TVS Supply Chain Solution IPO: Among the existing shareholders of TVS Supply Chain Solution are its founding company TVS Mobility, Investors Gateway Partners and Tata Capital Financial Services Ltd. According to the draft prospectus, the IPO plans to sell 59.48 million shares.
Here is the company’s plan
Its existing shareholders include its founding company TVS Mobility, Investor Gateway Partners and Tata Capital Financial Services Limited. According to the draft prospectus, the IPO plans to sell 59.48 million shares. The Chennai-based company plans to repay some of its loans. At the same time, it is also preparing to buy minority shareholders in its UK unit.
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Customers include well-known companies
TVS supply chain customers in India include Mahindra & Mahindra Limited, Daimler India Commercial Vehicles, Sony India and Hyundai Motor India. The company also has presence in the United Kingdom, Spain, Germany, Australia and Singapore.
In the report, the agency cited data from consultant Redsier. In its draft prospectus, it said direct spending in the Indian logistics market could double to $ 365 billion by March 2026.
Managing share sales
JM Financial Limited, Axis Capital Limited, JP Morgan India Private Bank are managing the sale of shares. At the same time, these include BNP Paribas, Edelweiss Financial Services and Equiras Capital. Another logistics company, Dilliveri, received approval to sell its initial shares last month. Through this, the company has been approved to raise Rs 74.6 billion. The sale of shares has not started yet. At the same time, LIC has to submit its DRHP. LIC’s IPO is expected to be the largest IPO in the country.
