The initial public offer (IPO) of TSC India received bids for 19,28,000 shares as against 26,48,000 shares on offer, as per NSE data as of 17:00 hours on Wednesday (23 July 2025). The issue was subscribed 0.73 times.
The issue opened for bidding on Wednesday (23 July 2025) and it will close on Friday (25 July 2025). The price band of the IPO is fixed between Rs 68 to Rs 70 per share. The minimum order quantity is 2,000 equity shares. The equity shares will list on NSE’s SME platform.
The IPO comprises fresh issue of 36,98,000 equity shares. About 1,86,000 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 35,12,000 equity shares including anchor allocation portion.
The issue and the net issue will constitute 26.32% and 25%, respectively, of the post issue paid up equity share capital of the company.
The company intends to utilize the net proceeds for working capital requirements of the company and general corporate purposes.
Ahead of the TSC India on Tuesday, 22 July 2025, raised Rs 7.35 crore from anchor investors. The board has allotted 10.50 lakh shares at Rs 70 per share to 5 anchor investors.
TSC India is a travel management company focused on serving the B2B and corporate sectors. The company specializes in providing comprehensive air ticketing services tailored to the needs of its business clients. TSC works closely with airlines and travel agents to deliver cost-effective and streamlined travel solutions. As of 31 March 2025, the company had a total of 72 employees.
The company recorded revenue from operations of Rs 25.78 crore and net profit of Rs 4.93 crore for the period ended 31 March 2025.