Tvs Supply Chain Solutions Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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TVS Supply

CMP

176.80

+7.50 (4.43%)

₹197

Offer Price

₹ 880.00 Cr

Issue Size

₹ 14,972

Min Investment

2.78x

Times Subscribed

76

Lot size

Time Line

  • 10
    Aug 2023
    Open
  • 14
    Aug 2023
    Close
  • 21
    Aug 2023
    Finalisation of Basis of Allotment
  • 22
    Aug 2023
    Initiation of Refunds
  • 23
    Aug 2023
    Transfer of Shares to Demat Account
  • 23
    Aug 2023
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Growth in our existing core sectors

  • Growth in its existing core sectors.

  • Scout for adjacent sectors

  • Scout for adjacent sectors.

  • Pivot to new age and fast emerging sectors

Products & Services

  • The Company is integrated supply chain solutions provider

  • The Company is India`s largest and among the fastest growing integrated supply chain solutions provider.

Strengths

  • Critical scale in a fast-growing and fragmented third-party logistics market in India;

  • Critical scale in a fast-growing and fragmented third-party logistics market in India;

  • Leader in end-to-end solutions enabled by domain expertise, global network and knowledge base;

  • Leader in end-to-end solutions enabled by domain expertise, global network and knowledge base;

  • Robust in-house technology differentiation;

Risks

  • The company is depend on network partners and other third parties in certain aspects of its operations and unreliable or unsatisfactory services provided by them or failure to maintain relationships with them could result in a disruption in its operations, which could have an adverse effect on its business, financial condition, results of operations and cash flows.

  • The company`s Equity Shares have never been publicly traded, and, after the Offer, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. The Offer Price of the Equity Shares, price to earnings ("P/E") ratio, enterprise value ("EV") to EBITDA ratio and market capitalization to revenue from operations ratio may not be indicative of the market price of the Equity Shares on listing or thereafter.

  • The company is highly reliant on its technology infrastructure and software suite in its business operations, and any disruption or failure of its technology infrastructure could materially and adversely affect its growth prospectus, reputation, business, results of operations, financial condition and cash flows.

  • The company depends on network partners and other third parties in certain aspects of its operations and unreliable or unsatisfactory services provided by them or failure to maintain relationships with them could result in a disruption in its operations, which could have an adverse effect on its business, financial condition, results of operations and cash flows.

  • The company is highly reliant on its technology infrastructure and software suite in the company business operations, and any disruption or failure of its technology infrastructure could materially and adversely affect the company growth prospectus, reputation, business, results of operations, financial condition and cash flows.

Company Promoters

Promoters Holding

Issue For IPO
45.56%
Pre Holding

45.56%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2023 Mar-2021 Mar-2023 3-Yr trend
Revenue 10,235.38 (10.70%) -15.15 (-) 5.50 (-)
Gross Profit 10,235.38 (10.70%) -15.15 (-) 5.50 (-)
Net Income 10,235.38 (10.70%) -15.15 (-) 5.50 (-)
Assets 10,235.38 (10.70%) -15.15 (-) 5.50 (-)
Liabilities 10,235.38 (10.70%) -15.15 (-) 5.50 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
TVS Supply Chain Solutions Ltd 6,933.60 -74.34 3,329.55 2,838.86 -15.15 -23.41 154.49 1.63 0.82
TVS Supply Chain Solutions Ltd 10,235.38 39.81 4,217.78 3,494.22 5.50 1.09 19.86 1.79 0.79
TCI Express Ltd 843.99 100.60 543.66 543.66 23.18 26.19 112.84 18.50 0.00
TCI Express Ltd 1,241.01 139.28 734.94 734.94 23.35 36.24 155.71 18.95 0.00
Mahindra Logistics Ltd 3,263.72 30.00 1,686.93 1,686.93 5.28 4.19 79.64 1.77 0.05
Mahindra Logistics Ltd 5,128.29 26.28 2,552.94 2,552.94 4.67 3.64 77.83 1.02 0.71
Blue Dart Express Ltd 3,288.13 101.81 2,897.43 2,897.43 17.19 42.91 249.14 3.51 0.41
Blue Dart Express Ltd 5,172.22 370.53 3,223.04 3,223.04 31.41 156.16 496.45 11.49 0.21
Delhivery Ltd 7,225.30 -1,007.78 11,189.28 11,189.28 -10.98 -14.09 125.94 -9.00 0.02

Book Running Managers

  • JM Financial Ltd
  • Axis Capital Ltd
  • J.P.Morgan India Pvt Ltd
  • BNP Paribas
  • Nuvama Wealth Management Ltd
  • Equirus Capital Pvt Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

10 Jawahar Road,
Chokkikulam,
Madurai - 625002
Phone : 91-44-66857777 Email : cs.compliance@tvsscs.com www.tvsscs.com

Offer Related Information

Initial public offering of 44,670,050** equity shares of face value of Re. 1 each ("Equity Shares") of TVS Supply Chain Solutions Limited ("The Company" or the "Issuer") for cash at a price of Rs. 197 per equity share (including a premium of Rs. 196 per equity share) ("Offer Price") aggregating to Rs. 880.00 crores ("Offer"). The offer comprises of a fresh issue of 30,456,852** equity shares aggregating to Rs. 600.00 crores* (the "Fresh Issue") and an offer for sale of 14,213,198** equity... More

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