TVS Supply Chain Solutions IPO

TVS Supply Chain Solutions Limited

₹14,212 /76 sharesMinimum Investment

TVS Supply Chain Solutions IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹197.00₹206.00₹9.00 (4.57%)

TVS Supply Chain Solutions IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
10 Aug ‘23 - 14 Aug ‘23₹14,21276₹187 - ₹197
Issue SizeIPO Doc
880.00Cr
RHP PDF

Subscription Status As on 14 Aug '23, 5:00 PM

  • Qualified Institutional Buyers
    1.35x
  • Non-Institutional Investor
    2.35x
  • Retail Individual Investor
    7.60x
  • Employees
    0.00x
  • Total
    2.78x

About TVS Supply Chain Solutions

TVS Supply Chain Solutions is an India-based multinational company that operates as part of the TVS Mobility Group. The company primarily provides customers with supply chain management and logistics solutions across various industries in India and select global markets. These solutions encompass the entire value chain, from sourcing to consumption, and can be divided into two segments: integrated supply chain solutions (ISCS) and network solutions (NS). Under the ISCS segment, the company handles sourcing and procurement, integrated transportation, logistics operation centres, in-plant logistics operations, finished goods, aftermarket fulfillment, and supply chain consulting. The NS segment covers global forwarding solutions (GFS), which involve end-to-end freight forwarding and distribution across ocean, air, and land, as well as warehousing, port storage, and value-added services. Its time-critical final mile solutions (TCFMS) include closed-loop logistics and support, spare logistics, break-fix, refurbishment, engineering support, and courier services. In 2023, the company served 8,788 customers worldwide across 26 countries in Europe, the United Kingdom, Asia-Pacific, and North America. ;
Parent Organisation
TVS Supply Chain Solutions Limited
Founded
2004
Managing Director
Mr. Ravi Viswanathan

Strengths & Risks

  • The company operates warehouses and employs 13,869 permanent employees in India and 4,044 outside India as of March 31, 2023.
  • The company has a strong presence in various Tier I manufacturing hubs in India.
  • With extensive experience providing supply chain solutions to the automotive sector, the company has expanded its capabilities to manage production support in other industries.
  • The company aims to capitalise on market opportunities through its air and ocean freight expertise, key trade lanes, and global network.
  • The company has successfully cross-leveraged its capabilities of last-mile services, spare part logistics, and break-fix services to serve a government enterprise in the healthcare sector.
  • Over the last 16 years, the company has made over 20 acquisitions across Europe, the United Kingdom, the United States, and Asia Pacific (including India).
  • The company has long-term relationships with several 'Fortune Global 500 2022' companies. In 2023, it provided services to 72 companies operating in various sectors, including automotive, industrial, consumer, tech, and tech infra, rail and utilities, and healthcare.
  • Between 2021, 2022, and 2023, approximately 72.99% of the company's revenue from operations was in foreign currencies, while 73.87% of borrowings during the same period were also in foreign currencies. It exposes the company to fluctuations in foreign currency exchange rates.
  • Operating globally presents the company with various risks, including compliance with local laws and regulations.
  • Much of the company's operating expenses comprise freight, clearing, forwarding, handling charges, and manpower expenses, including employee benefits and subcontracting costs. Any increase in these expenses could adversely impact business.
  • Some company subsidiaries have incurred losses in past years and may continue to incur losses in the future.
  • The company's business is dependent on leasing warehouse space. Failure to renew current leases or find suitable locations for expansion at reasonable prices could adversely affect their business.
  • As of March 31, 2023, the company managed 27,218,541 sq ft of logistics warehouse space, all obtained through lease arrangements with network partners and/or provided by customers. The inability to renew these lease arrangements may have an adverse impact.
  • The company is currently involved in outstanding litigation proceedings involving the company itself, its directors, promoters, and subsidiaries.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular187 - 197₹2 Lakh
High Networth Individual187 - 197₹2 - 5 Lakh
For TVS Supply Chain Solutions IPO, eligible investors can apply as Regular.
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