TSC India IPO

Founded in 2003, TSC India Limited is a travel management company specialising in air ticketing for B2B and corporate clients. Operating in major Indian cities, it partners with airlines and agents to offer cost-effective travel solutions. Serving over 2,100 clients, TSC handles more than 12,000 bookings monthly. Its services include booking management, analytical reporting, and consulting. Clients benefit from 24/7 emergency support, transparent practices, and a unified platform for travel needs. With a customer-centric approach, TSC ensures efficient, affordable, and reliable travel services tailored to business requirements.

TSC India Limited IPO Overview

TSC India is launching an IPO through the book-building process, with a total issue size of ₹25.89 crores. This public offering comprises a complete fresh issue of 36.98 lakh equity shares. The IPO will open for subscription on July 23, 2025, and will close on July 25, 2025. The basis of allotment is likely to be finalised on Monday, July 28, 2025. The shares are proposed to be listed on the NSE SME platform, with a tentative listing date set for Wednesday, July 30, 2025.

The price band for the IPO is fixed between ₹68 to ₹70 per share. The lot size for applying is 2,000 shares. For retail investors, the minimum investment required is ₹2,72,000, which corresponds to 4,000 shares. For High Net-worth Individuals (HNIs), the minimum application size is 3 lots, or 6,000 shares, translating to an investment of ₹4,20,000.

TSC India Limited IPO Details

Particulars	Details
IPO Date	23 July 2025 to 25 July 2025
Listing Date	30 July 2025
Face Value	₹10 per share
Issue Price Band	₹68 to ₹70 per share
Lot Size	2,000 shares
Total Issue Size	36,98,000 shares (₹25.89 Cr)
Fresh Issue	36,98,000 shares (₹25.89 Cr)
Offer for Sale	NA
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
Market Maker Portion	1,86,000 shares

TSC India Limited IPO Reservation

Investor Category	Shares Offered
QIB	Not more than 50% of the Net Issue
Retail	Not less than 35% of the Net Issue
NII (HNI)	Not less than 15% of the Net Issue

TSC India Limited IPO Lot Size

Application	Lots	Shares	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 IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	90.74%
Post-Issue	(To be updated)

TSC India Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	₹4.53 (Pre), ₹3.85 (Post)
Price/Earnings (P/E) Ratio	15.44 (Pre), 18.17 (Post)
Return on Net Worth (RoNW)	54.10%
Return on Equity (ROE)	54.10%
Return on Capital Employed	27.39%
PAT Margin	24.25%
Price to Book Value	1.55

Objectives of the Proceeds

• To meet working capital requirements – ₹22 crores

• To fund general corporate purposes

• To cover public issue expenses

Key Financials (in ₹ Crore)

Particulars	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
Reserves & Surplus	8.09	6.75	2.61	1.65
Total Borrowings	9.74	17.76	13.08	4.75