TVS Supply Chain Solutions Limited IPO

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TVS IPO

TVS Supply Chain Solutions is a company that specializes in managing supply chains for various types of clients, including international organizations, government departments, and businesses of different sizes. They provide services in two main areas: Integrated supply chain solutions (ISCS) and Network Solutions (NS).

The ISCS segment involves various aspects of supply chain management, such as sourcing and procurement (finding and buying necessary items), integrated transportation (managing the movement of goods), logistics operation centres (controlling the overall logistics process), in-plant logistics operations (managing logistics within a manufacturing facility), finished goods (handling final products), aftermarket fulfillment (managing spare parts and replacements), and supply chain consulting (providing advice and expertise on supply chain optimization).

The NS segment includes two main services:

 Global forwarding solutions (GFS): This entails managing the entire process of freight forwarding and distribution across different modes of transportation, including ocean, air, and land. It also involves services like warehousing, storage at ports, and value-added services to enhance the efficiency of the supply chain.

 Time-critical final mile solutions (TCFMS): This is focused on closed-loop logistics and support. It includes services like managing urgent deliveries, handling spare parts logistics, providing repair and refurbishment support, and managing courier services and consignments.

 In terms of clientele, TVS SCS served over 10,531 global customers and 8,115 Indian customers during Fiscal 2022 (a specific financial reporting period). Among these customers, they worked with well-known companies listed in the 'Fortune Global 500 2022' ranking. In December 2022, they served 72 such global companies and 25 Indian companies from this prestigious list. The company caters to various industries including Automotive, Defense, Engineering, FMCG (Fast-Moving Consumer Goods), Rail, Utilities, E-commerce, and Healthcare.

 In terms of financial performance, TVS Supply Chain Solutions generated a total income of ₹92,999.36 million during Fiscal 2022, showcasing the significant scale of their operations and services.

Offer Details

Offer Period

Bid/Offer Opens On: Thursday, 10th August, 2023

Bid/Offer Closes On: Monday, 14th August, 2023

The Anchor Investor Bidding Date shall be Wednesday, 9th August, 2023

Issue Details

Fresh Issue of Equity Shares aggregating up to ₹600 Cr

Offer for Sale of 14,213,198 Equity Shares

Issue Size: ₹865.79 Cr - ₹880.00 Cr

Price Band: ₹187 - ₹197

Post Issue Implied Market Cap: ₹8,332 Cr - ₹8,746 Cr

Bid Lot: 76 Shares and in multiple thereof

Categories

Category	Minimum Bid Lot (Shares)	Minimum Bid Lot Amount (₹)	No. of Applications for 1x
Retail	76 Shares	₹14,972^	58,776 Applications
NII (2-10 Lakhs)	1,064 Shares	₹2,09,608^	2,099 Applications
NII (>10 Lakhs)	5,092 Shares	₹10,03,124^	4,198 Applications

Allocation

Category	Allocation %	Shares Range	Amount Range (₹)
QIB	75%	Approx 34,724,071~ - 33,502,538^ Shares	₹649.34~ - ₹660.00^ Cr
NIB	15%	Approx 6,944,813~ - 6,700,507^ Shares	₹129.87~ - ₹132.00^ Cr
NIB (2-10 Lakhs)	-	Approx 4,629,875~ - 4,467,004^ Shares	₹86.58~ - ₹88.00^ Cr
NIB (>10 Lakhs)	-	Approx 2,314,938~ - 2,233,503^ Shares	₹43.29~ - ₹44.00^ Cr
Retail	10%	Approx 4,629,875~ - 4,467,005^ Shares	₹86.58~ - ₹88.00^ Cr

BRLM (Book Running Lead Managers)

Axis Capital, JM Financial, J.P. Morgan, BNP Paribas, Nuvama Wealth, Equirus Capital

Registrar

Link Intime India Pvt Ltd

Listing

BSE and NSE

Indicative Post Issue Timeline

• Finalisation of Basis of Allotment: On or About 21-08-2023
• Initiation of Refunds/Unblocking of Funds: On or About 22-08-2023
• Credit of Equity Shares to Demat Accounts: On or About 23-08-2023
• Listing of Equity Shares on the Stock Exchanges: On or About 24-08-2023

Note: Applications made using third-party UPI or ASBA Bank Accounts are liable to be rejected. The UPI Mandate acceptance time for Retail and NII Bidders (bids up to ₹5,00,000) shall expire at 5:00 PM on the closing day of the IPO, i.e.,

 The information provided above is for informational purposes only and should not be considered as investment advice or a recommendation to participate in any investment offering. The details, dates, and figures mentioned are based on the information available and subject to change. Potential investors are advised to carefully review the official prospectus, offering documents, and consult with financial and legal advisors before making any investment decisions. Investment in securities involves risks, and there can be no assurance of the accuracy or completeness of the information provided. The issuer, Book Running Lead Managers (BRLMs), and other involved parties are solely responsible for the accuracy and completeness of the information presented. Any investment decision should be made after thorough research and understanding of the terms and risks associated with the investment opportunity.