TSC India IPO Details
The key details of TSC India’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹25.89 Cr |
| Price Range | ₹68 - ₹70 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 4,000 |
| Investment (cut-off price) | ₹2,80,000 |
| Pre IPO Promotor Holding | 90.74% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
TSC India IPO Timelines
The IPO process for TSC India includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
23/07/2025
Start Date25/07/2025
End Date29/07/2025
Refund Initiation29/07/2025
Credit of Shares to Demat Ac30/07/2025
Listing DateTSC India IPO Lot Size
The TSC India IPO has a fixed lot size of 2,000 shares, at an upper price band of ₹70 per share. For retail investors, the minimum and maximum application is 4,000 shares (2 lots) amounting to ₹2,80,000. For S-HNI investors, the minimum application is 6,000 shares (3 lots) worth ₹4,20,000 and the maximum is 14,000 shares (7 lots) amounting to ₹9,80,000, while B-HNI investors need to apply for at least 16,000 shares (8 lots) totaling ₹11,20,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 4000 | ₹2,80,000 |
| Retail Maximum | 2 | 4000 | ₹2,80,000 |
| S-HNI Minimum | 3 | 6000 | ₹4,20,000 |
| S-HNI Maximum | 7 | 14000 | ₹9,80,000 |
| B-HNI Minimum | 8 | 16000 | ₹11,20,000 |
TSC India IPO Subscription Status
The subscription status for TSC India IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 40.03x | 133.17x | 66.47x | -- | 73.21x |
IPO Performance on Listing Day
On the listing day (July 30, 2025), TSC India made a muted debut on the stock exchange. The stock opened at ₹68, registering a slight discount of 2.9% against its issue price of ₹70. However, during the trading session, the stock recovered steadily, climbing to a high of ₹71.40 while touching a low of ₹64.60. The shares concluded their first trading day at ₹71.40, closing with a modest gain of 2% over the issue price, reflecting a cautiously optimistic investor response toward this engineering solutions company.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹68.00 | ₹71.40 | ₹71.40 | ₹64.60 |
TSC India IPO Company Financials
TSC India reports robust performance in FY2024 with Total Income of ₹19.35 crores, managing expenses at ₹12.53 crores, and achieving a strong PAT (Profit After Tax) of ₹4.69 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹4.51 | ₹2.15 | ₹0.29 |
| FY 2023 | ₹9.30 | ₹7.03 | ₹1.19 |
| FY 2024 | ₹19.35 | ₹12.53 | ₹4.69 |
| FY 2025 (3 M) | ₹5.99 | ₹3.81 | ₹1.35 |
About Company
Incorporated in 2003, TSC India Limited is a travel management company specializing in air ticketing and comprehensive travel solutions for the B2B and corporate sectors. Partnering with airlines and travel agents, TSC delivers cost-effective services such as booking management, analytical reporting, and strategic travel consulting. Its operations span major Indian cities, including New Delhi, Ahmedabad, and Pune, reflecting a growing national footprint. The company manages over 12,000 bookings monthly and served more than 2,100 customers by June 2024, showcasing its strong operational efficiency and market presence.
TSC India emphasizes client satisfaction through a wide range of services including 24/7 emergency support, transparent pricing, and integrated travel management platforms. Its experienced team delivers tailored solutions, ensuring clients receive timely, efficient, and value-driven travel planning. The company employs 77 professionals across functions like sales, operations, finance, and R\&D, supporting its commitment to service quality and innovation in the travel management space.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2003 | Hospitality & Travel | Ashish Kumar Mittal |
Know Before Investing
TSC India IPO Strengths
- TSC India has multiple years of operational experience in its sector, demonstrating market resilience and a growing network of business relationships.
- The company specializes in comprehensive air ticketing and travel management, providing end-to-end solutions to its clients and enabling convenience under a single platform.
- TSC India’s business model is built around customized service delivery, catering to diverse travel needs and ensuring higher client retention.
- Through strong service delivery and effective marketing, TSC India has consistently expanded its client base, promoting steady revenue inflow.
- The organized travel and air ticketing segment in India is on a growth trajectory, aided by increasing digital adoption and consumer travel demand.
- The company streamlines ticketing, booking, and support processes, utilizing industry best practices to ensure quick turnaround and reduce operational bottlenecks.
TSC India IPO Risks
- TSC India’s business is highly correlated with trends in the global and domestic travel industry. Any downturn due to global events, pandemics, regulatory changes, or economic slowdowns can significantly impact demand for travel services and affect the company’s revenues.
- The travel services sector is fiercely competitive with rapidly evolving digital technologies. Failure to adapt to new platforms, distribution methods, or customer preferences can erode market share and profitability.
- The company’s operations are capital-intensive, relying on timely payments and large transaction volumes. Any disruption in collections or rising receivables can strain liquidity and operational continuity.
- Being in a highly regulated sector, changes in aviation, tourism, or data privacy laws could introduce compliance costs or restrict key business practices, affecting service delivery and margins.
- If a significant portion of revenue is derived from a limited number of clients or sectors, the loss of a major customer or adverse conditions in a key segment would have a material effect on financials.
Swot Analysis for TSC India IPO
Strengths
Global Footprint and Reputation, Diverse Product and Service Portfolio, Strong Supply Chain and Strategic Acquisitions
Weaknesses
Relative Market Scale, Product Awareness in India, Dependency on Technology Integration
Opportunities
Growth in Automation and Digital Transformation, Sustainability and Compliance Needs, Industry-Specific Solutions
Threats
Intense Global and Local Competition, Rapid Technological Change, Regulatory and Compliance Risks
Company Details
TSC India Ltd.
Office No. 3, 2nd Floor, Midland Financial Centre, Plot No. 21-22, G.T. Road, Jalandhar, Punjab, India, 144001
Phone: +91-181-4288888
Email: cs@tscpl.biz
Website: https://www.tscindialimited.com/
IPO Registar Details
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
FAQs
The key objectives of TSC India SME IPO are:
- Working Capital Requirements of the Company
- General Corporate Purposes
- Issue Expenses
Expert Global Consultants Private Limited is the book-running lead managers for the TSC India IPO.
TSC India’s IPO offers strong growth potential, backed by a more than fourfold revenue increase and over fifteenfold profit growth since FY22. The company’s improving margins and operational efficiency highlight its scalability in the B2B travel sector. With a growing customer base and nationwide presence, TSC is well-positioned to capitalize on rising corporate travel demand.
The issue price for the TSC India IPO is set between ₹68 to ₹70 per share.
To invest in two lot of TSC India IPO, you need ₹2,72,000 at the lower price band (₹68 per share) or ₹2,80,000 at the upper price band (₹70 per share) for a lot size of 4000 shares.
TSC India IPO shares are scheduled to be listed on the National Stock Exchange (NSE) on July 30, 2025.
Refund/unblocking of funds for TSC India IPO will begin on July 29, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your TSC India IPO shares on listing day (July 30, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.