TSC India Limited is a rapidly growing B2B travel management company that specializes in providing comprehensive end-to-end air ticketing solutions for corporate clients. With a strong focus on efficiency, transparency, and customer service, TSC collaborates with airlines and travel agents to deliver cost-effective travel services tailored for the corporate and travel agency ecosystem.
Headquartered in Jalandhar, Punjab, and with operations in Chandigarh, Lucknow, Ahmedabad, Jaipur, New Delhi, and Pune, TSC is steadily expanding its national footprint. The company serves a broad base of over 2,100 registered clients, including travel agencies, corporations, and tour operators, making it a trusted name in business travel solutions.
Handling more than 420 bookings daily, over 12,000 monthly, TSC demonstrates exceptional operational strength and reliability. Their experienced team of 77 professionals (as of September 30, 2024) ensures seamless coordination across departments like operations, sales, design, procurement, and customer support.
TSC stands out in the competitive travel industry by offering:
- ✔️ 24/7 emergency support at no additional cost
- ✔️ Transparent pricing and policies
- ✔️ Smart analytical travel reports for decision-making
- ✔️ One-stop platform for bookings, reporting, and support
- ✔️ Consulting & negotiation expertise to optimize travel budgets
TSC India Limited is more than a travel booking partner—it’s a strategic ally for businesses seeking control, clarity, and consistency in corporate travel. Whether you’re managing travel for a startup or a large organization, TSC offers a reliable, tech-driven, and customer-centric approach to meet your business goals.
TSC India IPO – Details
| IPO Opening Date | 23 July 2025 |
| IPO Closing Date | 25 July 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue: 36,98,000 Shares Worth ₹25.89 Crore Fresh Issue: 36,98,000 Shares Worth ₹25.89 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹68 – ₹70 per share |
| Market Lot | 2000 Shares |
| Min Order | 2000 Shares [ 1 Lot ] |
| Listing At | NSE SME |
| Registrar | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
TSC India IPO – Date Schedule
| IPO Open Date | 23 July 2025 |
| IPO Close Date | 25 July 2025 |
| Basis of Allotment | 28 July 2025 |
| Initiation of Refund | 29 July 2025 |
| Credit of Shares to Demat | 29 July 2025 |
| IPO Listing Date | 30 July 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 25, 2025 |
TSC India IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 4,000 | ₹2,80,000 |
| Individual investors (Retail) (Max) | 2 | 4,000 | ₹2,80,000 |
| S-HNI (Min) | 3 | 6,000 | ₹4,20,000 |
| S-HNI (Max) | 7 | 14,000 | ₹9,80,000 |
| B-HNI (Min) | 8 | 16,000 | ₹11,20,000 |
Competitive Strengths
- Automated accounting solutions designed to simplify financial management.
- Offers real-time updates on flights and hotels.
- Support is provided throughout the booking process, from inquiries to confirmations.
- Instant Booking and Confirmation.
- The platform offers diverse travel services like flights, accommodations, and car rentals.
- Quick and reliable booking confirmations to reduce uncertainties and delays.
- Platform integrates with Global Distribution Systems (GDS) to access various travel services and competitive rates.
Company Promoters
- Mr Ashish Kumar Mittal
- Mrs Puja Mittal
- Mr Vinay Gupta
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹9.85 Cr | ₹7.03 Cr | ₹1.22 Cr | ₹13.08 |
| 31 March 2024 | ₹20.59 Cr | ₹12.41 Cr | ₹4.72 Cr | ₹17.76 |
| 31 March 2025 | ₹26.32 Cr | ₹17.57 Cr | ₹4.93 Cr | ₹25.53 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 31.13% |
| ROCE | 19.49% |
| RoNW | 31.13% |
| PAT Margin | 19.11% |
| EBITDA Margin | 33.96% |
| Price to Book Value | 1.55 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.53 | 3.85 |
| P/E (x) | 15.44 | 18.17 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Working Capital Requirements of the Company | ₹22.00 |
| General Corporate Purposes | |
| Issue Expenses |
✅Strengths
- Strong B2B client base with over 2,100 registered customers.
- Presence in multiple cities including Jalandhar, Delhi, Ahmedabad, and Pune.
- High daily booking volume indicates operational efficiency and demand.
- Offers integrated tech-driven travel solutions with 24/7 emergency support.
- Experienced team and transparent pricing practices strengthen client trust.
- Consistent revenue and profit growth over the past three years.
⚠️Risks
- Business is highly dependent on airline partnerships and pricing terms.
- Operates in a highly competitive and price-sensitive industry.
- Revenues are geographically concentrated in India with no global diversification.
- Any disruption in IT systems or data breaches can impact operations.
- Exposure to changes in regulatory and tax frameworks related to travel services.
- Any adverse travel industry trend (e.g., pandemics) may affect financial performance.
TSC India IPO Promoter Holding
| Pre Issue Share Holding | 90.74% |
| Post Issue Share Holding | – |
TSC India IPO Prospectus
Company Contact Information
| 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: cs@tscpl.biz Website: https://www.tscindialimited.com/ |
TSC India IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/IPO_Status.html |
TSC India IPO Lead Manager(s)
| 1. Expert Global Consultants Private Limited |
TSC India IPO FAQ
| What is TSC India IPO? TSC India IPO is a SME IPO. The issue is priced at ₹68 to ₹70 per equity share. The IPO is to be listed on NSE SME. |
| When TSC India IPO will open? The IPO is to open on 23 July 2025 for QIB, NII, and Retail Investors. |
| What is TSC India IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the TSC India IPO? You can apply TSC India IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the TSC India IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “TSC India IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the TSC India IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “TSC India IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the TSC India IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “TSC India IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the TSC India IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “TSC India IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is the TSC India IPO Size? TSC India IPO size is ₹25.89 Crore. |
| What is the TSC India IPO Price Band? TSC India IPO Price Band is ₹68 to ₹70. |
| What is TSC India IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 4000 Shares with ₹2,80,000 amount, while the maximum bid is 4000 Shares with ₹2,80,000. |
| What is the TSC India IPO Allotment Date? TSC India IPO allotment date is 28 July 2025. |
| What is the TSC India IPO Listing Date? TSC India IPO listing date is 30 July 2025. The IPO is to be listed on the NSE SME. |
