TSC India IPO Date, Price, Details
TSC India Limited is set to launch its Initial Public Offering on July 23, 2025, with the subscription window open until July 25, 2025. This IPO will follow the Book Built Issue format, aiming to raise approximately ₹25.89 crores, entirely through a fresh issue of equity shares. The face value of each share is ₹10, with the offer for sale component yet to be disclosed.
The price band for the issue has been fixed between ₹68 and ₹70 per share. The IPO allocation includes 50% for Qualified Institutional Buyers (QIBs), 15% for High Net-Worth Individuals (HNIs), and 35% reserved for retail investors.
The basis of allotment is expected to be finalized on July 28, 2025, and the shares are slated for listing on the NSE on July 30, 2025.
Financial Performance
For the financial year 2024, the company posted a revenue of ₹20.72 crores, nearly doubling from ₹9.85 crores in FY 2023. Net profit also saw strong growth, increasing to ₹4.69 crores in 2024 from ₹1.19 crores in the previous year.

TSC India IPO Market Lot Size
The TSC India IPO minimum market lot is 4,000 shares with ₹2,80,000 application amount.
Application | Lot Size | Shares | Amount |
Retail Minimum | 2 | 4,000 | ₹2,80,000 |
Retail Maximum | 2 | 4,000 | ₹2,80,000 |
S-HNI Minimum | 3 | 6,000 | ₹4,20,000 |
S-HNI Maximum | 7 | 14,000 | ₹9,80,000 |
B-HNI Minimum | 8 | 16,000 | ₹11,20,000 |
TSC India IPO Details
IPO Open Date: | July 23, 2025 |
IPO Close Date: | July 25, 2025 |
Face Value: | ₹10 Per Equity Share |
IPO Price Band: | ₹68 to ₹70 Per Share |
Issue Size: | Approx ₹25.89 Crores |
Fresh Issue: | Approx ₹25.89 Crores |
Lot Size: | 2,000 Shares |
Issue Type: | Book Built Issue |
IPO Listing: | NSE SME |
Retail Quota: | Not more than 35% |
QIB Quota: | Not more than 50% |
NII Quota: | Not more than 15% |
TSC India IPO Valuation – FY2024 (KPI)
Check TSC India IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
KPI | Values |
ROE: | 54.10% |
ROCE: | 27.39% |
EBITDA Margin: | 42.31% |
PAT Margin: | 24.25% |
Debt to equity ratio: | – |
Earning Per Share (EPS): | ₹24.44 (Basic) |
Price/Earning P/E Ratio: | N/A |
Return on Net Worth (RoNW): | 54.10% |
Net Asset Value (NAV): | ₹45.18 |
TSC India IPO Company Financial Report
The company reported revenue of ₹20.72 crores in 2024 against ₹9.85 crores in 2023. The company reported profit of ₹4.69 crores in 2024 against profit of ₹1.19 crores in 2023.
Amount ₹ in Crores
Period Ended | Revenue | Expense | Profit After Tax | Assets |
2022 | ₹4.92 | ₹2.15 | ₹0.29 | ₹14.55 |
2023 | ₹9.85 | ₹7.03 | ₹1.19 | ₹26.16 |
2024 | ₹20.72 | ₹12.53 | ₹4.69 | ₹54.03 |
June 2024 | ₹6.13 | ₹3.81 | ₹1.35 | ₹45.29 |
TSC India IPO Dates
The TSC India IPO date is July 23 and the close date is July 25. The TSC India IPO allotment will be finalized on July 28 and the IPO listing on July 30.
IPO Open Date: | July 23, 2025 |
IPO Close Date: | July 25, 2025 |
Basis of Allotment: | July 28, 2025 |
Refunds: | July 29, 2025 |
Credit to Demat Account: | July 29, 2025 |
IPO Listing Date: | July 30, 2025 |
Promoters of TSC India IPO
The promoters of the company are Mr Ashish Kumar Mittal, Mrs Puja Mittal and Mr Vinay Gupta.
About TSC India IPO
TSC India Limited, founded in 2003, is one of the growing travel management companies that focuses on offering a wide range of air ticketing services for its clients. The company is focused on providing services to B2B and corporate clients, as well as closely working with airlines and travel agents in order to offer cost-effective travel solutions. Moreover, TSC India works with various travel providers to handle travel planning, including flight bookings and corporate itineraries. Jalandhar, Chandigarh, Lucknow, Ahmedabad, Jaipur, New Delhi, and Pune are some of the cities where the company currently runs its operations, making it one of the rapidly growing companies in India. Currently, the company handles 420 bookings daily, 3000 weekly, and 12,000 monthly, registering over 2100 customers. The company includes 77 people as of September 30, 2024
Peer Group Comparison
Company | EPS | PE Ratio | RoNW % | NAV | Income |
NA | – | – | – | – | – Cr. |
NA | – | – | – | – | – Cr. |
Objects of the IPO
- Working Capital Requirements of the Company
- General Corporate Purposes
- Issue Expenses
Merchant Bankers
- Expert Global Consultants Private Limited
Company Address
TSC India Ltd.
Office No. 3, 2nd Floor
Midland Financial Centre, Plot No. 21-22,
G.T. Road,
Jalandhar, Punjab, 144001
Phone: +91-181-4288888
Email: [email protected]
Website: https://www.tscindialimited.com/
TSC India IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/IPO_Status.html
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(GMP)