TVS Supply Chain Solutions

TVS Supply Chain Solutions IPO Price Band Fixed

TVS Supply Chain Solutions, a subsidiary of TVS Mobility Group, has established the price range for its upcoming initial public offering (IPO). The proposed price band for the TVS Supply Chain Solutions IPO is set at ₹187-197 per share. The IPO, valued at ₹880 crore, will be open for public subscription from August 10 to August 14. Anchor investors can participate in the bidding process starting from August 9.

The TVS Supply Chain Solutions IPO includes a fresh issuance of equity shares totaling up to ₹600 crore and an Offer for Sale (OFS) component comprising 1.42 crore equity shares, offered by existing shareholders. In the OFS segment, Omega TC Holdings PTE Ltd intends to sell up to 1.07 crore shares, Tata Capital Financial Services Ltd plans to sell up to 9.84 lakh shares, and various other shareholders have also expressed their intention to sell a certain number of shares.

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At the upper end of the price range, the IPO is projected to generate ₹880 crore. The company intends to utilize the proceeds from the fresh issuance, approximately ₹600 crore, for debt repayment and to support its subsidiaries, namely TVS LI UK and TVS SCS Singapore, along with general corporate purposes.

The IPO distribution plan designates around 75% of the offering to qualified institutional investors, 15% to non-institutional investors, and the remaining 10% to retail investors. Interested investors can place bids for a minimum of 76 shares and in multiples of that quantity.

The anticipated listing date for TVS Supply Chain Solutions shares on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) is August 23, a Wednesday. The IPO is being managed by book-running lead managers including JM Financial, Axis Capital, J P Morgan India, BNP Paribas, Nuvama Wealth Management, and Equirus Capital.

TVS Supply Chain Solutions operates across more than 25 countries and is associated with the TVS Mobility Group, a conglomerate with business interests in supply chain solutions, manufacturing, auto dealership, and aftermarket sales and service.

Link Intime India Private Ltd is the designated registrar for the IPO. The allotment of shares is expected to be finalized by August 18, with refunds commencing on August 21. Eligible investors can anticipate their TVS Supply Chain Solutions shares to be credited to their Demat accounts by August 22.

As of today, the grey market premium (GMP) for TVS Supply Chain Solutions IPO stands at ₹30 per share, indicating that the shares are trading at a premium of ₹30 over the issue price. Given this GMP and the issue price of ₹197 per share, market experts estimate that the shares of TVS Supply Chain Solutions could potentially debut at ₹227 per share.

It’s important to note that the opinions and predictions mentioned above come from individual analysts or brokerage firms and not from Mint. Investors are strongly advised to seek advice from certified financial experts before making any investment decisions.



What do TVS supply chain solutions do?

TVS Supply Chain Solutions specializes in offering comprehensive supply chain management and logistics services to various industries. They help businesses optimize their operations by providing services such as procurement, warehousing, distribution, transportation, and technology solutions. Their global presence and industry expertise make them a key player in facilitating efficient and effective supply chain processes.

Who owns TVS Supply Chain Solutions?

TVS Supply Chain Solutions is owned by the TVS Mobility Group.

What are the values of TVS supply chain solutions?

The values of TVS Supply Chain Solutions are centered around customer-centricity, operational excellence, innovation, sustainability, and global collaboration.

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