TVS Supply Chain Solutions IPO
TVS Supply Chain Solutions IPO — date, price band, lot size & details 2023
TVS Supply Chain Solutions listed on 23 Aug 2023 at ₹207.05, 5.1% above the ₹197 issue price.
TVS Supply Chain Solutions is India's largest integrated supply chain solutions provider among listed peers, managing sourcing, transport, warehousing and freight for clients in India and abroad. Its total income was Rs 10,311.01 crore in FY2023.
Stock price
TVS Supply Chain Solutions is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 November.
- Open 10 Aug 2023
- Close 14 Aug 2023
- Allotment 18 Aug 2023
- Refund/credit 21 Aug 2023
- Listing 23 Aug 2023
Issue summary
The terms of the offer, as filed.
| IPO Dates | 10 to 14 Aug, 2023 |
|---|---|
| Price Band | ₹187 – ₹197 |
| Face Value | ₹1 |
| Lot Size | 76 Shares |
| Issue Size | ₹880 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,972 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 76 shares at the ₹197 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 76 | ₹14,972 |
| Retail (max) | 13 | 988 | ₹1,94,636 |
| S-HNI (min) | 14 | 1,064 | ₹2,09,608 |
| S-HNI (max) | 66 | 5,016 | ₹9,88,152 |
| B-HNI (min) | 67 | 5,092 | ₹10,03,124 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 6,999.69 crore in FY2021 to Rs 10,311.01 crore in FY2023.
- 02The company turned from a loss of Rs 45.80 crore in FY2022 to a profit of Rs 41.76 crore in FY2023.
- 03Rs 525.00 crore of the fresh issue was planned for repaying debt.
- 04Its operations span 26 countries, with a long record in the TVS group.
- 05The promoters did not sell shares, and the offer for sale was Rs 280.00 crore by investors and others.
Risks · 5
- 01The pre-issue P/E was 195.05 at the upper band of Rs 197, based on EPS of Rs 1.01.
- 02Profit was thin, at Rs 41.76 crore on total income of Rs 10,311.01 crore in FY2023, after losses in FY2021 and FY2022.
- 03Total borrowing was Rs 1,989.62 crore on 31 March 2023, far above net worth of Rs 723.55 crore.
- 04Freight forwarding income moves with global trade and freight rates, and overseas units add currency risk. Return on net worth was 5.50% as per the source.
- 05Promoters and the promoter group held only 46.65% before the issue and 42.76% after it.
Three years of numbers
All figures in ₹ crore, as reported in the TVS Supply Chain Solutions offer document.
| Metric | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 6,210.92 | 5,789.73 | 4,990.06 |
| Total Income | 10,311.01 | 9,299.94 | 6,999.69 |
| Profit After Tax | 41.76 | -45.80 | -76.34 |
| NET Worth | 723.55 | 714.00 | 490.69 |
| Total Borrowing | 1,989.62 | 1,763.78 | 1,547.92 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the TVS Supply Chain Solutions RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
TVS Supply Chain Solutions IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹1.01 | ₹0.94 |
| P/E Ratio (x) | 195.05 | 209.57 |
| Market Cap at Offer Price (₹ Cr) | ₹8,145.27 | ₹8,751.83 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹197 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹525.00 Cr of the issue is earmarked to named objects.
About the company
For more than 16 years it has managed supply chains across industries in India and select global markets. Its services span sourcing and procurement, transport, in-plant logistics, aftermarket fulfilment, ocean and air freight forwarding, spare parts logistics and engineering support.
Its business has two segments, integrated supply chain solutions and network solutions, and its subsidiaries work across 26 countries, including India, the United Kingdom, Spain, Germany and Australia.
The IPO was Rs 880 crore, with Rs 600.00 crore of fresh issue and Rs 280.00 crore of offer for sale by investors and other shareholders. Rs 525.00 crore was planned for repaying borrowings of the company and its UK subsidiary.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
TVS Supply Chain Solutions IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
JM Financial Ltd.
125 issues handledBest listing: Tata Technologies (+140.0%). Weakest: ACME Solar Holdings (-13.1%).
Nuvama Wealth Management Ltd.
42 issues handledBest listing: Gandhar Oil Refinery (India) (+76.3%). Weakest: ACME Solar Holdings (-13.1%).
Axis Capital
126 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Equirus Capital Pvt.Ltd.
34 issues handledBest listing: G R Infraprojects (+105.0%). Weakest: Metro Brands (-12.6%).
JP Morgan India Pvt. Ltd
22 issues handledBest listing: Premier Energies (+120.0%). Weakest: Nuvoco Vistas Corporation (-14.9%).
BNP Paribas
7 issues handledBest listing: DOMS Industries (+77.2%). Weakest: Carraro India (-7.5%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of TVS Supply Chain Solutions?
The current Grey Market Premium is ₹1.35, or 1% over the issue price.
What is the TVS Supply Chain Solutions IPO price band?
₹187 to ₹197, on a face value of ₹1.
When is the allotment?
The basis of allotment is 18 August 2023, with listing on 23 August 2023.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
