TVS Supply Chain Solutions Limited offers IPO to raise around ₹880 crores – opens on Aug 10 closes on Aug 14Aug

• Price Band fixed at ₹ 187 per equity share to ₹ 197 per equity share of face value of ₹ 1 each of TVS Supply Chain Solutions Limited 
• Anchor Investor Bidding Date – Wednesday, August 09, 2023

• Bid /Offer Opening Date – Thursday, August 10, 2023 and Bid/ Offer Closing Date – Monday, August 14, 2023

• Bids can be made for a minimum of 76 Equity Shares and in multiples of 76 Equity Shares thereafter

BILKULONLINE
Ahmedabad, Aug 8: TVS Supply Chain Solutions Limited proposes to open its initial public offering of Equity Shares on Thursday, August 10, 2023. The Anchor Investor Bidding Date is one Working Day prior to Bid/Offer Opening Date, that is, Wednesday, August 09, 2023. Bid/ Offer Closing Date will be Monday, August 14, 2023.

The Price Band of the Offer has been fixed from ₹ 187 per Equity Share to ₹ 197 per Equity Share. Bids can be made for a minimum of 76 Equity Shares and in multiples of 76 Equity Shares thereafter.

JM Financial Limited, Axis Capital Limited, J. P. Morgan India Private Limited, BNP Paribas, Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited), and Equirus Capital Private Limited are the Book Running Lead Managers to the Offer.

TVS Supply Chain Solutions provides supply chain management services for international organizations, government departments, and large and medium-sized businesses. TVS SCS offers its services in two segments: Integrated supply chain solutions (ISCS); and Network Solutions (NS).

TVS Supply Chain Solutions IPO is a Book Built Issue. The IPO total issue size is Rs 880.00 Cr. The TVS Supply Chain Solutions IPO price is ₹187 to ₹197 per share. The IPO will list on BSE, NSE.

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company and subsidiaries, TVS LI UK and TVS SCS Singapore; and General corporate purposes.

TVS Supply Chain Solutions IPO is a main-board IPO of 44,670,051 equity shares of the face value of ₹1 aggregating up to ₹880.00 Crores. The issue is priced at ₹187 to ₹197 per share. The minimum order quantity is 76 Shares.

The IPO opens on Aug 10, 2023, and closes on Aug 14, 2023.

TVS SCS is a global organisation that provides end to end supply chain management services, including global forwarding and last mile solutions.