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TSC India IPO
TSC India Ltd
₹1,36,000 /2000 sharesMinimum Investment
TSC India IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹70.00 | ₹68.00 | -₹2.00 (2.86%) |
TSC India IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 23 Jul ‘25 - 25 Jul ‘25 | ₹2,72,000 | 2,000 | ₹68 - ₹70 |
| Issue Size | IPO Doc |
|---|---|
| 25.89Cr | RHP PDF |
Subscription rate
As of 25 Jul'25, 04:00 PM
| Qualified Institutional Buyers | 26.15x |
| Non-Institutional Investor | 89.98x |
| Retail Individual Investor | 40.91x |
| Total | 43.87x |
About TSC India
Founded in
2003
Managing director
Mr Ashish Kumar Mittal
Parent organisation
TSC India Ltd
Strengths & Financials of TSC India
Strengths
Risks
TSC India claims to have automated accounting solutions that simplify financial management for travel partners. Key features include automated invoice generation, real-time payment tracking, and detailed financial reporting, helping ensure transparency and accuracy in transactions.
The company claims to provide real-time updates on flights, hotel availability, and other travel services. It further states that this allows partners to make timely decisions and adjust travel plans proactively, leading to enhanced service delivery and client confidence.
TSC India claims to offer comprehensive support throughout the booking process, from initial inquiries to final confirmations. The platform and dedicated support team assist with pricing, customisation, and modifications, ensuring a seamless experience for partners and their clients.
The company claims to enable immediate booking and confirmation, reducing the risk of reservation loss. It further states that this feature streamlines workflows and enhances customer satisfaction by minimising delays.
TSC India claims to provide access to a wide range of travel services, including flights, accommodations, and car rentals.
The company claims to offer built-in tools for managing sub-agents efficiently. These tools allow partners to monitor performance, track bookings, and manage commission structures, supporting business growth and maintaining control over operations.
The company claims to integrate with global distribution systems (GDS), giving partners access to a wide range of travel services and competitive rates. It states that this integration enhances the availability of global travel options and improves flexibility for clients.
The company is ISO 9001:2015 certified for its quality management systems.
The company has reported a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 4.51 crore in FY22 to Rs 9.30 crore in FY23 and Rs 19.35 crore in FY24. PAT increased from Rs 0.29 crore in FY22 to Rs 1.19 crore in FY23 and Rs 4.69 crore in FY24.
TSC India’s business is significantly dependent on the global travel and tourism industry, which is highly sensitive to economic, geopolitical, and environmental factors. Any adverse developments in this sector, such as fluctuations in air travel demand or economic downturns, could negatively impact the company’s operations, financial performance, and growth prospects.
The top three suppliers accounted for Rs 74.52 crore (34 percent) of the company’s gross transaction value (GTV) in the three months ended June 30, 2024, Rs 271.65 crore (38 percent) in FY24, Rs 173.35 crore (41 percent) in FY23, and Rs 95.52 crore (55 percent) in FY22. The top supplier alone accounted for Rs 30.99 crore (14 percent) of the company’s GTV in the three months ended June 30, 2024, Rs 135.5 crore (19 percent) in FY24, Rs 88.6 crore (21 percent) in FY23, and Rs 41.13 crore (24 percent) in FY22. Any disruption in supplies from one or more of these suppliers could adversely affect the company’s business and finances.
TSC India’s platform relies on third-party web-hosting providers for its operations. Any technical issues, disruptions, or failures from these providers could negatively impact the platform’s performance, user experience, and business operations.
As of the three months ended June 30, 2024, the company had contingent liabilities amounting to Rs 20.26 crore. If any of these contingent liabilities materialise, it could adversely affect the company’s financial condition.
TSC India’s business experiences seasonal fluctuations, with higher demand for travel services during school holidays, summer breaks, and major festivals. Any inability to manage these variations in demand, particularly during peak seasons, could adversely affect its business and financial condition.
The company’s business is dependent on a range of third-party systems and service providers, including global distribution systems (GDSs), information technology (IT) infrastructure, payment gateways, and customer service tools. Any failure or disruption in these services, whether due to poor performance, financial difficulties, or regulatory issues, could adversely affect the company’s business and reputation.
The company, its subsidiaries, and promoters are involved in certain ongoing legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
As of June 30, 2024, the company had outstanding financial indebtedness amounting to Rs 9.51 crore. Any failure to service or repay these loans could harm the company’s operations and financial position.
TSC India Financials
*All values are in Rs. Cr
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Application Details of TSC India IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹68 - 70 | ₹2 - 5 Lakh |
| High Networth Individual | ₹68 - 70 | ₹2 - 5 Lakh |
For TSC India IPO, eligible investors can apply as Regular.