Daily BriefsECM

Daily Brief ECM: TVS Supply Chain Solutions IPO – RHP Updates and more

In today’s briefing:

  • TVS Supply Chain Solutions IPO – RHP Updates, Peer Comparison & Thoughts on Valuation


TVS Supply Chain Solutions IPO – RHP Updates, Peer Comparison & Thoughts on Valuation

By Ethan Aw

  • TVS Supply Chain Solutions (1915741D IN) is looking to raise up to US$110m in its India IPO, after downsizing from an earlier float of up to US$500m.
  • TVS SCS is an Indian supply chain logistics solution provider which also has global capabilities and network across the value chain with cross deployment abilities, according to RedSeer. 
  • In our previous note, we looked at the company’s past performance. In this note, we talk about RHP updates, undertake a peer comparison and provide our thoughts on valuation.

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