IPO Details
Bidding Dates
23 Jul 25 - 25 Jul 25
Lot Size
4000
Price Range ₹
68 - 70
Exchange Status
NSE
Total Equity
₹ 25.90Cr
IPO Doc
IPO Timeline
Offer start
23 Jul 2025
Offer end
25 Jul 2025
Allotment
28 Jul 2025
Refund initiation
29 Jul 2025
Demat transfer
29 Jul 2025
Listing
30 Jul 2025
Offer start
23 Jul 2025
Offer end
25 Jul 2025
Allotment
28 Jul 2025
Refund initiation
29 Jul 2025
Demat transfer
29 Jul 2025
Listing
30 Jul 2025
About Company
Incorporated in 2003, TSC India Limited is a technology-enabled travel management company that primarily operates in the Business-to-Business (B2B) and corporate travel segments. Over the years, it has developed a niche by offering end-to-end travel solutions, focusing on cost efficiency, reliable operations, and customized services for travel agencies, tour operators, and corporate clients. The company is headquartered in India and operates across several key cities including Jalandhar, Chandigarh, Lucknow, Ahmedabad, Jaipur, New Delhi, and Pune, indicating its strategic regional footprint and expanding national presence. Its operational model is designed to handle large volumes efficiently — managing over 420 bookings daily, 3,000 weekly, and more than 12,000 bookings monthly. As of June 30, 2024, the company had a base of over 2,100 clients, underlining its solid market positioning in the B2B travel space.
Year Founded
18-07-2003
Promotor Details
Puja Mittal
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 87.04 | 0 |
| Share Capital | 9009250 | 0 |
Offer to Public
36,99,600.00 Cr
Project Details
- Working Capital Requirements of our Company - 220cr
Objectives
- a)Working Capital Requirements of our Company
- andb)General Corporate Purposes
Highlights
- Serves a wide base of corporate clients, travel agents, and tour operators with tailored services.
- Integrates with Global Distribution Systems (GDS) for real-time access to flight, hotel, and car rental inventories.
- Manages 12,000+ bookings per month, indicating strong process capability.
- Revenue rose by 28% and PAT by 4% YoY (FY 2024–25).
- Offers 24/7 emergency support, transparent pricing, and consulting expertise.
Challenges
- Total borrowings grew to ₹25.53 Cr in FY 2025, increasing financial risk.
- While revenue surged, profit after tax increased only marginally (4%), indicating potential margin pressures.
- Heavy reliance on third-party providers could affect margins or service quality if partnerships shift.
- Despite operational scale, the company is not widely recognized among end-users due to its B2B model.
- Post-IPO EPS dropped from ₹4.53 to ₹3.85, affecting short-term investor value.
