TSC India Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the TSC India Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹70
Per ShareLot Size
2000 Shares
Minimum Investment
₹1,40,000
Issue Size
₹25.89 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
TSC India Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
90.74%
Promoter Holding (Post-Issue)
66.85%
Issue Type
Book Building - SME
ISIN
INE16VK01010
About the Company
TSC India Limited (TSC) 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 requirements of its business clients. TSC works in close collaboration with airlines and travel agents to deliver cost-effective and streamlined travel solutions.
Industry Overview
The global economy, which grew by 3.3% in 2023, is expected to record a sluggish growth of 3.2% in 2024 before rising modestly to 3.3% in 2025. In 2021-2022, global banks were carrying a historically high debt burden after COVID-19. Central banks took tight monetary measures to control inflation and spike in commodity prices. Russia's war with Ukraine further affected the global supply chains and inflated the prices of energy and other food items. These factors coupled with war-related economic sanctions impacted the economic activities in Europe. Any further escalation in the war may further affect the rebound of the economy in Europe. In 2023, the travel and tourism sector contributed approximately USD 9.9 trillion to global GDP, representing around 9.1% of the global economy. This marks a recovery from the pandemic but remains about 4% below the pre-pandemic contribution of 10.4% in 2019. The World Travel & Tourism Council (WTTC) projects that by 2024, the sector's contribution will reach a record USD11.1 trillion, reflecting a significant 21% increase from 2019 levels. This growth underscores the sector's resilience and its critical role in the global economy, driven by factors such as the release of pent-up travel demand, increased international connectivity, and supportive government policies.
Company History
TSC India Limited was originally incorporated as `TSC Travel Services Private Limited' on July 18, 2003 vide Registration no. 026209 (CIN: U63040PB2003PTC026209) under the provisions of the Companies Act, 1956 with the Registrar of Companies, Punjab, H.P. & Chandigarh. Further, the Company was converted into a public limited company pursuant to shareholders resolution passed at the extra-ordinary general meeting of the Company held on June 06, 2024 and the name of the Company was changed to "TSC Travel Services Limited" and a Fresh Certificate of Incorporation dated August 01, 2024 bearing CIN U63040PB2003PLC026209 issued by the Registrar of Companies, Central Processing Centre. Subsequently, the name of the Company has been changed to "TSC India Limited" pursuant to the special resolution passed by the Shareholders of our Company at the Extra-Ordinary General Meeting held on August 12, 2024 and Central Processing Centre issued a fresh certificate of incorporation dated September 02, 2024 upon change of the name of the Company. Currently, the Corporate Identification Number of the Company is U63040PB2003PLC026209.
Products & Services
- TSC India Limited (TSC) is a travel management company focused on serving the B2B and corporate sectors.
Growth Strategy
- Implement Competitive Pricing Strategies.
- Engage Actively with Clients via Social and Digital Media.
- Continuously Introduce Value- Added Add-Ons.
- Create a Niche Market for the Business.
- Enhance Client- Employee Interaction to be User-Friendly.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of upto 36,98,000 equity shares of face value of Rs. 10/- each (The "Equity Shares") of TSC India Limited ("The Company" or "The Issuer") at an issue price of Rs. 70 per equity share (Including share Premium of Rs.60 per Equity Share) for cash, aggregating up to Rs. 25.89 crores ("The Issue") out of which upto 1,86,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 70 per equity share for cash, aggregating Rs. 1.32 crores will be reserved for subscription by the market maker to the issue (The "Market Maker Reservation Portion"). The issue less market maker reservation portion i.e. issue of upto 35,12,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 70 per equity share for cash, aggregating upto Rs. 24.58 crores is herein after referred to as the "Net Issue". The issue and net issue will constitute 26.32 % and 25 % respectively of the post-issue paid-up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Experienced Promoters having deep domain knowledge to scale up the business.
- Strong relationship with suppliers and diversified clientele with over 2996 registered customers till March 31, 2025.
- Management team having established track records.
- Established track record of successfully selling over 3,30,000 tickets over three financial years.
- Efficient business model with track record of delivering financial growth.
- The Company operations requires significant amount of working capital for a continuing growth. Its inability to meet its working capital requirements may adversely affect the company results of operations.
- Its business is significantly dependent on the global travel and tourism industry, and adverse developments in this industry could materially affect the company operations, financial performance, and growth prospects.
- Its offices, including the company Registered Office and Branch Offices, are located on leased premises, and any disruption in these lease arrangements could adversely affect its business, operations, and financial performance.
- Its business relies on a limited number of suppliers, and any adverse changes in these relationships or the company inability to establish new ones could negatively impact its operations and financial performance.
- Its suppliers may modify the terms of the company arrangements, including reducing or eliminating commissions, incentives, or other compensation payable to it, which could adversely affect the company business, financial condition, and results of operations.