7 days ago
TSC India IPO opens for subscription: Check GMP, price band and other details
TSC India
, a travel management company with a strong B2B and corporate focus, will open its maiden public offer today aiming to raise Rs 25.89 crore. The issue is a fresh equity sale of 36.98 lakh shares. The IPO is being offered in the
price band
of Rs 68 to Rs 70 per share and will close on July 25.
Ahead of the issue opening, the
GMP
is Rs 0. The company has set a minimum application size of 2,000 shares. For retail investors, the minimum bid size is 4,000 shares or Rs 2.8 lakh.
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The IPO is being managed by Expert Global Consultants, with Bigshare Services acting as the registrar.
TSC India's shares are expected to list on the NSE SME platform on July 30, with allotment and refund processing likely by July 28 and July 29 respectively.
TSC India operates in the corporate travel and B2B air-ticketing segment, offering end-to-end travel solutions including bookings, itinerary management, pricing negotiations, analytics, and 24x7 emergency support.
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The company has a strong regional footprint with offices in cities such as Jalandhar, Chandigarh etc.,
As of June 30, 2024, the company catered to over 2,100 clients and averaged 12,000 bookings per month. Its operational model combines technology integration via Global Distribution Systems (GDS) and personalised consulting, promising quick confirmations, real-time updates, and transparent pricing for its clients.
TSC India has shown steady financial growth. For FY25, the company posted a revenue of Rs 26.32 crore, up 28% from Rs 20.59 crore in FY24. Profit after tax stood at Rs 4.93 crore, a marginal improvement from Rs 4.72 crore last year.
Promoters Ashish, Puja Mittal, Vinay Gupta, held 90.74% of the pre-issue capital. Post-listing, the shareholding will dilute, although final numbers are yet to be disclosed.
