TVS Supply Chain Solutions lists on stock exchanges
TVSCS offers its services in two segments namely integrated supply chain solutions (ISCS); and network solutions (NS).
R Dinesh (executive vice chairman, TVS Supply Chain Solutions) and Ashishkumar Chauhan (MD & CEO, NSE) (centre) ring the bell in the presence of (L-R) TVS Supply Chain Solutions Management, Ravi Prakash Bhagavathula (CFO), Ravi Viswanathan (managing director), S. Mahalingam (chairman), S. Ravichandran (director, TVS Supply Chain Solutions), and R Shankar (executive director) during the listing ceremony of TVS Supply Chain Solutions at NSE
TVS Supply Chain Solutions, promoted by TVS Mobility Private, T.S. Rajam Rubbers, Dhinrama Mobility Solution, and Ramachandhran Dinesh, listed on the stock exchanges after the IPO.
The stock was listed at ₹207.05 as against the issue price of ₹197 and the trading closed at ₹200.95 at BSE and ₹201.10 at NSE on day one. At BSE the stock hit ₹208.50 and dropped to a low of ₹199 while at NSE it was ₹208.60 and ₹199.
“The fresh issue will be utilised for payment of debt availed by the company and its subsidiaries -- TVS LI UK and TVS SCS Singapore -- and for general corporate purposes,” reads the release.
Promoted by the erstwhile TVS Group and now part of TVS Mobility Group, TVS Supply Chain Solutions is an India-based multinational company, who pioneered the development of the supply chain solutions market in India. For the last 15 years, TVS SCS has managed large and complex supply chains across multiple industries in India and select global markets through customized tech-enabled solutions. The company’s global customers include 72 ‘Fortune Global 500 2021’ companies in the six-month period ended December 31, 2022. The Company’s customers span across numerous industries such as automotive, industrial, consumer, tech and tech infra, rail and utilities, and healthcare.
TVSCS offers its services in two segments namely integrated supply chain solutions (ISCS); and network solutions (NS). The company’s client list includes companies in the automotive, defence, engineering, FMCG, Rail, FMCG, Utilities, e-commerce, and healthcare industry. They have developed long-term relationships with a number of their clients, which has provided resilience to their revenue and profitability and some of their customers spans out for 7-15 years average.
