Can you tell me about the forthcoming IPO of TVS Supply Chain Solutions?

TVS Supply Chain Solutions, part of the south-based TVS group, has filed DRHP with SEBI for its proposed Rs.5,000 crore IPO. The overall IPO will comprise of a fresh issue of Rs.2,000 crore and an OFS for the balance Rs.3,000 crore to give an exit route to early investors and partial monetization to promoters. Overall, the Promoters and early investors will offer a total of 5.95 crore shares in the offer for sale portion of the IPO of TVS Supply Chain.

Let us now turn to the fresh issue component of Rs.2,000 crore and its application. Out of the fresh issue, Rs.1,166 crore will be used by the company for debt repayment and for debt prepayment while about Rs.75 crore will be deployed to capitalize global subsidiaries of the company. TVS Supply Chain Solutions is currently present in over 25 countries across the globe and has served more than 60 Fortune-500 clients in the previous fiscal year itself.