The TVS Mobility group’s, IPO opens tomorrow on the 10th Aug 2023 with an opening band of ₹187.00-197.00 per share.
This multinational company is one of India’s largest Supply Chain Management and Logistics endeavours serving varied international organizations, government departments and large & mid-size businesses. They have an extensive array of experience working for various industries, including Defence, Engineering, Rail, FMCG, Automotive, Utilities, E-Commerce and Health care.
The minimum investment in this mid-cap logistics company is 1 lot of 76 shares for ₹14,212.00 whereas the maximum investment costs ₹4,94,076.00 for 33 lots of 2508 shares.
Check Dates, Price, Lot, and other details here.👆
With pre-bidding on for a week now, the company’s IPO standing depends upon a few markers that investors may consider.
The negative ones account for the massive losses incurred in 2021 & 2022 of ₹763.44 million and ₹458 million respectively, as well as the company and its subsidiaries are also facing criminal and tax-related legal proceedings.
Despite these challenges, the company has managed to generate a high revenue of ₹1,02,353.00 million in 2023 from a bare ₹69,335.98 million in 2021 within 3 years of operations. Over the last few years, the brand has done more than 20 acquisitions in the last 15 years of growth across Europe, the United Kingdom, the United States and the Asia Pacific (including India).
More than 100 years of experience in the industry, amounts to the credibility of TVS as a brand in the Indian Market.