TVS Supply Chain Solutions Limited IPO

TVS Supply Chain Solutions (TVS SCS) has over 100 years of experience addressing supply chain challenges for international organisations, government departments, large and medium-sized businesses through fully integrated service offerings. The company provides a range of supply chain services from Integrated Supply Chain Solutions to Global Forwarding and Last Mile Solutions tailored to customers’ needs.

TVS SCS has grown organically and through strategic acquisitions to become a fully integrated global supply chain provider with over 18,000 dedicated employees.

The IPO consists of a fresh issue of ₹2,000 crore and an offer for sale (OFS) of up to ₹3,000 crore.

The company will use a majority of the net proceeds from the IPO

  • Rs.1,166 crores will be deployed to repay or prepay its outstanding borrowings to assist the company in maintaining a favourable debt to equity ratio and enable utilisation of internal accruals for further investment in business growth and expansion
  • Deploy Rs.75.2 crore in FY23 towards the capitalisation of its strategically important subsidiaries in Germany, US and Thailand and to tap the growth opportunities in these markets
  • Rs.60 crores will also be infused in the company’s UK arm, to increase its stake in Rico UK to 100%
  • Remaining amount will be deployed towards inorganic growth and general corporate purposes

Opening Date

10th Aug 2023

Closing Date

14th Aug 2023

Price Band

₹ 187 - ₹ 197  

Issue Size

₹ 880 Cr

Face Value     

₹ 1/-     

Market Lot


Listing at NSE, BSE

IPO Open Date Thursday, 10 August 2023
IPO Close Date Monday, 14 August 2023
Allotment Date Friday, 18 August 2023
Initiation Of Refunds Monday, 21 August 2023
Credit Of Shares To
Demat Account
Tuesday, 22 August 2023
IPO Listing Date Wednesday, 23 August 2023
UPI Mandate Expiry Date 5 PM on Aug 14, 2023

IPO Financials

Particulars 2019 2020 2021
Revenue from Operations (₹ million) 67,799.15 66,045.49 69,335.98
Total Income (₹ million) 68,337.56 67,927.62 69,996.91
Restated profit/ (loss) for the period (₹ million) 325.51 2,480.02 763.44
Total assets 46,792.64 54,629.15 49,900.60
Total expenses 68,176.02 70,367.54 71,657.88
Total equity 6,599.40 5,906.25 5,906.25
EBITDA (₹ million) 5,203.36 2,434.85 3,866.90
EBITDA Margin (%) 7.67% 3.69% 5.58%
Adjusted EBITDA (₹ million) 5,411.44 2,958.22 4,423.38
Adjusted EBITDA Margin (%) 7.98% 4.48% 6.38%

How to apply in IPO via UPI on Dynami

A simple and smartest way to Apply in IPO online via Religare Dynami Mobile App

Why should you invest in TVS Supply Chain Solutions IPO?

Below are your top reasons:

  • Due to favourable working conditions and cost-effectiveness, many global manufacturing companies are shifting their base to India. In 2020, Global Manufacturing Index has ranked India second in the list of most attractive manufacturing globally.
  • Consumption across end-user industries in the domestic market will result in increased demand for logistics services in India.

Know before investing


Critical scale in a fast-growing and fragmented third-party logistics market in India

Robust in-house technology differentiation

Long and consistent track-record of successful integration of acquisitions to support capabilities and customer acquisition


Failure to maintain relationships with network partners and other third parties or unreliable or unsatisfactory services provided by them

Any disruption or failure of technology infrastructure and software suite in business operations

Impairment or termination of long-term relationships with key customers or failure to renew agreements with such customer or expand scope of services provided to them

How to apply for TVS Supply Chain Solutions Limited IPO ?

Retail investors need to apply for the IPO using UPI


  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe for TVS Supply Chain Solutions Limited IPO and approve the payment on your UPI ID.

Demat Account

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Frequently asked questions

  • An IPO also known as initial pulic offering or stock launch is a process when a private company sale its shares to public for the first time. Learn more about IPO at our knowledge centre.

  • TVS Supply Chain Solutions consists of a fresh issue of ₹2,000 crore and an offer for sale of up to 595 lakh equity shares.

  • A lot size is the minimum number of shares that an investor has to bid for. A lot size differs for each IPO and is fixed by the company.

  • IPO Price Band is the price range within which investors can bid for the shares. The minimum price is called the floor price and the maximum price is called the cap price.

  • Issue size is the total value of an IPO. It is calculated by multiplying the number of shares offered by the company by the issue price per share.

  • You will receive an email on your registered email id if the IPO shares are allotted to you. Alternatively, you can also visit the registrar of the company’s official website and provide the details as asked in the allotment status section of the website.

  • IPOs, as such, do not have any taxes. You are taxed only when you decide to sell the IPO shares. Any monetary profit you make while selling the IPO shares is referred to as 'capital gains'.

    Capital gains tax is charged depending on how long you held the shares for. If you owned the shares for less than 12 months, it is considered as short-term capital gains and if it is over 12 months, it is referred as long-term capital gains.

    Tax on short-term capital gains is 15%. It is 10% for equity gains in the long run (over 12 months). Do remember that you are taxed if the equity proceeds exceed Rs 1 lakh.