First new TVS Group company to enter the market in three decades; authorities consult with bankers on the best time.

Global supply chain solutions provider TVS Supply Chain Solutions intends to launch its initial public offering (IPO) this quarter. According to insiders, it was originally scheduled to list in June of last year but had to postpone due to negative market sentiment in the wake of Russia's assault against Ukraine.

A business from the TVS group is launching an IPO after almost 30 years. In 1994, TVS Electronics became the group's final firm to go public. The group on the listing has great hopes. The management wants the timing of the TVS-SCS listing to be precise, according to the sources. According to insiders, officials are currently consulting with lenders about the listing.

Four business verticals make up TVS-SCS, which is now a part of the TVS Mobility Group: supply chain solutions, production, car dealerships, and aftermarket sales & service. After TVS Motors, TVS-SCS is the second-largest business in the TVS family.

The IPO would consist of a fresh issuance of equity shares with a maximum value of 2,000 crore and an offer for sale, according to the Draft Red Herring Prospectus submitted to market regulator Securities and Exchange Board of India last year.