TSV Holdings’ core business provides expertise and tailored solutions for technology, sound and visual requirements, as well as ongoing service commitment, speciality product supply and application. Solutions include quick service (drive thru) restaurant systems, intercom, public address systems and security solutions; including closed circuit TV, intruder detection systems and access control.

TSV Holdings Initial Public Offer (IPO) raised AUD $6 million and closed a week early due to oversubscriptions. The IPO received excellent support from both Australian Institutional and Retail investors.

TSV Holdings Managing Director, Mr Hilary Evans said: “The success of TSV Holdings’ IPO is a testament to the expertise, commitment and innovation we provide to our clients as well as the continued market need for superior, tailored electronic communication solutions.”

The company is positioned to grow extensively and the Board and management intend to use the capital derived from the listing to grow market share.  TSV has many long term service agreements and the listing monies will aid new business planning to source new clients, especially large blue-chip corporations, retail chains and Government.

“We are very pleased with investor support for the IPO & ASX listing and believe that the strong business base and good management will continue to gain support from Institutional and Retail investors,” said Daniel Sharp, Executive of Lodge Partners, the underwriter to the IPO.

TSV Holdings already has a strong core client base which includes Coles Myer, Woolworths, V-Line Rail Network, Gandel Shopping Centres, McDonalds, Burger King, Hungry Jacks, Red Rooster and KFC.

“We are positioned extremely well for organic growth and growth via appropriate acquisitions. The large and relatively under‑served electronic communications market provides TSV Holdings with a significant business opportunity and bright outlook for the future,” added Mr Evans.

The Initial Public Offering (IPO) was fully underwritten by Lodge Partners, an institutional broking firm specialising in companies outside the S&P/ASX 100 index. Lodge Partners recently acted as underwriter for the highly successful IPO’s of McMillan Shakespeare Limited and Tassal Group Limited and was sponsoring broker for the IPO of Medical Developments Australia Limited.