TSC India Limited IPO...
21 Jul, 2025
TSC India Limited IPO
TSC India Limited IPO is bookbuilding Initial Public Offering of ₹25.89 crores, with a price band set at ₹68 to ₹70 per share. The IPO subscription opens on 23rd July, 2025 and closes by 25th July, 2025. Allotment of the IPO is expected to be finalised by 28th July, 2025 and is to be listed on NSE SME with a tentative listing date of 30th July, 2025. For a retail investor, the minimum lot size investment required is ₹2,72,000 (4,000 shares) and for HNIs is 6,000 shares amounting to ₹4,20,000.
Company Background
TSC India Limited was established as a travel management company that specializes in providing air ticketing services for its clientele. TSC partners with multiple airlines as well as travel agents to provide cost-effective travel solutions with a focus on B2B and corporate sectors.
TSC provides travel planning, which includes booking flights and organizing corporate itineraries for clients in various cities such as Lucknow, Jalandhar, Ahmedabad, Jaipur, New Delhi, Chandigarh and Pune which reflects its expanding presence in India.
Operations and Product Range
Facility and Production
TSC offers various services to its clients such as accurate air travel reservations, analytical reporting systems, consulting and negotiation expertise, 24/7 emergency support and integrated one-stop solutions. By 30th September, 2024, TSC had employed 77 people across various departments in the company.
Brand and Market Presence
The company caters to a diverse clientele, which includes tour operators, corporations and travel agencies. The company is responsible for managing more than 420 bookings on a daily basis, 3,000 bookings on a weekly basis and about 12,000 bookings on a monthly basis, which demonstrates their operational efficiency. Till 30th June, 2024, the company registered over 2,100 customers, highlighting its strong presence in the B2B travel market.
Revenue Channels
TSC India’s primary revenue is generated through its travel services especially air ticketing and corporate travel services in partnership with travel service providers. The company has a focus on the corporate sector; its business model is geared towards providing cost-effective and streamlined travel solutions for businesses.
Management and Shareholding
Promoters & Shareholding
The promoters of TSC India Limited IPO are Mr. Ashish Kumar Mittal, who is the managing director of the corporation; Mrs. Puja Mittal, The Chairperson and Non-Executive Director of the company and Mr. Vinay Gupta, who is the Executive Director of the company.
Board Members
The current board members of TSC India Limited are:
- Mrs. Puja Mittal (Chairperson & Non-Executive Director)
- Mr. Ashish Kumar Mittal (Managing Director)
- Mr. Vinay Gupta (Executive Director)
- Mr. Saket Sharma (Independent Director)
- Mr. Aman Kesarwani (Independent Director)
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
TSC India Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
TSC India Limited IPO Details
| Detail | Description |
|---|---|
| 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) Prabhat Financial Services Ltd. |
| 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 Limited IPO Timeline
| Detail | Description |
|---|---|
| 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 Limited IPO Lot Size
| 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 Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Share Holding Pre Issue | 90.74% |
| Share Holding Post Issue | - |
Competitive Strength:
- ● TSC India Limited provides automated accounting solutions which are designed to simplify the process of financial management.
- ● It offers real-time updates on flights and hotels to its clients.
- ● The company provides support throughout the booking process, starting from inquiries to confirmations.
- ● They provide Instant booking and confirmation services.
- ● Their platform provides various travel services like flights, accommodations, as well as car rentals.
- ● They have established a system to provide quick and reliable booking confirmations in order to reduce uncertainties and delays.
- ● The TSC India Limited platform integrates with Global Distribution Systems (GDS) so as to access various travel services and competitive rates.
TSC India Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 61.45 | 26.32 | 4.93 | 15.83 | 25.53 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 53 | 21 | 5 | 9 | 17.76 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 26.16 | 9.85 | 1.22 | 4.56 | 13.08 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 31.13% |
| ROCE | 19.49% |
| RoNW | 31.13% |
| PAT Margin | 19.11% |
| EBITDA Margin | 33.96% |
| Price to Book Value | 1.55 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.53 | 4 |
| P/E (x) | 15.44 | 18 |
Objectives of TSC India IPO
The main objectives of the TSC India Limited IPO is to provide funding for its working capital requirements to fulfill capital requirements for general corporate purposes and cater to issue expenses.
Conclusion
TSC India IPO gives a chance to its investors to participate in a company that offers expert travel booking solutions to clients. The firm manages more than 420 bookings daily, 3,000 bookings weekly and 12,000 bookings monthly demonstrating its operational efficiency, making the company a notable player in the engineering consultancy industry.
RHP:
DRHP:
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Frequently asked Questions (FAQs )
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1. When will theTSC India IPO be listed?
The IPO is expected to be listed on NSE SME by 30th July, 2025.
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2. Who are the promoters of the IPO?
The promoters of the TSC India Limited are Mr Ashish Kumar Mittal (managing director); Mrs Puja Mittal (Chairperson and Non-Executive Director) and Mr Vinay Gupta(Executive Director).
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3. What are the objectives of TSC India IPO?
provide funding for its working capital requirements to fulfill capital requirements for general corporate purposes and cater to issue expenses.
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4. What is the issue size and price of the TSC India IPO?
TSC India Limited IPO is bookbuilding Initial Public Offering of ₹25.89 crores, with a price band set at ₹68 to ₹70 per share.
