TVS Supply Chain Solutions IPO, TVS Supply Chain Solutions IPO opening date: TVS Supply Chain Solutions, which provides supply chain management services to a number of government departments and international organisations, is set to launch an initial public offer (IPO) on August 10.
TVS Supply Chain Solutions IPO, TVS Supply Chain Solutions IPO opening date: TVS Supply Chain Solutions is set to launch its initial public offer (IPO) on Thursday (August 10). TVS Supply Chain Solutions, which provides supply chain management services to a number of government departments, international organisations and medium-sized businesses, includes fresh issuance of shares worth up to Rs 600 crore.
Read More: RBI MPC: What Markets are Expecting From RBI’s Monetary Policy Outcome Tomorrow?
Here are some of the key things you should be aware of TVS Supply Chain Solutions IPO:
Issue price and lot size
The chain supply company has fixed a price band of Rs 187-197 per share for the IPO. The IPO consists of fresh issuance of equity shares worth Rs 600 crore, while an offer for sale (OFS) of up to Rs 280 crore worth of shares is available for promotors.
Important dates for IPO
The bidding for anchor investors opened today (Wednesday, August 9), and bid offers for the rest will open on August 10 (Thursday) and conclude on August 14.
Read More: Unclaimed Funds Of Clients: Sebi Plans To Issue Norms Soon, Check Latest Update Here
Bid lot and minimum investment
At Rs 197 price land, the bid lot for the IPO is 76, while the minimum investment for the same is Rs 14,972.
IPO size
The IPO is expected to fetch Rs 880 crore for the company.
Offer for sale
The company is offering up to 14,213,198 equity shares of face value of Rs 1 each.
Purpose of IPO
The company says the purpose of launching the IPO is the prepayment or repayment of Rs 525 crore of all or a portion of certain outstanding borrowings availed by its company and subsidiary, TVS LI UK.
Read More: PB Fintech Stock Falls 10% in Two Sessions; What Should Investors Do Now?
Company promoters
TVS Mobility Private Limited, T.S. Rajam Rubbers Private Limited, and Dhinrama Mobility Solution Private Limited and Ramachandran Dinesh are the promoters of the company.
Book Runner and Lead Manager
The book runner and lead amanger for the IPO are Axis Capital, JM Financial, JP Morgan, Nuvama & Equius capital, and BNP Paribas.
About TVS Supply Chain Solutions
Earlier, TVS Group was the promoter of the company, now part of TVS Mobility Group
It is the country’s largest and fastest growing integrated supply chain solutions provider by FY23 revenue
Provides inventory management, purchasing, demand planning, warehousing and transportation services to customers
The company’s business in expanded to 26 countries
It served 8,788 customers in FY23
Ashok Leyland, Daimler India, Hyundai Motor, Sony India on the list of customers
