Public Market

IPO

TVS Supply Chain Solution plans Rs.3,000-Cr IPO next year

Mint  

TVS Group plans to take its logistics business - TVS Supply Chain Solutions (TVS SCS) - public, with an INR 2,500-3,000 crore IPO in the first half of next year. It has appointed JM Financial, Axis Capital and JP Morgan to prepare the draft prospectus for the IPO, expected to be filed early next year. Chennai-based TVS SCS offers transportation, logistics, material handling, in-plant warehouse management, and aftermarket warehousing facilities in India. It also offers logistics and supply chain-related services in the UK, US, Spain, Germany and Thailand.