TVS Supply Chain Solutions IPO Opens Today, ₹880 Crore Issue Size
TVS Supply Chain Solutions, a company that helps manage the movement of goods for other businesses, is getting ready to let people buy a part of its ownership.
Starting from August 10 until August 14, people can buy these ownership parts, which are called shares. The company plans to raise about Rs 880 crore from this process.
The price range for each share is between Rs 187 and Rs 197. After people buy these shares, they can trade them on two stock exchanges in India, namely BSE and NSE. The company is expected to officially start trading on these exchanges on August 23.
TVS Supply Chain Solutions helps big businesses and even government departments with their supply chain needs. This means they help in managing the process of getting things from where they’re made to where they need to go.
They offer different services like managing warehouses, transportation, and more. They also use technology to make this process efficient.
Before people can buy the shares, the company needs to allot or distribute them. This will happen on August 18. Depending on how much people want to invest, they can buy a minimum of 76 shares or a maximum of 988 shares.
The company plans to use the money they raise from selling these shares to pay back loans they took and for their regular business needs.
TVS Supply Chain Solutions is known for its efficient services and technology-driven solutions, and it has been growing quickly in recent years. It’s a valuable company in the logistics field, helping businesses move their products effectively and save costs.
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TVS Supply Chain Solutions (TVS SCS) is a third-party logistics provider that offers comprehensive supply chain management services to various industries. Its business model is based on end-to-end solutions, technology-enabled operations, global reach, and customer focus.
TVS SCS has experienced rapid growth, reporting a revenue of INR 3,000 crore and a profit of INR 200 crore in 2022. The company offers cost savings, improved efficiency, increased visibility, and peace of mind to its customers.
