29 February 2024

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TVS Supply Chain IPO

TVS Supply Chain IPO: Should You Apply?

TVS Supply Chain IPO: Today, TVS Supply Chain Solutions Ltd. will launch its initial public offering (IPO), which will be available for offers until August 14th, 2023. The pricing range for the TVS Supply Chain IPO has been set at 187 to 197 rupees per equity share, and the book build issue seeks to raise 880 crore from this public offering. Investors claim that shares of TVS Supply Chain Solutions are currently trading on the black market at a premium of 30 rupees.

Status of subscriptions to the TVS Supply Chain IPO

By 02:18 PM on the first day of bidding, the public issue had received 0.25 times as many subscriptions as its retail half. The public offer’s retail segment has received 1.23 times its initial subscription.

Important TVS Supply Chain IPO information

Here are the 10 most crucial TVS Supply Chain IPO details:

1] TVS Supply Chain IPO GMP: According to market watchers, the current grey market premium (GMP) for the TVS Supply Chain IPO is $30.

2] TVS Supply Chain IPO price: The pricing range for the book build issuance has been set by the business at 187 to 197 per equity share.

3] TVS Supply Chain IPO date: The subscription period for the public offering began today and will go through August 14, 2023.

4] TVS Supply Chain’s initial public offering (IPO) is expected to raise $880 million, of which 280 million will go through the offer for sale (OFS) method.

5] TVS Supply Chain IPO lot size: Bidders may submit applications in lots, each of which consists of 76 company shares.

TVS Supply Chain IPO

6] TVS Supply Chain IPO allotment date: The 18th of August 2023 has been set as the prospective date for share distribution.

7] TVS Supply Chain IPO registrar: Link Intime India Private Ltd has been chosen to serve as the official.

8] TVS Supply Chain IPO listing: The book build issue is proposed for listing on BSE and NSE, and the most likely date for share listing is August 23, 2023.

9] TVS Supply Chain IPO Net Proceeds and Financials: The business plans to use the money received from this IPO for paying off debts and other general corporate objectives.

On the financial front, TVSCS recorded total revenues for FY21, FY22, and FY23 of 6,933.6 crore, 9,249.7 crore, and 1,0235.3 crore, respectively. For each of the aforementioned time periods, it recorded EBIDTA of 386.6 crore, 612.5 crore, and 683.6 crore. TVSCS declared EPS of Re 1 for FY23, rebounding to profitability from the deficit it had previously reported.

10] TVS Supply Chain IPO review: Regarding whether or not one should apply for the issue, Reliance Securities research report stated, “The issue is priced at 10.5 times based on its NAV of 18.89 as of 31 Mar 2023 and with good legacy parentage, tech enabled and process driven solution company and retirement of debt from IPO proceeds to improve net margins, we recommend a SUBSCRIBE to the issue for long term rewards.”

Axis Capital’s IPO evaluation of TVS Supply Chain states, “The firm is an Indian supply chain logistics solution provider with global skills and network throughout the value chain with cross deployment capability. For more than 16 years, TVS SCS has used specialised tech-enabled solutions to manage massive and intricate supply chains in a variety of industries across India and a few international markets. They have significantly expanded during this time. In Fiscal 2023, they made a total of 10,311,01 crore.