All you need to know about this IPO-
TVS Supply Chain Solutions Limited is coming out with a public issue to raise Rs.880 crore from the market. This IPO application including both Fresh issue size of worth Rs 750.00 Cr and OFS issue size of 20,007,160 equity shares.
IPO Objective-
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
– 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.
The issue opens on August 10 and closes on August 14, 2023
Company Details
– TVS Supply Chain Solutions Limited (“TVS SCS”) was incorporated on November 16, 2004. TVS SCS is among India’s largest and fastest growing integrated supply chain solutions providers in terms of revenues and revenue growth, respectively, in Fiscal 2023. The company
was promoted by the erstwhile TVS Group, one of the reputed business groups in India and is now part of the TVS Mobility Group.
– The company is an Indian supply chain logistics solution provider that has global capabilities and network across the value chain with cross deployment abilities. For more than 16 years, TVS SCS has managed large and complex supply chains across multiple industries in India
and select global markets through customized tech-enabled solutions. During this period, they have grown significantly. Their total income was ₹10,311.01 crore in Fiscal 2023.
– The company’s operating segments consist of Integrated Supply Chain Solutions (ISCS) and Network Solutions (NS). The Integrated end-to-end supply chain solutions include sourcing and procurement, integrated transportation, logistics operation centres, in-plant logistics operations, finished goods and aftermarket fulfilment. In Fiscal 2023, they provided services to 412 customers in the ISCS segment. In Network Solutions (NS) they offer customers Global Forwarding Solutions (“GFS”) and Time Critical Final Mile Solutions (“TCFMS”). In
Fiscal 2023, they provided services to 8,376 customers in the NS segment.
– In line with the ‘C3 Framework’, the company has followed a systematic approach towards acquisitions by focusing on each of the ‘Cs’ (i.e. Customer, Country and Capability) and have been able to increase their customer base, enhance their capabilities and expand into newer
countries.
– Company’s customers span across numerous industries such as automotive, industrial, consumer, tech and tech infra, rail and utilities, and healthcare.
– To supplement their operations, the company has made more than 20 acquisitions in the last 16 years for growth across Europe, the United Kingdom, the United States and Asia Pacific (including India)
TVS Supply Chain Solutions IPO Financial Information (Restated Consolidated)
Period Ended 31 Mar 2020 31 Mar 2021 31 Mar 2022 31 March 2023
-Assets 5,462.92 4,990.06 5,789.73 6,210.92
-Revenue 6,792.76 6,999.69 9,299.94 10,311.01
-Profit After Tax -248.00 -76.34 -45.80 41.76
-Net Worth 510.80 490.69 714.00 723.55
-Reserves and Surplus 493.35 473.94 713.76 774.19
-Total Borrowing 2,160.12 1,547.92 1,763.78 1,989.62
IPO Details-
-Issue period- Open on 10 August 2023 and Close on 14 August 2023
-Price Band- RS 187 to 197 per share
-Bid lot- 76 equity shares and in multiple thereafter
-Issue Size- 880 Crore
-Issue Breakup- QIB – 75% of the offer – Rs.660 crore
-NIB – 15% of the offer – Rs.132 crore
-RET – 10% of the offer – Rs.88 crore