1. Home
  2. IPO
  • Tsc India Ltd IPO
TSC India Ltd logo

TSC India IPO

  • Status: Closed
  • RHP:
  • ₹ 272,000 / 4000 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    30 Jul 2025

  • Listing Price

    ₹ 68.00

  • Listing Change

    -

  • Last Traded Price

    ₹ 51.00

TSC India IPO Details

  • Open Date

    23 Jul 2025

  • Close Date

    25 Jul 2025

  • Listing Date

    30 Jul 2025

  • IPO Price Range

    ₹ 68 to ₹70

  • IPO Size

    ₹ 24.58 Cr

  • Listing Exchange

    NSE SME

Open Free Demat Account

+91
Resend OTP

By proceeding, you agree to all T&C*

hero_form
Timeline Subscription Status Financials SWOT FAQ Contacts

TSC India IPO Timeline

TSC India IPO Subscription Status

Last Updated: 28 July 2025 3:39 PM by 5paisa

Established in 2003, TSC India Ltd. is a travel management firm providing air ticketing and travel planning solutions. The company primarily serves B2B and corporate clients by partnering with airlines and agents to deliver cost-efficient services. With operations across major Indian cities, including New Delhi, Chandigarh, Jaipur, Lucknow, Ahmedabad, Jalandhar, and Pune, the company has cultivated a strong regional presence.

TSC India has a customer base exceeding 2,100 as of June 30, 2024. It handles over 14,000 bookings monthly, offering a range of travel-related services.

Incorporated: 2003
MD: Mr Ashish Kumar Mittal
 

TSC India Objectives

The net proceeds from the IPO will be used for:

To meet the working capital requirements of the company
To be used for general corporate purposes of the company
To cover the issue-related expenses of the company
 

TSC India IPO Size

Types Size
Total IPO Size ₹24.58 Cr
Offer For Sale -
Fresh Issue ₹24.58 Cr

 

TSC India IPO Lot Size

Application Lots Shares Amount
Retail (Min) 2 4,000 ₹2,72,000
Retail (Max) 2 4,000 ₹2,72,000
S-HNI (Min) 3 6,000 ₹4,08,000
S-HNI (Max) 7 14,000 ₹9,52,000
B-HNI (Min) 8 16,000 ₹10,88,000

TSC India IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)*
QIB 40.03 7,04,000 2,81,82,000 197.274
NII (HNI) 133.17 5,28,000 7,03,12,000 492.184
Individual Investors (IND category bidding for 2 Lots)     66.47 12,30,000 8,17,60,000 572.320
Total** 73.21 24,62,000 18,02,54,000    1,261.778

 

*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY24 FY25
Revenue 9.85 20.59 26.32
EBITDA 2.82 8.19 8.75
PAT 1.22 4.72 4.93
Particulars (in Rs. Crores) FY23 FY24 FY25
Total Assets 26.16 53.33 61.45
Share Capital 1.92 1.92 10.35
Total Borrowings 13.08 17.76 25.53
Particulars (in Rs. Crores) FY23 FY24 FY25
Net Cash Generated From / (used in) operating activities -1.16 -0.19 -13.46
Net Cash Generated From / (used in) investing activities -6.81 1.93 1.35
Net Cash Generated From / (used in) financing activities 7.78 3.64 10.00
Net Increase (Decrease) In Cash And Cash Equivalents -0.17 5.39 -2.11


Strengths

1. Automated tools ensure seamless billing and accounting across all systems
2. Real-time booking access improves the speed and accuracy of travel data
3. GDS integration enables better rates and global customer connectivity
4. 24/7 support ensures consistent client satisfaction and reliability
 

Weaknesses

1. Heavily dependent on revenue from the air ticketing business segment
2. High borrowings of ₹25.53 Cr raise long-term financial pressure
3. Operational cash outflows raise concerns over financial sustainability
4. Limited board experience may affect governance and compliance control
 

Opportunities

1. B2B and business travel markets are growing at a rapid pace
2. Potential to expand into a complete travel management service platform
3. Increased need for integrated tech tools supports scalable business growth
4. India’s demographics provide long-term support to the travel industry outlook
 

Threats

1. Fierce online competition from tech-led travel aggregators is rising
2. Policy shifts and new regulations could disrupt the current travel flow
3. Global events and cycles make demand forecasting highly uncertain
4. Weak internal controls may hinder effective business management efforts
 

1. Established presence in B2B air travel booking
2. Solid client base and monthly transaction volumes
3. Diverse operational locations and growing customer count
4. Potential to grow in a digital-first travel ecosystem
 

1. Business travel and B2B demand are steadily rising across key sectors
2 Tech-driven platforms are rapidly reshaping the travel booking experience
3. Competitive intensity remains high with rising pressure from aggregators
4. India's strong economic outlook supports long-term growth in travel services
 

Upcoming IPOs

View all IPOs
  • Companies
  • Type
  • Opening On

Open Free Demat Account

Be a part of 5paisa community - The first listed discount broker of India.

+91
Resend OTP

By proceeding, you agree to all T&C*

footer_form

FAQs

TSC India IPO opens on July 23, 2025 and closes on July 25, 2025.
 

The TSC India IPO size is ₹24.58 Cr through a fresh issue of 35.12 lakh shares.
 

The TSC India IPO price band is fixed between ₹68 and ₹70 per share.
 

To apply for TSC India IPO, follow the steps given below:

  • Login to your 5paisa account and select the issue in the current IPO section
  • Enter the number of lots and the price at which you wish to apply for the TSC India IPO
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive the mandate notification to block funds in your UPI app.
     

The minimum lot size of TSC India IPO is 4,000 shares with a minimum retail investment of 2,72,000.
 

Allotment of TSC India IPO is expected on July 28, 2025.
 

Tentative listing date of TSC India IPO is July 30, 2025 on NSE SME.

Seren Capital Private Limited is the book-running lead manager of TSC India.
 

TSC India plans to utilise the IPO proceeds towards: 

  • To meet the working capital requirements of the company
  • To be used for the general corporate purposes of the company
  • To cover the issue-related expenses of the company