Listed
TSC India Ltd IPO
TSC India Ltd is a travel and tourism services provider specializing in corporate travel management, visa assistance, ticketing, and event logistics. With a focus on delivering efficient, cost-effective travel solutions, the company caters primarily to Indian businesses. Leveraging its domain expertise, TSC India aims to simplify corporate mobility and expand its footprint in the organized travel sector.
Min Investment
₹2,72,000
Lot Size
4,000 Shares
Price Range
₹70.0
Issue Size (₹ Cr.)
₹25.89
IPO Type
NSE SME
Key Metrics
Face Value
₹ 10
GMP
₹ 0.0
Subscription
1.02x
EPS
₹ 3.85
P/E Ratio
18.17 x
RoNW
31.13%
ROE
31.13%
Debt to Equity (₹ Cr.)
0.0
Timeline
IPO Opened23/07/2025Wednesday
IPO Closed25/07/2025Friday
Allotted28/07/2025Monday
Refunded29/07/2025Tuesday
Listed30/07/2025Wednesday
Strengths
- Rapid Growth in Profitability TSC India has shown strong financial growth, with its net profit rising significantly in the past year, reflecting operational efficiency and business traction.
- Impressive Return Ratios High Return on Equity (ROE) and Return on Capital Employed (ROCE) indicate that the company is effectively using its capital to generate profits.
- Widespread Operational Presence With branches and virtual offices across major cities, the company benefits from geographical diversity and better client servicing.
- Scalable Operations Managing over 400 flight bookings per day shows the company’s capacity to handle large volumes, essential for long-term scalability.
- Comprehensive Service Portfolio Offers end-to-end corporate travel management, including bookings, planning, and 24/7 support, enhancing client satisfaction and retention.
Weaknesses
- Heavy Dependence on Corporate Clients A large portion of revenue comes from business travel services, making the company vulnerable to downturns in corporate spending.
- Low Brand Recognition Compared to major travel management players, TSC India lacks strong brand recall in the highly competitive travel sector.
- Limited International Exposure The company operates primarily in India, which may restrict its ability to capitalize on global travel industry trends.
- Thin Net Margins Despite rising revenues, profit margins remain relatively low, which may affect long-term profitability during cost surges.
- Technology Reliance Without Strong In-House IP Heavy dependence on tech infrastructure without proprietary platforms may pose risks related to service continuity and differentiation.
TSC India Ltd IPO - GMP Trend
| GMP Date | Ipo Price | GMP | Estimate Listing Price | |
|---|---|---|---|---|
| 24/07/2025 | ₹ 70.0 | ₹ 0.0 | ₹ 70.0 | |
| 23/07/2025 | ₹ 70.0 | ₹ 0.0 | ₹ 70.0 | Live |
| 22/07/2025 | ₹ 70.0 | ₹ 0.0 | ₹ 70.0 | |
| 21/07/2025 | ₹ 70.0 | ₹ 0.0 | ₹ 70.0 | |
| 20/07/2025 | ₹ 70.0 | ₹ 0.0 | ₹ 70.0 |
Financials
| Period Ended | 31-03-2025 | 31-03-2024 | 31-03-2023 | |
|---|---|---|---|---|
| Assets (In Cr) | 61.45 | 53.33 | 26.16 | |
| Revenue (In Cr) | 26.32 | 20.59 | 9.85 | |
| Profit After Tax (In Cr) | 4.93 | 4.72 | 1.22 | |
| EBITDA (In Cr) | 8.75 | 8.19 | 2.82 | |
| Net Worth (In Cr) | 15.83 | 8.74 | 4.56 | |
| Total Borrowing (In Cr) | 25.53 | 17.76 | 13.08 |
Subscription Details
IPO Bidding Live Updates from NSE SME
| Day | Number of Lots Offered | 23-07-2025 | 24-07-2025 | ||
|---|---|---|---|---|---|
| QIB | 352 | 1.01x | 1.01x | ||
| NII | 264 | 0.44x | 0.46x | ||
| RII | 615 | 0.81x | 1.26x | ||
| Total | 1231 | 0.79x | 1.02x |
IPO Bidding Live Number of Shares by Category
| Category | Number of Shares offered | Number of Shares Bid | Bid Amount(Rs Cr) | ||
|---|---|---|---|---|---|
| QIB | 7,04,000 | 7,14,000 | 5.00 | ||
| NII | 5,28,000 | 2,42,000 | 1.69 | ||
| RII | 12,30,000 | 15,52,000 | 10.86 | ||
| Total | 24,62,000 | 25,08,000 | 17.56 |
Company Details
- Office No. 3, 2nd Floor Midland Financial Centre, Plot No. 21-22, G.T. Road, Jalandhar, Punjab, 144001
+91-181-4288888
- cs@tscpl.biz
- https://www.tscindialimited.com/
Registrar Details
- N/A
+91-22-6263 8200
- ipo@bigshareonline.com
- https://ipo.bigshareonline.com/IPO_Status.html
