TSC India Ltd IPO
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TSC India Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 36.98 L | TBA | ₹ 12.3 L | ₹ 93.91 L | NSE | ₹ 25.89 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 23 Jul, 25 | 25 Jul, 25 | 2000 | ₹ 1,36,000 | Book Building - SME | 30 Jul, 25 |
TSC India Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Travel Agencies |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 16.07x | 1754000 | 28182000 |
| NII | 133.54x | 528000 | 70510000 |
| Retail | 66.76x | 1230000 | 82112000 |
| Employee | 0x | 0 | 0 |
| Total | 48.89x | 3698000 | 180804000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
TSC India Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 6.76 | 6.07 | TBA |
| EBITDA | 7.38 | 7.01 | TBA |
| PAT | 4.53 | 3.88 | TBA |
| Total Assets | 36.94 | 38.26 | TBA |
| Share Capital | 10.35 | 1.92 | TBA |
| Total Borrowings | 19.49 | 16.77 | TBA |
| Operating Activities (Net Cash) | 5.15 | 4.82 | TBA |
| Investing Activities (Net Cash) | 1.60 | 0.80 | TBA |
| Financing Activities (Net Cash) | 19.49 | 16.77 | TBA |
| Net Cashflow | 0.96 | 5.62 | TBA |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About TSC India Ltd
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.
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.
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.
Peer Comparison:
- No Listed Industry Peers
TSC India Ltd IPO Key Points
Strengths
- 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.
Risk
- 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.
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.
- 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.
How To Apply for TSC India Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
