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The 8 8 0 - crore initial public offering ( IPO ) of TVS Supply Chain Solutions will open for public subscription on Thursday. The

The 880-crore initial public offering (IPO) of TVS Supply Chain Solutions will open for
public subscription on Thursday. The company has fixed a price band of 187-197 per share
for the issue, which will close on Monday. The IPO comprises 600 crore of fresh issue and
an offer for the sale of shares worth 280 crore by the existing shareholders, including Tata
Capital, TVS Motors, Omega TC Holdings, and Kotak Special Situations Fund, among
others. The proceeds from the IPO will partly be used to reduce debt.
The company, in consultation with the book-running lead managers, has undertaken a preIPO placement, and accordingly, the fresh issue size has been reduced from 750 crore.
At the upper end of the price band, the valuation of the company stands at 8,750 crore.
The company has posted an 11% growth in revenue from operation in FY23 to 10,235 crore
from a year ago. It posted a net profit of 41.76 crore in FY2023 compared to a net loss of
45.80 crore the previous year.
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