TSC India SME: Check IPO Date, Live Subscription and Key Details
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.
Price Range
₹68.00-70.00
Issue Size
₹24.58 Cr
Lot Size
2,000 shares
IPO Type
NSE SME
GMP
₹8(+11.43%)
Est. Listing Price
₹78
Estimate Profit
₹32,000
Retail Portion
-
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
3.85
P/E Ratio
18.17
RoNW
54.1%
ROE
54.1%
Debt to Equity
1.61
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Timeline
IPO Opens
23 Jul
IPO Closes
25 Jul
Allotment
28 Jul
Listing
30 Jul
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 23 July 2025 | Subscription starts |
| IPO Close Date | 25 July 2025 | Subscription ends |
| Allotment Date | 28 July 2025 | Allotment |
| Listing Date | 30 July 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,80,000 |
SHNI (Min) | 3 | ₹4,20,000 |
SHNI (Max) | 7 | ₹9,80,000 |
BHNIAbove ₹10,00,000 | 8 | ₹11,20,000 |
IPO Objectives
- Working Capital Requirements of the Company.
- General Corporate Purposes.
- Issue Expenses.
Strengths
- Comprehensive air ticketing services with end-to-end booking support, including domestic and international flights, corporate itineraries, and analytical reporting.
- Real-Time Information and Instant Booking: Provides real-time updates on flights and travel services, enabling instant booking and confirmation, which streamlines workflows and enhances customer satisfaction.
- Extensive travel inventory and access to a wide network of domestic and international flights through collaborations with airlines and Global Distribution Systems (GDS).
- Guaranteed Booking Confirmation, ensuring reliability and trustworthiness for B2B and corporate clients.
- Experienced promoter and management team with over 20 years of experience in the travel industry, possessing valuable insights and expertise.
Weaknesses
- Relatively slow growth in profit after tax (4% between FY24 and FY25) despite significant revenue growth, suggesting potential margin pressures or increased operational costs.
- High debt-to-equity ratio of 1.61 (FY25) and increasing total borrowings (₹25.53 crore in FY25), which may lead to higher interest costs and impact profitability.
- Working capital intensive business, as evidenced by a substantial portion of IPO proceeds allocated to working capital, indicating ongoing needs for funding operations.
- High reliance on third-party web hosting providers; any disruption or technical issues on their part could adversely affect platform performance and business operations.
- Heavy reliance on a limited number of airlines and travel agents for competitive fares and travel solutions, which could impact offerings if relationships deteriorate or terms change.
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Financial Performance
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets (₹ Cr.) | 61.45 | 53.33 | 26.16 |
| Revenue (₹ Cr.) | 26.32 | 20.59 | 9.85 |
| PAT (₹ Cr.) | 4.93 | 4.72 | 1.22 |
| Net Worth (₹ Cr.) | 15.83 | 8.74 | 4.56 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 1.01x | 1.01x | 40.03x |
| NII | 0.44x | 1.77x | 133.17x |
| RII | 0.81x | 2.1x | 66.47x |
| Total | 0.79x | 1.72x | 73.21x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 7,04,000 | 2,81,82,000 | 197.27 |
| NII | 5,28,000 | 7,03,12,000 | 492.18 |
| RII | 12,30,000 | 8,17,56,000 | 572.29 |
| Total | 24,62,000 | 18,02,50,000 | 1,261.75 |
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Company Details
- TSC India Ltd.
- 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
- Bigshare Services Pvt Ltd
- +91-22-6263 8200
- ipo@bigshareonline.com
- https://ipo.bigshareonline.com/IPO_Status.html
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