,972.0, the maximum value for this IPO is Rs 194,636.0.
This IPO will be allotted on Aug 18, 2023.
The refund will be credited to your account on Aug 21, 2023.
The allotted shares will be credited to your demat on Aug 22, 2023.
TVS Supply Chain Solutions Ltd.’s shares listed on the stock exchanges on Aug 23, 2023.