TVS Infrastructure Trust

TVS Infrastructure Trust is an Indian infrastructure investment trust, sponsored by TVS Industrial & Logistics Parks Private Limited. The Sponsor settled the Trust on March 26, 2024 and the Trust was registered with SEBI on April 22, 2024 as an InvIT in accordance with the InvIT Regulations. TVS Industrial & Logistics Parks Private Limited is the Sponsor and the Project Manager of the Trust. Additionally, TVS Infrastructure Investment Manager Private Limited has been appointed as the Investment Manager. Pursuant to Formation Transactions, the Initial Portfolio Assets are currently held by the Sponsor and have a potential of 10.67 msf. The Sponsor is part of the TVS Mobility Group, which is one of the leading automotive conglomerate in India with a wide diversified business interests. The Sponsor has a track record of over 19 years in the infrastructure sector which includes development and management of multiple industrial and logistics parks. Since its inception, the Sponsor developed 20 Parks in various locations across India, as of September 30, 2024. The Sponsor established its first Park in Chakan, Maharashtra, in 2006, which has an operational area of 0.37 msf. It developed about 1.13 msf of assets between 2009 and 2018, with Parks spread over Chakan in Maharashtra; Vaipur, Singdivakkam and Hosur in Tamil Nadu; and Bhubaneshwar in Odisha. Building upon the knowledge and capabilities developed during these years, it underwent a strategic expansion phase. New developments included a second Park in Hosur, Tamil Nadu in 2019, Coimbatore, Tamil Nadu in 2020, Red Hills, Tamil Nadu in 2021 and further expansions into Madurai, Singdivakkam, and Sulur in 2022, all through development, at Sullurpet in 2023 and at Siliguri, Kochi and Indore in 2024, respectively, through acquisition. As of September 30, 2024, the Sponsor owns five Parks which have an operational area of over 0.80 msf each. The Trust is proposing an initial public offer by raising funds aggregating upto Rs 1300 Crore Units, comprising a fresh issue of Rs 1050 Crore Units and an offer for sale of Rs 250 Crore Units.