TSC India IPO is a book-built issue worth ₹25.89 crores, consisting entirely of a fresh issue of 36.98 lakh equity shares. The company aims to raise funds to support its business expansion, working capital needs, and general corporate purposes.
The TSC India IPO opens for public subscription on July 23, 2025, and will close on July 25, 2025. The allotment of shares is expected to be finalized on July 28, 2025 (Monday), with a tentative listing date on the NSE SME platform scheduled for July 30, 2025.
The price band for the TSC India IPO is set between ₹68 to ₹70 per share. Investors can apply for a minimum of 2,000 shares, which makes one lot. For retail investors, the minimum investment amount is ₹2,72,000 (2 lots or 4,000 shares). High Net-Worth Individuals (HNIs) are required to apply for at least 3 lots (6,000 shares), which totals ₹4,20,000.
TSC India Limited is entering the market with strong fundamentals and a growth-focused strategy. Investors are advised to assess the company’s financials, peer comparison, and GMP trends before applying. Stay tuned for more updates and insights on the TSC India IPO.
TSC India IPO Details
| General | Detail |
|---|---|
| IPO Date | July 23, 2025 to July 25, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹68 to ₹70 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 36,98,000 shares (aggregating up to ₹25.89 Cr) |
| Reserved for Market Maker | 1,86,000 shares (aggregating up to ₹1 Cr) |
| Net Offered to Public | 35,12,000 shares (aggregating up to ₹24.58 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,03,50,000 shares |
| Share Holding Post Issue | 1,40,48,000 shares |
TSC India IPO Lot Size
Investors are required to place bids for a minimum of 4,000 equity shares and in multiples of 2,000 shares thereafter.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 4,000 | ₹2,80,000 |
| Individual investors (Retail) (Max) | 2 | 4,000 | ₹2,80,000 |
| S-HNI (Min) | 3 | 6,000 | ₹4,20,000 |
| S-HNI (Max) | 7 | 14,000 | ₹9,80,000 |
| B-HNI (Min) | 8 | 16,000 | ₹11,20,000 |
TSC India IPO Promoter Holding
| Share Holding Pre Issue | 90.74% |
| Share Holding Post Issue |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
TSC India IPO Timeline
| IPO Timeline | Dates |
|---|---|
| IPO Open Date | Wed, Jul 23, 2025 |
| IPO Close Date | Fri, Jul 25, 2025 |
| Tentative Allotment | Mon, Jul 28, 2025 |
| Initiation of Refunds | Tue, Jul 29, 2025 |
| Credit of Shares to Demat | Tue, Jul 29, 2025 |
| Tentative Listing Date | Wed, Jul 30, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 25, 2025 |
TSC India IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
Investor Category Reservations
| Application Category | Bidding Limits |
|---|---|
| Only Individual investor (retail) | 2 lots |
| Only sNII | 3 lots – 7 lots |
| Only bNII | 8 lots and above |
About TSC India IPO
TSC India Ltd., formerly known as TSC Travel Services Limited, was incorporated in 2003 and is headquartered in Jalandhar, Punjab. The company is a B2B-focused travel management provider, offering comprehensive air ticketing services to corporate clients and travel agencies across India. It has expanded its reach to cities like Delhi, Chandigarh, Lucknow, Jaipur, Ahmedabad, and Pune, providing reliable and cost-effective travel solutions.
TSC India Ltd. leverages over two decades of experience in the Indian travel industry and maintains strong partnerships with major airlines and travel agents. The company’s services are streamlined through technology-driven platforms to manage bookings, itineraries, and customer requirements efficiently. The team consists of over 100 skilled professionals dedicated to delivering client-focused travel services.
Financially, the company has shown significant growth in recent years. Its revenue increased from ₹4.51 crore in FY22 to ₹19.35 crore in FY24, while net profit jumped from ₹0.29 crore to ₹4.69 crore. The EPS (Earnings Per Share) surged from ₹1.50 in FY22 to ₹24.44 in FY24, highlighting the company’s improving profitability. This financial performance has generated strong interest in the TSC India IPO.
Read More
The TSC India IPO is expected to raise ₹25.89 crores through a fresh issue of 36.98 lakh shares. The IPO opens on July 23, 2025, and closes on July 25, 2025, with shares proposed to list on the NSE SME platform on July 30, 2025. The price band is ₹68 to ₹70 per share, with a minimum lot size of 2,000 shares. For retail investors, the minimum investment is ₹2,72,000, while HNIs can invest in 3 lots or more.
The TSC India IPO proceeds will be used for working capital and general corporate purposes, helping the company scale operations, invest in new technology, and strengthen its market presence. The IPO marks a strategic step forward in the company’s expansion journey.
Company Product
- B2B Air Ticketing: Corporate and agency-focused booking services
- Corporate Travel Solutions: Custom itineraries and end-to-end planning
- Flight Fare Aggregation: Access to competitive domestic & international fares
- 24/7 Booking Support: Dedicated team for seamless ticketing experience
Company Strengths
- Pan-India Presence across key metro cities
- Strong Airline Partnerships for competitive pricing
- Proven Growth Track Record with sharp revenue & profit rise
- Tech-Driven Operations that enable seamless travel bookings
- Experienced Management Team with 20+ years in the sector
Company Financials
TSC India Limited Financial Information
| Period Ended | 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 |
| Reserves and Surplus | 8.09 | 6.75 | 2.61 | 1.65 |
| Total Borrowing | 9.74 | 17.76 | 13.08 | 4.75 |
| Amount in ₹ Crore | ||||
Key Performance Indicator (KPI)
TSC India IPO commands a market capitalization of ₹98.34 crore, reflecting strong investor confidence and solid business valuation.
| KPI | Values |
|---|---|
| ROE | 54.10% |
| ROCE | 27.39% |
| RoNW | 54.10% |
| PAT Margin | 24.25% |
| Price to Book Value | 1.55 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.53 | 3.85 |
| P/E (x) | 15.44 | 18.17 |
- Note:
- Pre-IPO EPS is based on shareholding before the issue and FY March 31, 2024 data.
- Post-IPO EPS is based on post-issue shareholding and annualized earnings as of June 30, 2024, per RHP.
Objects of the Issue
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Working Capital Requirements of the Company | 220 |
| 2 | General Corporate Purposes | |
| 3 | Issue Expenses |
TSC India IPO Contact Details
TSC India Ltd. Contact Details
- 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/
TSC India IPO Registrar
- Bigshare Services Pvt Ltd
- Phone: +91-22-6263 8200
- Email: ipo@bigshareonline.com
- Website: https://ipo.bigshareonline.com/IPO_Status.html
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