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TSC India

NSE SMEListed
NSE SMEListed

IPO Timeline

Issue open date

23 Jul 2025

Issue close date

25 Jul 2025

UPI mandate deadline

25 Jul 2025

Allotment finalization

28 Jul 2025

Refund initiation

29 Jul 2025

Share credit

29 Jul 2025

Listing date

30 Jul 2025

Mandate end date

11 Aug 2025

Lock-in end date for anchor investors (50%)

27 Sep 2025

Lock-in end date for anchor investors (remaining)

26 Oct 2025

Grey Market Premium Trend

₹12
Current GMP
₹82
Est. Listing Price
17.1%
Est. Listing Gain
₹68 - ₹70
Price Band

GMP History

DateGMP (₹)Est. Listing Price (₹)Est. Listing Gain
27 Jul₹12₹8217.14%
26 Jul₹12₹8217.14%
25 Jul₹12₹8217.14%
24 Jul₹12₹8217.14%
23 Jul₹0₹700.00%
22 Jul₹0₹700.00%
21 Jul₹0₹700.00%
20 Jul₹0₹700.00%
19 Jul₹0₹700.00%
18 Jul₹0₹700.00%
17 Jul₹0₹700.00%
16 Jul₹0₹700.00%

Key Dates

Open
23 Jul 2025
Close
25 Jul 2025
Listing
30 Jul 2025

Quick Stats

Issue Size:26cr
Lot Size:2000 shares

Issue Details

Issue Size:26cr
Face Value:₹10
Listing At:NSE SME

Reservation

50%
QIB
15%
NII
35%
Retail

Additional Resources

RHPRead(Opens in a new tab)
DRHPRead(Opens in a new tab)

About the Company

Founded in 2003, TSC India Limited specializes in air ticketing services for the B2B and corporate sectors. The company partners with airlines and travel agents to provide cost-effective travel solutions and manage corporate itineraries. Operating in multiple cities across India, TSC India handles 420 bookings daily, serving over 2,100 customers. With a growing presence and a dedicated team, the company is poised for continued expansion in the travel management industry.

Strengths

  • Comprehensive suite of travel management solutions, enhancing operational efficiency
  • Leveraging Global Distribution Systems (GDS) partnerships to offer a broad range of travel services
  • Processes 420+ daily bookings and serves 2,100+ customers, demonstrating strong B2B market presence
  • Experienced Promoters having deep domain knowledge
  • 20+ years of experience in B2B travel management with a focus on air ticketing

Risks

  • The company earned 87 percent of total gross transaction values (GTV) from Jalandhar alone
  • Client concentration with Top 5 contributing over 50% of revenue in FY24
  • Dependence on third-party web hosting providers
  • Highly competitive industry combined with regulatory challenges
  • Contingent liabilities, if materialized may impact financials

TSC India IPO – Frequently Asked Questions

  • The price band for the TSC India IPO is set at ₹68 to ₹70 per share.
  • The TSC India IPO opens on July 23, 2025 and closes on July 25, 2025.
  • The tentative listing date for the TSC India IPO is July 30, 2025.
  • You can apply for the TSC India IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose TSC India, enter lot quantity and UPI ID, then approve the mandate.
  • The lot size for the TSC India IPO is 2000 shares. Investors must apply for at least one lot (i.e., 2000 shares).