TVS Supply Chain Solutions is into Logistics Supply Chain Solutions and is looking raise funds through Fresh Issue and Offer for Sale
TVS Supply Chain Solutions IPO Update:
Tvs Supply Chain Solutions Limited IPO: Chennai based TVS Supply Chain Solutions Limited established in the year 2004 and is into Logistics - Supply Chain Solutions sector.
Company is promoted by TVS Mobility Private Limited, T.S. Rajam Rubbers Private Limited, Dhinrama Mobility Solution Private Limited and Ramachandhran Dinesh.. Pre-Offer Promoter and Promoter group stake in the company is 45.56%.
TVS Supply Chain Solutions Limited has filed Red Herring Prospectus (RHP) for proposed initial public offer (IPO). Total issue size is INR 880 Crores calculated on upper price band (face value of INR 1 per share) via initial public offering.
Initial Public Offer comprising of a Fresh Issue aggregating up to Rs. 6,000 million and an Offer for Sale up to 14,213,198 Equity Shares. JM Financial Limited, Axis Capital Limited, J. P. Morgan India Private Limited, BNP Paribas, Nuvama Wealth Management Limited, Equirus Capital Private Limited have been appointed as lead merchant bankers for the proposed IPO. It has appointed Link Intime India Pvt. Ltd. as Registrar and Share transfer Agent.
Details about upcoming IPO:
As per the details available in RHP, Price band is INR 187 to INR 197 with lot size of 76 shares and in multiples thereof. Objects of the issue is prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company and our Subsidiary, TVS LI UK amounting to Rs525 crs, General corporate purposes.
IPO Dates:
IPO will open on August 10, 2023 and close on August 10, 2023. Tentative date of listing on stock exchanges is August 24, 2023
About Industry:
The Indian and global logistics market present a large addressable opportunity and are expected to grow to approximately US$385 billion by Fiscal 2027 at a 13% CAGR from Fiscal 2022-27 and approximately US$13.6 trillion by 2026 at a 6.7% CAGR from 2020-2026 (estimated), respectively. Moreover, trade issues and the COVID-19 pandemic have made organizations realize the complexity in supply chains further and as result, there is an increasing trend towards end-to-end outsourcing and organizations are looking forward to engaging supply chain companies to not only manage their supply chain and logistics requirements but also offer additional specialized service.
Want to know more details about the IPO, please visit here TVS Supply Chain Solutions Limited
Source: SEBI, BSE, NSE, DRHP, TVS Supply Chain Solutions, Industry Data
Disclaimer: Above article only publishes details about the IPO and for educational purpose only. It doesn't solicit or invite any interest to invest in any kind of securities. Please visit respective sources to verify and know more details about the IPO. We advise investors to take opinion from certified/SEBI registered experts before taking any investment decisions.
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