The TVS Supply Chain Solutions IPO started on August 10, 2023, and ended on August 14, 2023. Shares were allocated on August 18, 2023, and refund processes began on August 21, 2023. On August 22, 2023, the shares were credited to investors demat accounts. TVS Supply Chain Solutions was officially listed on the stock exchange on August 23, 2023.
During the IPO, TVS Supply Chain Solutions offered shares at a price range of ₹187 to ₹197 per share, and the lot size was 76 shares. The total issue size was ₹880 crores, with ₹600 crores from new shares and ₹280 crores from shares for sale. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 75% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 10% were set aside for retail investors.
TVS Supply Chain IPO Subscription Update Video
TVS Supply Chain Solutions IPO Subscription Status
The TVS Supply Chain Solutions IPO on August 14, 2023 was subscribed 2.85 times, with the retail category being subscribed 7.89 times, the NII (Non-Institutional Investor) category being subscribed 2.44 times, the QIB (Qualified-Institutional Buyers) category being subscribed 1.37 times.
| Category | Subscription |
| QIB | 1.37x |
| NII | 2.44x |
| Retail | 7.89x |
| Total | 2.85x |
TVS Supply Chain Solutions IPO Basic Details
| Company Name | TVS Supply Chain Solutions Limited |
| Domain of Company | Supply Chain Management Services |
| IPO Open Date | August 10, 2023 |
| IPO Close Date | August 14, 2023 |
| IPO Allotment Date | August 18, 2023 |
| IPO Listing Date | August 23, 2023 |
| Face Value | ₹10 per share |
| Price | ₹187 to ₹197 per share |
| Lot Size | 76 Shares |
| Issue Size | [.] shares (aggregating up to ₹880.00 Cr) |
| Fresh Issue | [.] shares of ₹0 (aggregating up to ₹600.00 Cr) |
| Offer for Sale | 14,213,198 shares of ₹1 (aggregating up to ₹280.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | TVS Mobility Private Limited, T.S. Rajam Rubbers Private Limited and Dhinrama Mobility Solution Private Limited |
About TVS Supply Chain Solutions Limited
TVS Supply Chain Solutions specializes in providing supply chain management services to international organizations, government departments, and medium to large-sized businesses. The company operates through two main segments:
- Integrated Supply Chain Solutions (ISCS): This segment encompasses various services such as sourcing, procurement, integrated transportation, logistics operation centers, in-plant logistics operations, aftermarket fulfillment, finished goods handling, and supply chain consulting.
- Network Solutions (NS): The NS segment includes services like global forwarding solutions (GFS), which involves managing end-to-end freight forwarding and distribution across ocean, air, and land, as well as warehousing, port storage, value-added services, and time-critical final mile solutions (TCFMS) that cover closed-loop logistics, spares logistics, break-fix support, refurbishment, engineering support, and courier and consignment management.
Throughout Fiscal 2022 and the nine-month period ending on December 31, 2022, TVS SCS served more than 10,531 and 8,115 customers globally. In India, the company catered to over 1,044 and 733 customers during the same timeframes. Notably, the company’s global customer base included 72 companies from the ‘Fortune Global 500 2022’ list, and its Indian customer base included 25 such companies.
TVS SCS serves clients across diverse industries such as Automotive, Defence, Engineering, FMCG, Rail, Utilities, E-commerce, and Healthcare. Some of the prominent clients on the company’s roster include Sony India Private Limited, Hyundai Motor India Limited, Johnson Controls-Hitachi Air Conditioning India Limited, Ashok Leyland Limited, TVS Motor Company Limited, Diebold Nixdorf, and others.
In Fiscal 2022, TVS Supply Chain Solutions achieved a total income of ₹92,999.36 million.
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TVS Supply Chain Solutions IPO FAQs
What is the start and end date of TVS Supply Chain Solutions IPO Subscription?
The TVS Supply Chain Solutions IPO started on August 10, 2023, and ended on August 14, 2023.
When does TVS Supply Chain Solutions IPO Subscription open?
The TVS Supply Chain Solutions IPO open on August 10, 2023.
When does TVS Supply Chain Solutions IPO Subscription close?
The TVS Supply Chain Solutions IPO Close on August 14, 2023.
What is the allotment date of TVS Supply Chain Solutions IPO?
The allotment date for TVS Supply Chain Solutions IPO is August 18, 2023.
When is the initial refund date of TVS Supply Chain Solutions IPO?
The initial Refund date for TVS Supply Chain Solutions IPO is August 21, 2023.
When were the shares credited to investors demat accounts for the TVS Supply Chain Solutions IPO?
The shares for the TVS Supply Chain Solutions IPO were credited to investors demat accounts on August 22, 2023.
When will TVS Supply Chain Solutions IPO be listed on the stock market?
TVS Supply Chain Solutions IPO stock market will be listed on August 23, 2023 at 10 am.
What was the price range of the TVS Supply Chain Solutions IPO shares?
The TVS Supply Chain Solutions IPO shares were offered at a price range of ₹187 to ₹197 per share.
What was the lot size for the TVS Supply Chain Solutions IPO shares?
The lot size for the TVS Supply Chain Solutions IPO shares was 76 shares.
What was the total issue size of the TVS Supply Chain Solutions IPO?
The total issue size of the TVS Supply Chain Solutions IPO was ₹880 crores.
How were the shares allocated among different types of investors for the TVS Supply Chain Solutions IPO?
75% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 10% were set aside for retail investors.
On which stock exchanges was the TVS Supply Chain Solutions IPO listed?
The TVS Supply Chain Solutions IPO was listed on both the NSE and BSE.
What is the TVS Supply Chain Solutions IPO Subscription Status?
TVS Supply Chain Solutions IPO is subscribed 2.85 Times.
