TVS Supply Chain IPO to open for subscription on August 10. Check key details here

The initial public offering (IPO) of TVS Supply Chain Solutions will open for public subscription on August 10 and close on August 14. The allocation to anchor investors will be done on August 09.

The offer comprises fresh equity issue of up to Rs 600 crore and an offer for sale (OFS) of 1.42 crore units by selling shareholders.

Under the OFS, Omega TC Holdings will offload 1.07 crore shares, Tata Capital Financial will sell 9.84 lakh. Other selling shareholders include Sargunaraj Ravichandran, Andrew Jones, Ramalingam Shankar, Ethirajan Balaji, TVS Motor Co, among others.


The company, in consultation with the book running lead managers, has undertaken a pre-IPO placement and accordingly, the fresh issue size has been reduced from Rs 750 crore.
The company had filed its draft papers in April and received regulatory approval for the same last week.

TVS Supply Chain Solutions (TVS SCS), an integrated supply chain solutions provider, is present in over 25 countries. It is promoted by the erstwhile TVS Group and is now a part of the TVS Mobility Group, which has four business verticals — supply chain solutions; manufacturing; auto dealership, and aftermarket sales and service.

The company's solutions span the 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.

The proceeds from the fresh issue will be utilised for payment of debt availed by the company and its subsidiaries — TVS LI UK and TVS SCS Singapore — and for general corporate purposes.

For the year ending March 2023, the company has clocked revenues of Rs 10,235 crore and a profit of Rs 41.76 crore.

JM Financial, Axis Capital, J P Morgan India, BNP Paribas, Edelweiss Financial Services, and Equirus Capital are the book-running lead managers to the issue.