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 FY$23$ to $10,235$ crore

from a year ago. It posted a net profit of $41\mathrm{.}76$ crore in FY$2023$ compared to a net loss of

$45\mathrm{.}80$ crore the previous year