TSC India IPO

₹1,36,000/2000 shares

Minimum Investment

IPO Details

Open Date

23 Jul 25

Close Date

25 Jul 25

Minimum Investment

₹1,36,000

Lot Size

2000

Price Range

₹68 to ₹70

Listing Exchange

NSE

Issue Size

₹25.89 Cr

Listing Date

30 Jul 25

Open Free Demat Account

TSC India IPO Timeline

Bidding Start

23 Jul 25

Bidding Ends

25 Jul 25

Allotment Finalisation

28 Jul 25

Refund Initiation

29 Jul 25

Demat Transfer

29 Jul 25

Listing

30 Jul 25

TSC India Limited

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

SWOT Analysis of TSC India IPO

Strength and Opportunities

Wide network of operations across Indian cities.
Integrated platform offering diverse travel-related services.
Strong booking volume and customer base.
Offers cost-efficient and real-time travel solutions.

Risks and Threats

High dependency on B2B segment for revenue.
Intense competition from large online travel platforms.
Industry exposed to macroeconomic and travel disruptions.
Limited brand recognition among individual consumers.

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About TSC India Limited

TSC India Limited IPO Strengths

Automated accounting tools help streamline and simplify financial tasks for better travel expense management.

Provides real-time information and updates on flight schedules and hotel availability for accurate planning.

Comprehensive assistance is offered at every step of the booking process, from initial queries to final confirmation.

Enables instant travel bookings with immediate confirmation to ensure faster service delivery.

Offers a wide range of travel services including flights, hotels, and car rentals through a single platform.

Ensures fast and dependable confirmations to minimise travel uncertainties and scheduling delays.

Seamlessly connects with Global Distribution Systems (GDS) for broader service access and competitive pricing.

Peer Group Comparison

As per the DRHP, there are no comparable listed peer of the company and therefore information related to peer is not provided

How to apply IPO with HDFC SKY?

Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.

1Login to your HDFC SKY Account

2Select Issue

3Enter Number of Lots and your Price.

4Enter UPI ID

5Complete Transaction on Your UPI App