TSC India IPO Details: The TSC India IPO is scheduled to open on July 23, 2025, and will close on July 25, 2025. This is a Book Built Issue, through which the company aims to raise approximately ₹25.89 crores. The IPO comprises a fresh issue of ₹25.89 crores, while the offer-for-sale component details are yet to be disclosed. Each equity share carries a face value of ₹10.
The price band for the IPO is set between ₹68 to ₹70 per share. The allocation is structured with 50% reserved for Qualified Institutional Buyers (QIBs), 35% for retail investors, and 15% for High Net-worth Individuals (HNIs). The shares are proposed to be listed on the NSE, with the listing date expected on July 30, 2025. The IPO allotment is likely to be finalized by July 28, 2025.
In terms of financial performance, TSC India reported a significant jump in revenue and profit. The revenue increased from ₹9.85 crores in FY 2023 to ₹20.72 crores in FY 2024, while net profit rose from ₹1.19 crores to ₹4.69 crores during the same period. Based on its financial growth, the IPO appears promising for long-term investors.
TSC India IPO Objectives:
- Working Capital Requirements of the Company
- General Corporate Purposes
- Issue Expenses
TSC India IPO Review (Apply or Not)
- Update soon
TSC India IPO Date & Price Band Details:
| IPO Open Date: | July 23, 2025 |
| IPO Close Date: | July 25, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹68 to ₹70 Per Share |
| Issue Size: | Approx ₹25.89 Crores |
| Fresh Issue: | Approx ₹25.89 Crores |
| Lot Size: | 2,000 Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
TSC India IPO Lot Size:
The minimum lot size for the TSC India IPO is 4,000 equity shares, requiring a minimum investment of ₹2,80,000 per application.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 4,000 | ₹2,80,000 |
| Retail Maximum | 2 | 4,000 | ₹2,80,000 |
| S-HNI Minimum | 3 | 6,000 | ₹4,20,000 |
| S-HNI Maximum | 7 | 14,000 | ₹9,80,000 |
| B-HNI Minimum | 8 | 16,000 | ₹11,20,000 |
TSC India IPO Allotment & Listing Date (Details)
The TSC India IPO will open on July 23 and close on July 25, 2025. The allotment of shares is expected to be finalized on July 28, with the IPO likely to be listed on the NSE on July 30, 2025.
| IPO Open Date: | July 23, 2025 |
| IPO Close Date: | July 25, 2025 |
| Basis of Allotment: | July 28, 2025 |
| Refunds: | July 29, 2025 |
| Credit to Demat Account: | July 29, 2025 |
| IPO Listing Date: | July 30, 2025 |
TSC India IPO GMP Today:
The GMP (Grey Market Premium) for the TSC India SME IPO is yet to be available. We are actively tracking the market and updating the GMP details daily. Please check back soon for the latest updates.
Promoters of TSC India IPO
The promoters of the company are Mr Ashish Kumar Mittal, Mrs Puja Mittal and Mr Vinay Gupta.
About TSC India IPO
TSC India Limited, founded in 2003, is one of the growing travel management companies that focuses on offering a wide range of air ticketing services for its clients. The company is focused on providing services to B2B and corporate clients, as well as closely working with airlines and travel agents in order to offer cost-effective travel solutions. Moreover, TSC India works with various travel providers to handle travel planning, including flight bookings and corporate itineraries. Jalandhar, Chandigarh, Lucknow, Ahmedabad, Jaipur, New Delhi, and Pune are some of the cities where the company currently runs its operations, making it one of the rapidly growing companies in India. Currently, the company handles 420 bookings daily, 3000 weekly, and 12,000 monthly, registering over 2100 customers. The company includes 77 people as of September 30, 2024.
TSC India IPO Company Financial Report
The company reported revenue of ₹20.72 crores in 2024 against ₹9.85 crores in 2023. The company reported profit of ₹4.69 crores in 2024 against profit of ₹1.19 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹4.92 | ₹2.15 | ₹0.29 | ₹14.55 |
| 2023 | ₹9.85 | ₹7.03 | ₹1.19 | ₹26.16 |
| 2024 | ₹20.72 | ₹12.53 | ₹4.69 | ₹54.03 |
| June 2024 | ₹6.13 | ₹3.81 | ₹1.35 | ₹45.29 |
TSC India IPO Valuation – FY2024
Check TSC India IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 54.10% |
| ROCE: | 27.39% |
| EBITDA Margin: | 42.31% |
| PAT Margin: | 24.25% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹24.44 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 54.10% |
| Net Asset Value (NAV): | ₹45.18 |
Peer Group Comparison
The Company has no comparable listed peers engaged in similar business.
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| NA | – | – | – | – | – Cr. |
| NA | – | – | – | – | – Cr. |
TSC India IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
IPO Lead Managers aka Merchant Bankers
- Expert Global Consultants Private Limited
Company Address
TSC India Ltd.
Office No. 3, 2nd Floor
Midland Financial Centre, Plot No. 21-22,
G.T. Road,
Jalandhar, Punjab, 144001
Phone: +91-181-4288888
Email: cs@tscpl.biz
Website: https://www.tscindialimited.com/
TSC India IPO – Frequently Asked Questions (FAQs)
1. What is the TSC India IPO?
TSC India IPO is a SME public offering through which the company aims to raise ₹25.89 crores. The issue is priced in the range of ₹68 to ₹70 per equity share and will be listed on the NSE SME platform.
2. When will the TSC India IPO open for subscription?
The IPO will open for subscription on July 23, 2025, and will close on July 25, 2025 for QIBs, NIIs, and Retail Investors.
3. What is the investor quota for the TSC India IPO?
The IPO allocation is divided as follows:
- 50% for Qualified Institutional Buyers (QIBs)
- 15% for Non-Institutional Investors (NIIs/HNIs)
- 35% for Retail Investors
4. How can I apply for the TSC India IPO?
You can apply for the IPO via ASBA through your bank’s net banking platform, or through UPI via supported stock brokers. Offline applications can also be submitted through your broker by filling out the physical IPO form.
5. What is the issue size of the TSC India IPO?
The total issue size is ₹25.89 crores, comprising a fresh issue of equity shares.
6. What is the price band for the TSC India IPO?
The price band is set at ₹68 to ₹70 per share.
7. What is the lot size for the TSC India IPO?
The minimum lot size is 4,000 equity shares, requiring an investment of ₹2,80,000.
8. When will the allotment for the TSC India IPO be finalized?
The basis of allotment is expected to be finalized on July 28, 2025.
9. When is the TSC India IPO listing date?
The shares are expected to be listed on the NSE SME platform on July 30, 2025.
