IPO Details
Issue Date
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Investment/lot
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Price Range
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Lot Size
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IPO Size
N/A
Schedule of TKW Supply Chain International Ltd
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
About TKW Supply Chain International Limited IPO
TKW Supply Chain International Limited IPO is an IPO of TBA. It consists of a fresh issue of up to 63,20,000 equity shares. The shares will be allotted on TBA. The credit of shares to the demat account will take place on TBA, and the initiation of refunds will take place on TBA.
Objective of TKW Supply Chain International Limited IPO
- To meet working capital requirements.
- General corporate purposes.
TKW Supply Chain International Limited IPO Valuation
| Detail | Information |
|---|---|
Upper Price Band (₹) | TBA |
Existing Shares to be Sold | -- |
Fresh Issue | Up to 63,20,000 Equity Shares |
EPS (₹) For the year ended March 31, 2024 | 5.10 |
TKW Supply Chain International Limited IPO Lot Size
| Investor Category | Shares Offered |
|---|---|
QIBs Share Offered | Not more than 50% |
Non-Institutional Bidders (NIBs) | Not less than 15% |
Retail Individual Investors | Not less than 35% |
Industry Outlook
The Indian logistics sector is one of the largest in the world and presents a huge addressable opportunity. The sector is critical to the country's economic growth, as it connects various elements of the economy and consists of transportation, warehousing, and other supply chain solutions ranging from suppliers to end customers. With its pivotal role in driving economic progress by facilitating the efficient movement of goods and services across the supply chain, the logistics sector contributes around 13-14% to GDP and provides a livelihood for more than 2.2 crores people. Following a 2% contraction in FY21, the market experienced a robust post-COVID recovery in FY22, witnessing a remarkable 14% growth and reaching a value of US$ 43,500 crores. As per the projections from EY, a leading global consulting firm, the logistics market in India is poised to expand further, reaching US$ 59,100 crores by FY27. The Indian government released the National Logistics Policy 2022 (NLP), which aims to boost economic growth by making the logistics sector more seamless and integrated.
Company Information
Incorporated in 2021, TKW Supply Chain International Limited is engaged in providing logistics solutions to its customers, which primarily include services such as freight forwarding, including ocean and air freight, customs clearance, and transportation handling for clients based both in India and overseas. They operate from their registered office in New Delhi, and their international logistics operations are supported by a network of partners and vendors, enabling them to meet client requirements across India and internationally. They deliver international logistics services via air and sea through this network of partners and vendors.
TKW Supply Chain International Limited IPO Strengths
Asset-light model: They operate their business primarily on the basis of an “asset-light” business model which enables them to offer solutions and services
Based on their client’s requirements and handle complexities that are unique to the logistics industry. This business model also allows them to manage any fluctuations in demand more efficiently and minimise any adverse effects resulting from cyclical mov
Established agency network and arrangements: They have been able to tap markets across the countries by establishing a strong relationship through their network with international companies. This network has complemented and enhanced its capabilities to m
Presence across multiple industry verticals with long-standing customer relationships: They provide our services to clients across various industry sectors such as manufacturing, transportation, energy, e-commerce, electronics, telecommunications etc. The
Risks of TKW Supply Chain International Limited IPO
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The majority of their freight forwarding business is dependent on air transportation services. Any adverse impact on air transportation services may have a negative effect on their results of operations and financial condition.
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Breakdowns, mishaps, or accidents could result in a loss or slowdown in operations and could also cause damage to life and property.
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Any disruptions that affect their ability to utilise the transportation network in an uninterrupted manner could result in delays, additional costs, or a loss of reputation or profitability.
All Financial Information about TKW Supply Chain International
Particulars (in Rs. crores)
Particulars (in Rs. crores)
Comparison with peers
| Parameter | TKW Supply Chain International Limited | Committed Cargo Care Limited | Brace Port Logistics Limited |
|---|---|---|---|
Revenue from operations for the year ended March 31, 2024 (₹ in crores) | 128.683 | 142.598 | 55.004 |
P/E | ---- | 32.70 | 17.27 |
EPS (Diluted) (₹) | 5.10 | 4.7 | 5.88 |
Return on Net Worth (%) | 45.73% | 7.11% | 35.52% |
Book Value (₹) | 184.081 | 0.536 | 0.166 |
Anchor Investor Information
The Anchor Investor Bidding Date shall be one Working Day prior to the Bid/Issue Opening Date.
IPO Registrar and Book Running Lead Managers
Book running lead managers:
Hem Securities Limited
Registrar for the IPO is Maashitla Securities Private Limited
Business Model
The company earns its revenue through providing logistics solutions to its customers, which primarily include services such as freight forwarding (including ocean freight and air freight), customs clearance, and transportation handling services for customers located both in India and abroad.
Company Growth Trajectory
During the period that ended 30 September 2024, revenue from operations stood at ₹87.21 crores. This includes revenue generated from providing logistics services to their customers. During the same period, other income amounted to ₹0.42 crores. The company reported a restated profit after tax of ₹5.47 crores for the period ended 30 September 2024.
Company Market Position
They have established long-standing relationships with a diverse set of customers. For the period ended 30 September 2024 and for the financial years 2024, 2023, and 2022, they catered to 188, 215, 198, and 24 customers, respectively, spanning multiple industries including manufacturing, transportation, energy, e-commerce, electronics, and telecommunications. They are a member of the Elite Global Logistics Network (WCA World), which has a wide network of freight forwarders from around the globe. They have also entered into mutual cooperation or agency agreements with parties located in Hong Kong and Shanghai, China, for maintaining and developing the general freight business between the territories under an agency relationship. This includes the inward and outward movement of cargo and carrying out all required operations and documentation work for cargo movement to and from India and the aforementioned territories.
TKW Supply Chain International Limited Company Profit & Loss
| Parameter | FY22 | FY23 | FY24 |
|---|---|---|---|
Revenue from operations (₹ crores) | 18.321 | 158.057 | 128.683 |
Profit Before Tax (₹ crores) | 1.389 | 11.950 | 11.294 |
Net profit / (loss) (₹ crores) | 1.038 | 8.942 | 8.418 |
EBITDA (₹ crores) | 1.389 | 12.022 | 10.249 |
EPS (₹) | 0.63 | 5.42 | 5.10 |
TKW Supply Chain International Limited Cash Flow
| Parameter | FY22 | FY23 | FY24 |
|---|---|---|---|
Profit before tax (₹crores) | 1.389 | 11.950 | 11.294 |
Net Cash from Operating Activities (₹ crores) | 0.382 | (1.298) | 9.518 |
Net Cash from Investing Activities (₹ crores) | -- | (0.005) | (0.050) |
Net Cash from Financing Activities (₹ crores) | 0.010 | 2.285 | (2.428) |
Cash and Cash Equivalents (₹ crores) | 0.392 | 1.375 | 8.414 |
How To Check Allotment Status of TKW Supply Chain International Limited IPO?
You can check the allotment status of shares either on the website of the National Stock Exchange (NSE) or on the website of the registrar Maashitla Securities Private Limited.
To check the status on the NSE website:
- Visit the NSE website
- Click on “Investor Services” and choose “Application Status Check”
- Choose the issue type — Equity or Debt (Equity in this case)
- Select the Issue Name from the drop-down. The issue name is the company’s name, which is TKW Supply Chain International Limited
- Enter your application number or PAN number
- Check the box which says “I’m not a Robot” and click on “Search” to know the allotment status
Follow these steps to know the allotment status on the registrar’s website:
- Visit the Maashitla Securities Private Limited website
- Choose “Public Issues” from the “Investor Services” drop-down
- Select TKW Supply Chain International Limited from the drop-down
- Enter your PAN number or Application number
- Click on “Submit” to know the allotment status
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
TKW Supply Chain International Ltd IPO FAQs
What is the TKW Supply Chain International Limited IPO?
The TKW Supply Chain International Limited IPO has an issue size of TBA. The IPO opens for subscription on TBA and closes on TBA.
Who is the Registrar for the TKW Supply Chain International Limited IPO?
Maashitla Securities Private Limited is the registrar for this IPO.
Where can I read more about TKW Supply Chain International Limited business?
You may read more about TKW Supply Chain International Limited and its IPO from the company’s draft red herring prospectus (DRHP) here.
