TSC India SME IPO Subscription Status
TSC India SME IPO closed on 25 July 2025 with an overall subscription of 73.21x based on shares applied. QIB demand came in at 40.03x, NII at 133.17x, and retail at 66.47x.
Allotment will be finalised on 28 July 2025. The stock is scheduled to list on NSE and BSE on 30 July 2025.
Issue Price
Rs 70.00
GMP Today
Rs 8.00 (+11.43%)
Overall Subscription
73.21x
Issue Size
₹24.58 Cr
Allotment Date
28 Jul 2025
Listing Date
30 Jul 2025
TSC India SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 70.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 4.93 Cr | Rs 197.27 Cr | 40.03x |
| NII | Rs 3.70 Cr | Rs 492.18 Cr | 133.17x |
| IND | Rs 8.61 Cr | Rs 572.29 Cr | 66.47x |
| Total | Rs 17.23 Cr | Rs 1,261.75 Cr | 73.21x |
TSC India SME IPO Subscription by Shares
Category-wise subscription based on shares bid. Application-wise bid counts are not available for this IPO yet.
| Category | Shares Offered | Shares Bid | Subscription |
|---|---|---|---|
| QIB | 7,04,000 | 2,81,82,000 | 40.03x |
| NII | 5,28,000 | 7,03,12,000 | 133.17x |
| IND | 12,30,000 | 8,17,56,000 | 66.47x |
| Total | 24,62,000 | 18,02,50,000 | 73.21x |
What Do These Subscription Numbers Mean?
A subscription of 73.21x by shares means the IPO received bids for 73 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 40.03x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 40.03x, it reflects serious institutional conviction.
NII at 133.17x by shares: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription.
Retail at 66.47x by shares: Allotment is by lottery, but application-wise data is needed for accurate 1-in-X odds. Share oversubscription often overstates how hard allotment is.
TSC India SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Share subscription: 66.47x (application-wise data pending).
- •Allotment odds will be updated once application subscription is synced.
Check the TSC India SME IPO Allotment Status page from 28 July 2025 for your allotment result.
TSC India SME IPO GMP After Subscription
GMP for TSC India SME stands at Rs 8.00 today, giving an estimated listing price of Rs 78.00 per share.
A subscription of 73.21x combined with a GMP of 11.43% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the TSC India SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
TSC India SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 23 Jul 2025 | 1.01x | 0.44x | 0.81x | 0.79x |
| Day 2 - 24 Jul 2025 | 1.01x | 1.77x | 2.10x | 1.72x |
| Day 3 - 25 Jul 2025 | 40.03x | 133.17x | 66.47x | 73.21x |
TSC India SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 23 July 2025 |
| IPO Close Date | 25 July 2025 |
| Allotment Date | 28 July 2025 |
| Refund Initiation | 29 July 2025 |
| Share Credit to Demat | 29 July 2025 |
| Listing Date | 30 July 2025 |
| Minimum Investment | Rs 2,80,000.00 |
| Lot Size | 2000 shares |
About TSC India SME
TSC India Limited, founded in 2003, is a travel management company specializing in comprehensive air ticketing services for its clients. The company primarily operates on a Business-to-Business (B2B) and corporate model, collaborating closely with airlines and travel agents to provide cost-effective travel solutions. Its key service offerings include travel planning, air ticket booking (domestic and international), organizing corporate travel itineraries, booking management, analytical reporting systems, cost-effective solutions, consulting and negotiation expertise, 24/7 emergency support, transparent practices, and integrated one-stop solutions.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
TSC India SME IPO Subscription FAQs
What is TSC India SME IPO subscription status today?
TSC India SME IPO subscription closed on 25 July 2025 with overall subscription of 73.21x (by shares) as of 27 June 2026, 2:47 AM IST. QIB 40.03x, NII 133.17x, IND 66.47x.
What is the overall subscription of TSC India SME IPO?
TSC India SME IPO is subscribed 73.21x overall by shares at close on 25 July 2025. QIB 40.03x, NII 133.17x, and IND 66.47x.
What is TSC India SME IPO QIB subscription?
TSC India SME IPO QIB (Qualified Institutional Buyers) subscription is 40.03x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is TSC India SME IPO IND subscription?
TSC India SME IPO IND subscription is 66.47x by shares. Minimum retail bid is up to Rs 2 lakh per PAN.
What is TSC India SME IPO NII subscription?
TSC India SME IPO NII (Non-Institutional Investors) subscription is 133.17x by shares. NII covers bids above Rs 2 lakh.
What are allotment chances in TSC India SME IPO for retail?
TSC India SME IPO retail share subscription is 66.47x. Application-wise data is needed for accurate lottery odds.
When is TSC India SME IPO allotment date?
TSC India SME IPO allotment date is 28 July 2025. Check TSC India SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does TSC India SME IPO subscription close?
TSC India SME IPO subscription closed on 25 July 2025. No new applications are accepted after the close.
What is TSC India SME IPO GMP today?
TSC India SME IPO GMP is ₹8 today (+11.43% over issue price ₹70). See live GMP on the TSC India SME IPO GMP Today page.
What is TSC India SME IPO issue price and lot size?
TSC India SME IPO issue price is ₹70 per share. Lot size is 2000 shares. Minimum investment is ₹2,80,000 per lot (minimum 2 lots for SME). Issue size: ₹24.58 Cr.
When is TSC India SME IPO listing date?
TSC India SME IPO listing date is 30 July 2025 on NSE and BSE. Allotment is on 28 July 2025.
How does subscription affect TSC India SME IPO allotment?
Allotment odds in TSC India SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII uses proportional allotment by applications. At 73.21x overall, competition is very high.
For allotment results from 28 July 2025, visit the TSC India SME IPO Allotment Status page. For listing day updates on 30 July 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.