TVS supply chain solutions founded in 1911, first discovered in Tamil Nadu. It is a part of TVS Mobility Group which has filed preminary papers with its capital markets regulator SEBI (securities and Exchange Board) to raise funds through IPO (initial public offering). The initial supply chain equity up to 2,000 crores in TVS Supply chain.
The beginning share-sale consists of a fresh issue value of shares adding up to Rs. 2,000 crore and an (OFS) offer for sale of up to Rs 5.95 crore equity shares by the promoter and existing investors, according to (DRHP) the draft red herring prospectus.
Those offering shares in the OFS are TVS Mobility, Mahogany Singapore Company PTE Ltd, Tata Capital Financial Services Ltd and DRSR Logistics Service. As per to the market sources, the size of the initial public offering will be Rs 5,000 crore. The company is planning to consider a pre-IPO placement amounting up to crore. If the placement gets completed, the new issue size will be reduced, as according to the draft papers.
Â The current repay debt which will be used around Rs. 1,166 crores, for the fresh issue and around Rs. 75.3 crore which will be position towards the capitalization of its strategically important subsidiaries in the USA, Thailand and Germany.
(OFS) offer for sale of up to 5.95 crore equity shares by the promoter.
Further, Rs. 60 crore will be suffuse in the company UK arm to increase growth its stake in Rico UK to 100 per cent and the remaining amount from the net proceeds will be extended towards inorganic growth and general corporate. TVS Supply Chain Solutions, an integrated supply chain solutions provider is present over 25 countries and has served more than 60 Fortune Global 500 2021 clients.
TVS Supply Chain Solutions is also a part of the TVS Mobility Group that comprises four business vertical which includes supply chain solutions, manufacturing, auto dealership and aftermarket sales and service.
The company provides the offers to customized solutions for customers to enable agile, which a software development which includes requirement discovery, solutions improvement through collaborative efforts and efficient supply chains at large scale. The company conduct in more than 25 countries, serve to more than 60 â€˜Fortune Global 500 2021â€™ clients in the first half of this financial year through March, according to the draft (IPO) document.
Indian logistics market is directly spending around $365 billion by the year of 2026.
TVS supply chain also includes Mahindra & Mahindra Ltd, Sony India Pvt., Daimler India Commercial Vehicles Pvt, Hyundai Motor India Ltd and Sony India Pvt. The company places are not only in India, but other extended places as well such as in Spain, U.K., Australia, Singapore and Germany.
Indian logistics market is directly spending to its double, which is up to around $365 billion by the year of 2026, in March. TVS supply chain said its draft description, citied the data from consultant RedSeer.
Another Indian logistics firm, received the market regulatorâ€™s approval last month for an initial share sale to raise to 74.6 billion rupees.Â It has yet to launch the share sale while state-run Life Insurance Corp. of India is due to submit its draft prospectus to the capital market regulator soon for a share sale which is expected to be nationâ€™s biggest IPO.