Latest news with #TSCIndia
Mint
6 days ago
- Business
- Mint
TSC India IPO opens today: Check subscription status, GMP, and other details
TSC India IPO: The initial public offering (IPO) of TSC India opened for subscription on July 23 and will remain open until July 25. Through this SME IPO, the company plans to raise ₹ 25.89 crore, with a price band set between ₹ 68 and ₹ 70 per share. The TSC India IPO saw a muted response on its opening day, with an overall subscription of 0.29 times by 2 PM. The issue garnered bids for 7.26 lakh shares against the 24.62 lakh shares on offer. The retail investor portion was subscribed 0.50 times, while the non-institutional investor (NII) category saw a subscription of 0.22 times. As of the latest update, the qualified institutional buyer (QIB) segment had not received any bids. The company's shares were trading at a zero premium in the grey market, suggesting a flat listing. Based on this, the estimated listing price remains at ₹ 70, which is the same as the IPO issue price. One must note that grey market premium is only an indicator of how the company's shares are performing in the unlisted market and can change quickly. TSC India Limited's initial public offering (IPO), entirely a fresh issue comprising 36.98 lakh equity shares, is open for subscription with no offer-for-sale (OFS) component. The IPO is aimed at raising funds to support the company's working capital requirements, issue-related expenses, and general corporate purposes. Retail investors looking to subscribe were required to apply for a minimum of 2,000 shares, with the minimum investment set at ₹ 2.72 lakh, equivalent to two lots (4,000 shares). The price band and issue size position it within the higher investment bracket for SME IPOs. Ahead of the issue opening on July 22, 2025, TSC India successfully raised ₹ 7.35 crore through anchor investors, underscoring initial institutional confidence in the offer. The IPO allotment status is expected to be finalised on Monday, July 28, with equity shares likely to be credited to successful applicants' Demat accounts by Tuesday, July 29. Refunds for unsuccessful applicants will also be processed the same day. The company is scheduled to make its market debut on the NSE SME platform on Wednesday, July 30. The IPO is being managed by Expert Global Consultants Private Limited as the book-running lead manager, while Bigshare Services Pvt Ltd serves as the registrar. Prabhat Financial Services Ltd is acting as the market maker for the issue. TSC India Limited operates in the B2B travel management space, offering air ticketing services to travel agents, corporations, and tour operators. While the company has reported steady growth in top-line numbers in recent periods, analysts have raised concerns about margin sustainability due to a highly competitive and fragmented industry. Market expert Dilip Davda from gave the IPO a 'may apply' rating. He noted that while the company has demonstrated growth, static bottom-line figures for FY24 and FY25 and high competition in the segment are potential red flags. Davda advised well-informed investors to consider parking moderate funds for the medium term. Incorporated in 2003, TSC India Limited has established itself as a leading player in the B2B and corporate travel management space, offering end-to-end air ticketing solutions tailored to client needs. With a strategic focus on delivering cost-effective and streamlined travel services, the company collaborates with a wide network of airlines and travel agents. TSC India handles all aspects of business travel planning—from flight bookings to curated corporate itineraries—catering to travel agencies, tour operators, and corporate clients across India. Its presence spans multiple cities including Jalandhar, Chandigarh, Lucknow, Ahmedabad, Jaipur, New Delhi, and Pune, underscoring its expanding national footprint. With over 2,100 clients registered as of June 30, 2024, the company's operations reflect high volume and efficiency. TSC India manages more than 420 bookings daily, 3,000 weekly, and 12,000 monthly, showcasing its robust backend systems and trusted customer service.
Mint
7 days ago
- Business
- Mint
TSC India IPO opens today: Check subscription status, GMP, and other details
TSC India IPO: The initial public offering (IPO) of TSC India opened for subscription on July 23 and will remain open until July 25. Through this SME IPO, the company plans to raise ₹ 25.89 crore, with a price band set between ₹ 68 and ₹ 70 per share. The TSC India IPO saw a muted response on its opening day, with an overall subscription of 0.29 times by 2 PM. The issue garnered bids for 7.26 lakh shares against the 24.62 lakh shares on offer. The retail investor portion was subscribed 0.50 times, while the non-institutional investor (NII) category saw a subscription of 0.22 times. As of the latest update, the qualified institutional buyer (QIB) segment had not received any bids. The company's shares were trading at a zero premium in the grey market, suggesting a flat listing. Based on this, the estimated listing price remains at ₹ 70, which is the same as the IPO issue price. One must note that grey market premium is only an indicator of how the company's shares are performing in the unlisted market and can change quickly. TSC India Limited's initial public offering (IPO), entirely a fresh issue comprising 36.98 lakh equity shares, is open for subscription with no offer-for-sale (OFS) component. The IPO is aimed at raising funds to support the company's working capital requirements, issue-related expenses, and general corporate purposes. Retail investors looking to subscribe were required to apply for a minimum of 2,000 shares, with the minimum investment set at ₹ 2.72 lakh, equivalent to two lots (4,000 shares). The price band and issue size position it within the higher investment bracket for SME IPOs. Ahead of the issue opening on July 22, 2025, TSC India successfully raised ₹ 7.35 crore through anchor investors, underscoring initial institutional confidence in the offer. The IPO allotment status is expected to be finalised on Monday, July 28, with equity shares likely to be credited to successful applicants' Demat accounts by Tuesday, July 29. Refunds for unsuccessful applicants will also be processed the same day. The company is scheduled to make its market debut on the NSE SME platform on Wednesday, July 30. The IPO is being managed by Expert Global Consultants Private Limited as the book-running lead manager, while Bigshare Services Pvt Ltd serves as the registrar. Prabhat Financial Services Ltd is acting as the market maker for the issue. TSC India Limited operates in the B2B travel management space, offering air ticketing services to travel agents, corporations, and tour operators. While the company has reported steady growth in top-line numbers in recent periods, analysts have raised concerns about margin sustainability due to a highly competitive and fragmented industry. Market expert Dilip Davda from gave the IPO a 'may apply' rating. He noted that while the company has demonstrated growth, static bottom-line figures for FY24 and FY25 and high competition in the segment are potential red flags. Davda advised well-informed investors to consider parking moderate funds for the medium term. Incorporated in 2003, TSC India Limited has established itself as a leading player in the B2B and corporate travel management space, offering end-to-end air ticketing solutions tailored to client needs. With a strategic focus on delivering cost-effective and streamlined travel services, the company collaborates with a wide network of airlines and travel agents. TSC India handles all aspects of business travel planning—from flight bookings to curated corporate itineraries—catering to travel agencies, tour operators, and corporate clients across India. Its presence spans multiple cities including Jalandhar, Chandigarh, Lucknow, Ahmedabad, Jaipur, New Delhi, and Pune, underscoring its expanding national footprint. With over 2,100 clients registered as of June 30, 2024, the company's operations reflect high volume and efficiency. TSC India manages more than 420 bookings daily, 3,000 weekly, and 12,000 monthly, showcasing its robust backend systems and trusted customer service. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.
Time of India
7 days ago
- Business
- Time of India
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. Explore courses from Top Institutes in Please select course: Select a Course Category Operations Management others MCA Technology Artificial Intelligence Data Analytics PGDM Others Healthcare Product Management Public Policy Project Management Finance Data Science Cybersecurity CXO Management Design Thinking Data Science Digital Marketing Leadership MBA Degree healthcare Skills you'll gain: Quality Management & Lean Six Sigma Analytical Tools Supply Chain Management & Strategies Service Operations Management Duration: 10 Months IIM Lucknow IIML Executive Programme in Strategic Operations Management & Supply Chain Analytics Starts on Jan 27, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Top 15 Most Beautiful Women in the World 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. Live Events 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.
