TVS Supply Chain Solutions Limited | Globe Capital Market LTD.
TVS Supply Chain Solutions Limited
Price Band
₹187 to ₹197 per share
IPO Issue Period
Aug 10, 2023 to Aug 14, 2023
Issue Size
₹880.00 Cr
Face value
₹1 per share
Fresh issue
600.00 Cr
Offer for sale
280 Cr
Minimum Shares for Retail
Listing on
Issue Type
Book Building
Registrar to the Issue
Link Intime India Private Ltd
Tentative Listing Date
Wednesday, 23 August 2023
  1. Jm Financial Limited
  2. Axis Capital Limited
  3. J.P. Morgan India Private Limited
  4. Bnp Paribas
  5. Equirus Capital Private Limited
  6. Nuvama Wealth Management Limited

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)

The ISCS segment includes sourcing and procurement, integrated transportation, logistics operation centers, in-plant logistics operations, finished goods, aftermarket fulfillment, and supply chain consulting. And, the NS segment includes global forwarding solutions (“GFS”), which involves managing end-to-end freight forwarding and distribution across ocean, air, and land, warehousing and at port storage and value-added services, and time-critical final mile solutions (“TCFMS”) which involves closed-loop logistics and support including spares logistics, break-fix, refurbishment and engineering support, and courier and consignment management.

TVS SCS’ provided supply chain solutions to over 10,531 and 8,115 customers during Fiscal 2022 and the nine-month period ended December 31, 2022, globally. And to over 1,044 and 733 customers, respectively, in the same periods, in India. In December 2022, the company’s global customers included 72 ‘Fortune Global 500 2022’ companies, while its Indian customers included 25 ‘Fortune Global 500 2022’ companies.

The company’s client list includes companies in the Automotive, Defence, Engineering, FMCG, Rail, FMCG, Utilities, E-commerce, and Healthcare industry, namely Sony India Private Limited, Hyundai Motor India Limited, Johnson Controls-Hitachi Air Conditioning India Limited, Ashok Leyland Limited, TVS Motor Company Limited, Diebold Nixdorf, TVS Srichakra Limited, Lexmark International Technology Sarl, VARTA Microbattery Pte Ltd, Daimler India Commercial Vehicles Private Limited, Hero MotoCorp Limited, Modicare Limited, Panasonic Life Solutions India Private Limited, Dennis Eagle Limited, Electricity North West Limited, Yamaha Motor India Private Limited, and Torrot Electric Europa, S.A., and so on.

TVS Supply Chain Solutions registered a total income of ₹92,999.36 million in Fiscal 2022.

For year/ period ended ( in Cr.)

H1FY23 FY22 FY21
Total Revenue 1,03,110 92,999 69,996
Profit After Tax 417.61 (458.00) (763.44)
EPS 1.40 (1.41) (2.18)
OPM (%) 0.44% 0.50% -2.37%
PATM (%) 0.41% -0.49% -1.09%


  • Critical scale in a fast-growing and fragmented third-party logistics market in India;
  • Leader in end-to-end solutions enabled by domain expertise, global network and knowledge base;
  • Robust in-house technology differentiation;
  • Long and consistent track-record of successful integration of acquisitions to support capabilities and customer acquisition;
  • Long-term customer relationship in diversified and attractive industries through encirclement;
  • Resilient business model with multiple drivers of profitable growth; and
  • Strong parentage with management team with cross industry experience
  1. 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
  2. General corporate purposes.

TVS Group Company is coming with an IPO after a gap of 32 years by TSCSL has been the talk of the town. The company has maintained its leadership in the supply chain solutions segment and will continue to do so as indicated in its financial track records. Though the IPO is priced aggressively. Hence, Investor should subscribe for long term horizon.

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