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TSC India IPO
40.06xsubscribed

TSC India IPO

Travel Services
listed
₹2.72LMin. investment

TSC India Limited IPO Details

SectorTravel Services
Price range₹68.00 – ₹70.00
IPO type
SME
Lot size2000 shares
Issue size₹25Cr
Red Herring Prospectus
Read
Market cap
₹98.34CrLower than sector avg
RevenueApr 2024 - Mar 2025
₹25.78CrLower than sector avg
Growth rate3Y CAGR
59.17%

TSC India IPO Subscription Status

Date
QIB
NII
Retail
Total
23-Jul-25
1.01 times (X)
0.44 times (X)
0.0 times (X)
0.39 times (X)
24-Jul-25
1.01X
2.13X
0.0X
0.75X
25-Jul-25
40.03X
133.44X
0.0X
40.06X

As on 23-Jul-25, 5:30 PM

TSC India IPO Timeline

  1. Pre-apply
    22 Jul 2025
  2. Bid start
    23 Jul 2025
  3. Bid end
    25 Jul 2025
  4. Allotment
    28 Jul 2025
  5. Release of funds
    29 Jul 2025
  6. Demat transfer
    29 Jul 2025
  7. Listing
    30 Jul 2025

About TSC India Limited

Incorporated in 2003, TSC India Limited is a B2B travel management company focused on air ticketing for retail agents, tour operators, and corporates. Operating across seven cities, it facilitated 3.3+ lakh bookings over FY23–FY25, with a registered client base of nearly 3,000 and a 75+ member team. GTV grew from ₹426.53 crore in FY23 to ₹805.88 crore in FY25, with the take rate improving from 2.04% to 2.98%. TSC runs a tech-enabled platform offering real-time booking, automated accounting, and multi-channel support. It has been awarded by leading airlines like Air India and Singapore Airlines. Its revenue model is built on airline commissions, productivity-linked bonuses, credit card rebates, and GDS segment fees. The company also owns an NBFC arm, TSC Finserv Pvt. Ltd.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
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The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Objectives of Tsc India Limited IPO

Working Capital Requirements
The company will use ₹22.00 Cr to meet its working capital requirements.
General Corporate Purposes
The company will allocate up to 15% of gross proceeds for general corporate purposes.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹25.78Cr59.17%₹4.93Cr₹98.34Cr13.811.61
This sector (avg.)₹706.2Cr----₹218.22Cr₹5,446.1Cr39.130.26
₹4,674.77Cr---₹1,314.9Cr₹49,844Cr36.340.02
₹1,737.47Cr---₹229.89Cr₹14,832.1Cr62.600.18
₹914.25Cr---₹60.25Cr₹9,068.08Cr147.310.06

*Revenue for financial year 2024-25. Lower P/E and D/E ratios are generally preferred.

TSC India IPO Contact Details

Company NameTSC India Limited

How to apply for TSC India IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Tsc India Limited IPO FAQs