TVS Logistics Services Ltd (TVSL), a subsidiary of Chennai-based TV Sundaram Iyengar and Sons Ltd, is planning to go public by 2016. The firm has met about five-to-six investment bankers and started talks over a possible initial public offering (IPO), according to two persons familiar with the plans. TVS Logistics provides supply chain management, inbound and outbound logistics and warehousing services.
The management has talked to a few Indian as well as foreign investment banks as part of going public, said the first person.