Key Points of TVS Supply Chain Solutions New IPO:
- TVS Supply Chain Solutions, a subsidiary of TVS Mobility Group, has filed draft papers for its IPO with SEBI for the second time.
- The fresh issuance size has been reduced to Rs 750 crore from the earlier planned Rs 2,000 crore.
- The IPO consists of a fresh issue of equity shares of up to Rs 750 crore and an offer for sale of over two crore equity shares by existing shareholders and promoters.
- The proceeds from the IPO will be used for paying off the company’s debt and general corporate purposes.
- TVS Supply Chain Solutions has operations in over 25 countries and is a part of the TVS Mobility Group, which has four distinct business sectors.
- The book running lead managers for the IPO are JM Financial, Axis Capital, JP Morgan India, BNP Paribas, Edelweiss Financial Services, and Equirus Capital.
Details of TVS Supply Chain Solutions New IPO:
TVS Supply Chain Solutions, a subsidiary of the TVS Mobility Group, has filed draft papers for its initial public offering (IPO) with the Securities and Exchange Board of India (SEBI) for the second time.
The company has reduced the fresh issuance size from the earlier planned Rs 2,000 crore to Rs 750 crore. The IPO includes a fresh issue of equity shares of up to Rs 750 crore and an offer for sale of over two crore equity shares by existing shareholders and promoters, including TVS Motor Company Limited, Kotak Special Situations Fund, and others.
The proceeds from the IPO will be used for paying off the company’s debt and general corporate purposes. The company received approval from SEBI in May 2022 to launch the IPO, but it did not proceed due to weak market conditions. As per regulations, the company gets one year to hit the primary market after receiving approval from SEBI.
An international supplier of comprehensive supply chain solutions, TVS Supply Chain Solutions has operations in over 25 nations. It is a component of the TVS Mobility Group, a conglomerate with four distinct business sectors: manufacturing, supply chain solutions, car dealerships, and aftermarket sales and services.
The organisation has a track record of successfully acquiring businesses and integrating them into its operations to expand its client base, geographic reach, and technical capacity.
The book running lead managers for the IPO are JM Financial, Axis Capital, JP Morgan India, BNP Paribas, Edelweiss Financial Services, and Equirus Capital. The company’s solid financial condition and remarkable track record of successful acquisitions are likely to generate a lot of investor interest in the IPO.
About TVS Supply Chain Solutions:
An international firm that specialises in storage, shipping, and logistics is called TVS Supply Chain Solutions. In India, the UK, Europe, and the US, it offers supply chain management services to clients in the automotive, consumer products, defence, and utilities industries. It is a company of the TVS Group.
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