TVS Supply Chain Sets Its Sights High In IPO

April 24, 2023

Mumbai TVS Supply Chain results, promoted by R Dinesh of TVS Mobility Group, is set to file a fresh draft red herring prospectus (DRHP) this week with the request controller Sebi to continue its proposed listing plans, said bankers. The new public issue size is likely to be around ₹ 1,200 crore, including a fresh issue and an offer for trade (OFS) from the being investors. still, the promoters aren’t sharing in the OFS in a divagation from the former form, according to bankers.

In February last time, TVS Supply Chain filed the draft papers with the request controller for an IPO with a fresh equity issue of over to ₹ 2,000 crore and an offer for the trade of over to59.5 million equity shares by the protagonist and being investors. Last May, the company got Sebi’s nod to launch the IPO. still, according to bankers, the IPO plans were delayed due to weak consumer sentiments amid last time’s Russia- Ukraine war. TVS Supply Chain’s DRHP blessing will expire beforehand coming month.

Omega TC effects PTE, Mahogany Singapore Company PTE, Tata Capital Financial Services, and DRSR Logistics Service will probably vend part of their shares during the public issue. An dispatch query transferred to the company didn’t evoke any response. Promoted by TVS Mobility, TS Rajam Rubbers, Dhinrama Mobility result, and R Dinesh, TVS Supply Chain will be the first IPO of the TVS Mobility division in three decades.

To fuel its expansion plans, the company last month raised primary capital of ₹ 418 crore cash and a share exchange through a nonage stake purchase of its attachment, White Data Systems, through a private placement. The share exchange has also redounded in institutional investors similar as SBI, Bajaj Holding, Hero Enterprises, and Cholamandalam Finance getting its shareholders. JM Financial, Axis Capital, JP Morgan, BNP Paribas, Edelweiss Financial Services, and Equirus are the book- running lead directors.

Earnings of the company for the fiscal time ending March 2023 are anticipated to surpass ₹ 10,000 crore, a growth of around 17% from the former time, according to bankers. TVS Supply Chain is a discerned Indian force chain and logistics result provider with global capabilities and networks across the value chain in over 25 countries with 18,000 workers.

About TVS Supply Chain Solutions


TVS Supply Chain Solutions (TVS SCS), part of TVS Mobility Group is among India’s largest and fastest growing integrated supply chain solutions. We were promoted by the erstwhile TVS Group and are now part of the TVS Mobility Group. We believe our lineage benefits us in leveraging its long-standing brand heritage, in-depth understanding of multi-sector dynamics and local markets, operational experience, corporate governance standards, values and trust. Our culture and philosophy of doing business, is in line with the core values of ‘TVS’ of trust, value and service. We also believe that we are in a position to attract talent, customers and network partners due to the recognition of the TVS group.

We are an India based multinational company, who pioneered the development of the outsourced logistics industry in India. For the last 15 years, we have managed large and complex supply chains across multiple industries in India and select global markets through customized tech-enabled solutions.

TVS SCS, over the years, has taken the focused approach to grow both organically and inorganically. Our team of approximately 17,000 people address the supply chain challenges for international organisations, government departments, large and medium-sized businesses, across various sectors.

The company trades on a reputation of being collaborative in its engagement, innovative in its approach and effective in reducing its clients operating costs whilst improving their performance through the accelerated deployment of leading supply chain solutions.

TVS SCS offers end to end supply chain services from Sourcing and procurement, integrated transportation, Logistics Operation Centre and In Plant Logistics, – Finished Goods and After Market Fulfilment, Consultancy and Professional Services, Product Management Solutions. All supported by our Information Systems.

We address supply chain challenges for international organisations, government departments, large and medium-sized businesses and trade on an ability to reduce our client’s operating costs and improve their performance through efficient solutions.