TSC India IPO
Open SmeCurrent GMP
₹10 (+14.29%)
Price Band
₹ 68 – 70
Lot Size
2000
Issue Size
₹25.89 Cr
Minimum Investment
₹280000 (4000 Shares)
Listing Date
30 July 2025
Subscription
73.5x
About the Company
Established in 2003, TSC India Limited is a travel management company specializing in comprehensive air ticketing services, with a strong focus on the B2B and corporate travel sectors. The company collaborates with airlines and travel agents to deliver cost-effective, streamlined travel solutions tailored to its clients' needs.
TSC partners with various travel service providers to manage end-to-end travel planning, including flight bookings and corporate itinerary organization. With operations across key Indian cities such as Jalandhar, Chandigarh, Lucknow, Ahmedabad, Jaipur, New Delhi, and Pune, the company continues to expand its geographic footprint.
Client Base and Market Presence
TSC serves a broad range of clients including travel agencies, corporate entities, and tour operators. As of June 30, 2024, the company had registered over 2,100 customers, reinforcing its strong position in the B2B travel segment. Operationally, the company handles more than 420 bookings daily, 3,000 weekly, and over 12,000 monthly, demonstrating a high degree of efficiency and scale.
Over the past three years, TSC has facilitated the sale of approximately 200,000 tickets, primarily for retail, corporate, and tour operator clients.
Service Portfolio
TSC India offers a suite of travel services designed to simplify and optimize travel planning:
- Booking Management: Efficient systems for accurate and timely air travel reservations
- Analytical Reporting: Travel data insights to help clients monitor usage patterns and optimize travel spend
- Cost-Effective Solutions: Competitive pricing through partnerships and negotiations
- Consulting Services: Expert guidance and negotiation to secure favorable travel terms
- 24/7 Emergency Support: Round-the-clock assistance at no additional cost
- Transparent Practices: Clear communication of pricing, terms, and policies
- Integrated Travel Platform: A one-stop platform for booking and managing travel services
- Customer-Centric Approach: Skilled professionals focused on client satisfaction and personalized service
Technology & Competitive Strengths
- Automated Accounting Tools: Streamline financial and travel expense management
- Real-Time Updates: Live information on flights, hotels, and bookings
- Instant Booking & Confirmation: Reduces delays and uncertainty
- Comprehensive Offerings: Flights, accommodations, car rentals, and more on a unified platform
- GDS Integration: Access to Global Distribution Systems for a wide range of travel services and competitive rates
- End-to-End Support: Full assistance from inquiry through to booking confirmation
As of September 30, 2024, TSC employed 77 professionals across departments such as Administration, Finance, HR, Projects, Procurement, R&D, Sales, Operations, and Design.
TSC India continues to build on its legacy of delivering reliable, cost-effective, and client-focused travel solutions. Its integrated platform, experienced team, and growing customer base position it as a trusted partner in the corporate and B2B travel industry.
Promoters
- Mr Ashish Kumar Mittal
- Mrs Puja Mittal
- Mr Vinay Gupta
Promoters Holding
Holding Pre Issue
90.74%
Holding Post Issue
0.00%
Objects of the Issue
The Company TSC India IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
- Working Capital Requirements of the Company
- General Corporate Purposes
- Issue Expenses
Address / Contact Info
TSC India Ltd.
Office No. 3, 2nd Floor
Midland Financial Centre,
Plot No. 21-22, G.T. Road,
Jalandhar, Punjab, 144001
Phone: +91-181-4288888
Email: cs@tscpl.biz
Website: https://www.tscindialimited.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 23 July 2025
IPO Close Date
Friday, 25 July 2025
Basis of Allotment
Monday, 28 July 2025
Initiation of Refunds
Tuesday, 29 July 2025
Credit of Shares to Demat
Tuesday, 29 July 2025
Listing Date
Wednesday, 30 July 2025 — NSE & BSE
Important Dates
Open Date
23 July 2025
Close Date
25 July 2025
Basis Of Allotment
28 July 2025
Listing Date
30 July 2025
Financial Performance (₹ in Crores)
| Particular | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 45.29 | 54.03 | 26.16 | 14.55 |
| Revenue | 6.13 | 20.72 | 9.85 | 4.92 |
| Profit After Tax | 1.35 | 4.69 | 1.19 | 0.29 |
| Net Worth | 12.23 | 8.67 | 4.53 | 3.57 |
| Reserve & Surplus | 8.09 | 6.75 | 2.61 | 1.65 |
| Total Borrowings | 9.74 | 17.76 | 13.08 | 4.75 |
EPS Pre
0.00%
EPS Post
0.00%
P/E Pre
0.00
P/E (Post Issue)
0.00x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI As On |
|---|---|
| ROE % | 54.1 |
| ROCE % | 27.39 |
| Debt / Equity | 0 |
| RoNW % | 54.1 |
| PbW | 0 |
| Pat Margin % | 24.25 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 702000 | 28.54 | 0 |
| Non-Institutional | 528000 | 21.46 | 0 |
| BNII | 352000 | 14.31 | 0 |
| SNII | 176000 | 7.15 | 0 |
| Retail Investors | 1230000 | 50 | 0 |
| Total | 2460000 | 100 | 0 |
Subscription Status ( Fri, 25 Jul 25 01:39 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 702000 | 28182000 | 40.15x |
| Non-Institutional | 528000 | 70510000 | 133.54x |
| BNII | 352000 | 57300000 | 162.78x |
| SNII | 176000 | 13210000 | 75.06x |
| Total | 2460000 | 180804000 | 73.5x |
| Retail Investors | 1230000 | 82112000 | 66.76x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | 280,000.00 |
| Retail (Max) | 2 | 4,000 | 280,000.00 |
| S-HNI (Min) | 3 | 6,000 | 420,000.00 |
| S-HNI (Max) | 7 | 14,000 | 980,000.00 |
| B-HNI (Min) | 8 | 16,000 | 1,120,000.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- Expert Global Consultants Private Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
TSC India IPO is a Book-building IPO worth ₹25.89 crores. The price band is ₹68 to 70 per share. The IPO opens on Wed, Jul 23, 2025 and closes on Fri, Jul 25, 2025. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The TSC India IPO opens on Wed, Jul 23, 2025 and closes on Fri, Jul 25, 2025
TSC India IPO Price Band is ₹68 to 70.
TSC India IPO lot size is 2000, and the minimum amount required for application is ₹280000.
The minimum investment for TSC India IPO is approximately ₹280000 based on the upper price band.
To apply for the TSC India IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Jul 25, 2025. After submission, funds are blocked until the basis of allotment of TSC India IPO is finalised.
TSC India IPO issue size is ₹25.89 crores.
TSC India IPO allotment date is Sat, Jun 27, 2026.
The registrar for TSC India IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to TSC India IPO through their official website or helpline.
The TSC India IPO GMP (Grey Market Premium) is ₹10 as of Wed, Jul 30, 2025. Based on the upper price band of ₹70 per share, the estimated TSC India IPO listing price is ₹80, indicating a potential listing gain of approximately 31% over the issue price.