TSC India Limited Link 
Allotment
TSC India Ltd. IPO is a book-built issue of ₹25.89 crore, consisting entirely of a fresh issue of 0.37 crore shares.
The IPO was open for bidding from July 23 to July 25, 2025, with allotment finalized on July 28, 2025. The shares were listed on NSE SME on July 30, 2025.
The price band for the issue was ₹70 per share. The lot size for an application is 2,000 shares, making the minimum investment for retail investors ₹2,72,000 (4,000 shares). For High Net-Worth Investors (HNI), the minimum application is 3 lots (6,000 shares), totaling ₹4,20,000.
Expert Global Consultants Pvt. Ltd. served as the book running lead manager, and Bigshare Services Pvt. Ltd. acted as the registrar. The market maker for the IPO is Prabhat Financial Services Ltd.
₹70
0%
Open
₹70
HIgh - Low
₹70
Previous Close
₹70
Total Traded Value
0
52 Weeks High
₹70
52 Weeks Low
₹70
Updates On
Jul 10, 2025
IPO. Open
Jul 23, 2026
IPO. Close
Jul 25, 2026
IPO. Price
₹70.00
IPO Market price
₹98.34 Cr
IPO Details
| IPO Date | 30 Jul |
| IPO Listing Date | 30 Jul |
| IPO Face Value | ₹10.00 per share |
| IPO Price Range | ₹70.00 |
| IPO Issue Size | 36,98,000 shares |
| IPO Sale Type | Fresh Capital |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | NSE SME Platform |
| Share Holding Pre Issue | 1,03,50,000 shares |
IPO Reservation
| IPO Open Date | 23 Jul |
| IPO Close Date | 25 Jul |
| IPO Allotment (Tentative) | 28 Jul |
| Refunds | 29 Jul |
| Credit to Demat Account | 29 Jul |
| IPO Listing Date | 30 Jul |
IPO Timetable
| Category | Offer |
|---|---|
| QIB Shares Offered | 17,52,000 Shares |
| NII (HNI) Shares Offered | 5,28,000 Shares |
| Retail Shares Offered | 12,32,000 Shares |
IPO Lot Size
investors must apply for at least 4,000 shares, and any additional shares must be in multiples of 2,000.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹2,80,000 |
| 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 Limited, incorporated in 2003, is a travel management company providing comprehensive B2B and corporate air ticketing solutions. Operating in cities such as Jalandhar, Chandigarh, Lucknow, Ahmedabad, Jaipur, New Delhi, and Pune, the company serves travel agencies, corporations, and tour operators. It manages over 420 bookings daily and 12,000 bookings monthly, supported by a team of 77 employees as of September 2024.
The company offers services including booking management, cost-effective travel solutions, analytical reporting, consulting support, and 24/7 emergency assistance. Its platform integrates flights, accommodations, and car rentals while leveraging Global Distribution Systems (GDS) for competitive rates and instant booking confirmations.
TSC India’s revenue grew by 28%, and profit after tax (PAT) increased by 4% between the financial years ending March 31, 2024, and March 31, 2025.
Competitive Strengths:
Automated solutions for simplified financial and booking management.
Real-time flight, hotel, and booking updates.
Quick and reliable confirmations, reducing delays and uncertainties.
Diverse service offerings: flights, accommodations, car rentals.
Integration with Global Distribution Systems (GDS) for access to multiple travel services at competitive rates.
Company Financials (Consolidated)
| Assets | 61.45 | 53.33 | 26.16 |
| Total Income | 26.32 | 20.59 | 9.85 |
| Profit After Tax | 4.93 | 4.72 | 1.22 |
| EBITDA | 8.75 | 8.19 | 2.82 |
| NET Worth | 15.83 | 8.74 | 4.56 |
| Reserves and Surplus | 5.48 | 6.82 | 2.64 |
| Total Borrowing | 25.53 | 17.76 |
Key Performance Indicator (KPI)
| ROE | 31.13% |
| ROCE | 19.49% |
| Debt/Equity | - |
| RoNW | 31.13% |
| PAT Margin | 19.11% |
| EBITDA Margin | 33.96% |
| Price to Book Value | 1.55 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | 22 |
| 3 | To meet out the General Corporate Purposes; | 1.14 |
| 4 | Offer for Sale (OFS) | - |
Contact Details
TSC India Ltd. Address
Office No. 3, 2nd Floor
Midland Financial Centre, Plot No. 21-22,
G.T. Road,
Jalandhar, Punjab, 144001
+91-181-4288888
cs@tscpl.biz
Detail Registrar
IPO Registrar
Bigshare Services Pvt.Ltd.
+91-22-6263 8200
ipo@bigshareonline.com
https://ipo.bigshareonline.com/IPO_Status.html
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