TSC India IPO is a book building of ₹25.89 crores. The issue is entirely a fresh issue of 36.98 lakh shares.
TSC India IPO opens for subscription on July 23, 2025 and closes on July 25, 2025. The allotment for the TSC India IPO is expected to be finalized on Monday, July 28, 2025. TSC India IPO will be list on NSE SME with a tentative listing date fixed as Wednesday, July 30, 2025.
TSC India IPO price band is set at ₹68 to ₹70 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹2,72,000 (4,000 shares). The minimum lot size investment for HNI is 3 lots (6,000 shares) amounting to ₹4,20,000.
Expert Global Consultants Private Limited is the book-running lead manager of the TSC India IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.The market maker for TSC India IPO is Prabhat Financial Services Ltd..
TSC India IPO Details
| 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 IPO Reservation
TSC India IPO offers total 36,98,000 shares. Out of which 17,54,000 (47.43%) allocated to QIB, 7,02,000 (18.98%) allocated to QIB, 5,28,000 (14.28%) allocated to NII, 12,30,000 (33.26%) allocated to RII and 10,52,000 (28.45%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 12,30,000 (33.26%) |
| Total Shares Offered | 36,98,000 (100.00%) |
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 |
* Bidding at cut-off price is not allowed for any category
TSC India IPO Anchor Investors Details
TSC India IPO raises ₹7.36 crore from anchor investors. TSC India IPO Anchor bid date is July 22, 2025.
| Bid Date | July 22, 2025 |
| Shares Offered | 10,52,000 |
| Anchor Portion Size (In Cr.) | 7.36 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 27, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 26, 2025 |
TSC India IPO Timeline (Tentative Schedule)
TSC India IPO opens on July 23, 2025, and closes on July 25, 2025.
| 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 Lot Size
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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
The promoters of the company are. Mr Ashish Kumar Mittal, Mrs Puja Mittal and Mr Vinay Gupta.
| Share Holding Pre Issue | 90.74% |
| Share Holding Post Issue |
About TSC India Ltd.
Incorporated in 2003, TSC India Limited is a travel management company specializing in comprehensive air ticketing services for its clients. Focused on B2B and corporate sectors, TSC collaborates with airlines and travel agents to provide cost-effective travel solutions.
TSC partners with various travel providers to manage travel planning, including booking flights and organizing corporate itineraries. Operating in cities like Jalandhar, Chandigarh, Lucknow, Ahmedabad, Jaipur, New Delhi, and Pune, it reflects its expanding presence in India.
The company has a diverse client base, including travel agencies, corporations, and tour operators.
The company manages over 420 bookings daily, 3,000 weekly, and 12,000 monthly, demonstrating operational efficiency. By June 30, 2024, it registered over 2,100 customers, highlighting its strong B2B travel market presence.
The company offers the following services:-
- Booking Management: Streamlined processes enable accurate air travel reservations.
- Analytical Reporting Systems: Data-driven insights help customers analyze travel patterns and optimize strategies.
- Cost-Effective Solutions: Competitive pricing ensures clients get quality travel solutions at optimal rates.
- Consulting and Negotiation Expertise: Consulting services help navigate travel requirements and secure favourable terms.
- 24/7 Emergency Support: 24/7 assistance is available at no extra cost, providing immediate support during emergency disruptions.
- Transparent Practices: Transparent communication about pricing and policies builds client trust.
- Integrated One-Stop Solutions: One platform simplifies management and offers travel info and services.
- Customer-Focused Service: Experienced professionals efficiently meet client needs and strongly commit to customer service satisfaction.
As of September 30, 2024, the company employed 77 people across various departments, including Administration, Finance, HR, Projects, Procurement, R&D, Sales, Operations, and Design.
Competitive Strength:
- Automated accounting solutions designed to simplify financial management.
- Offers real-time updates on flights and hotels.
- Support is provided throughout the booking process, from inquiries to confirmations.
- Instant Booking and Confirmation.
- The platform offers diverse travel services like flights, accommodations, and car rentals.
- Quick and reliable booking confirmations to reduce uncertainties and delays.
- Platform integrates with Global Distribution Systems (GDS) to access various travel services and competitive rates.
Company Financials
TSC India Ltd. Financial Information (Restated Consolidated)
TSC India Ltd.'s revenue increased by 28% and profit after tax (PAT) rose by 4% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 61.45 | 53.33 | 26.16 |
| Revenue | 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 | 13.08 |
| Amount in ₹ Crore | |||