TSC India IPO GMP & Review: Apply or Avoid?
Posted by : sachet | Tue Jul 22 2025

TSC India IPO is open for bidding from 23rd July 2025 to 25th July 2025. It is a book-building IPO of ₹25.89 crore, comprising entirely a fresh issue of 36.98 crore shares. The issue will be listed on NSE and SME on its tentative listing date, 30th July 2025.
TSC India IPO Details
TSC India IPO date is fixed between 23rd July 2025 and 25th July 2025. The face value of the TSC India is ₹10 per share, and the IPO Issue price band is set at ₹68 to ₹70 per share.
TSC India Limited is the registrar of the TSC India IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.
IPO Open Date | 23rd July 2025 |
IPO Close Date | 25th July 2025 |
IPO Allotment Date | 28th July 2025 |
Refund Initiation | 29th July 2025 |
Issue Size | 36,98,000 shares(aggregating up to ₹25.89 Cr) |
Face Value | ₹10 per share |
Lot Size | 2,000 Share |
Issue Price Band | ₹68 to ₹70 per share |
Issue Type | Bookbuilding IPO |
Listing At | NSE & SME |
Listing Date | 30th July 2025 |
TSC India IPO Share Reservation
TSC India IPO: It is a book-building IPO of ₹25.89 crore, comprising entirely a fresh issue of 36.98 Lakh shares. TSC India IPO shares will be listed on the NSE and SME. Furthermore, SEBI has specified the share reservation criteria for different investor categories.
Investor Category | Shares Offered | % of Shares Offered |
Market Maker Shares Offered | 1,86,000 | 5.03% |
QIB Shares Offered | 17,54,000 | 47.43% |
NII (HNI) Shares Offered | 5,28,000 | 14.28% |
Retail Shares Offered | 12,30,000 | 33.26% |
Total Shares Offered | 36,98,000 | 100.00% |
TSC India IPO GMP Grey Market Premium
TSC India IPO GMP is the gap between the price band of the issue and the price at which the company shares are currently trading in the grey market. Do you want to get live updates on the TSC India IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.
GMP DATE | IPO Price | GMP Price | Estimated Listing Price | Estimated Gain |
22-07-2025 | ₹70.00 | ₹0 | ₹70.00 | ₹0.00% |
21-07-2025 | ₹70.00 | ₹0 | ₹70.00 | ₹0.00% |
20-07-2025 | ₹70.00 | ₹0 | ₹70.00 | ₹0.00% |
19-07-2025 | ₹70.00 | ₹0 | ₹70.00 | ₹0.00% |
18-07-2025 | ₹70.00 | ₹0 | ₹70.00 | ₹0.00% |
As of 22nd July 2025, TSC India IPO GMP stands at ₹0 per share, which means the share will likely show a listing at ₹70.00 per share on its tentative listing date, 30th July 2025.
GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the TSC India IPO GMP. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends.
TSC India IPO GMP Review

Check out the detailed TSC India IPO GMP review for a thorough understanding of its potential to report listing gains on 30th July 2025. The TSC India IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO.
Financial Health
Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the growth margins and declines of the business’s financials before applying for the TSC India IPO.
TSC India Limited’s revenue soared 28% from ₹20.59 crores in March 2024 to ₹26.32 crores in March 2025. Moreover, the company’s PAT increased by 4% from ₹4.72 crores in March 2024 to ₹4.93 crores in March 2025.
The TSC India IPO has shown consistent revenue growth, indicating that the company is financially stable. Moreover, the brokers, investors, and RAs have a positive outlook for the TSC India IPO for its tentative listing day, which is 30th July 2025.
Technical Analysis
A number of technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of the TSC India IPO.
Key Indicators | Value |
PE Ratio (Price-to-Earnings) | 15.44 |
EPS (Earnings Per Share) | 4.53 |
RoNW | 31.13% |
ROCE | 19.49% |
ROE | 31.13% |
EBITDA Margin | 33.96% |
Price to Book Value | 1.55 |
Market Capitalisation | ₹98.34 Cr |
Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of TSC India Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.
Indicators | Pre-IPO | Post-IPO |
P/E | 15.44 | 18.17 |
EPS | 4.53 | 3.85 |
TSC India IPO Subscription Status
TSC India IPO is to be opened for bidding on 22nd July 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live TSC India IPO Subscription Status.
Investor Category | Shares Offered | Shares Subscribed | Subscription to the Times |
Market Maker Shares Offered | 1,86,000 | Yet to be announced | Yet to be announced |
QIB Shares Offered | 17,54,000 | Yet to be announced | Yet to be announced |
NII (HNI) Shares Offered | 5,28,000 | Yet to be announced | Yet to be announced |
Retail Shares Offered | 12,30,000 | Yet to be announced | Yet to be announced |
Total Shares Offered | 36,98,000 | Yet to be announced | Yet to be announced |
About TSC India Limited

TSC India Limited was incorporated in 2003. TSC India Limited is one of the popular travel companies that focuses on providing air travel services to the business-to-business (B2B) and corporate customers, according to the specific needs of the clients.TSC India has partnered with various airlines and travel agents to offer cost-beneficial services and smooth operations to the end-user customer. Currently, the company handles 420 bookings daily,300 weekly, and 12000 monthly, and registers over 2100 customers. highlighting its strong presence in the market.
- Automated accounting solutions designed to simplify financial management.
- Offers real-time updates on flights and hotels.
- Support is provided throughout the booking process, from inquiries to confirmations.
- Instant Booking and Confirmation.
- The platform offers diverse travel services like flights, accommodations, and car rentals.
- Quick and reliable booking confirmations to reduce uncertainties and delays.
- The platform integrates with Global Distribution Systems (GDS) to access various travel services and competitive rates.
TSC India Limited Financials
The company’s financial analysis is essential before applying for the TSC India IPO. Look at the table to learn about TSC India’s financials.
Year Ended | 31st March 2025 | 31st March 2024 | 31st March 2023 |
Assets | 61.45 | 53.33 | 26.16 |
Revenue | 26.32 | 20.59 | 9.85 |
Profit After Tax | 4.93 | 4.72 | 1.22 |
EBITDA | 8.75 | 8.19 | 2.82 |
Net Worth | 15.83 | 8.74 | 4.56 |
Reserve and Surplus | 5.48 | 6.82 | 2.64 |
Total Borrowings | 25.53 | 17.76 | 13.08 |
Explanation
TSC India Limited’s revenue soared 28% from ₹20.59 crores in March 2024 to ₹26.32 crores in March 2025. Moreover, the company’s PAT increased by 4% from ₹4.72 crores in March 2024 to ₹4.93 crores in March 2025.
TSC India IPO Bidding Requirements
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
TSC India IPO has reserved lot sizes to be applied to different investor categories. Look at the table below to know about the requirements to be fulfilled for applying for this IPO.
Use the lot size calculator to find how many shares you should apply!
Application | Lots | Shares | Amount |
Retail (Min) | 2 | 4,000 | ₹2,80,000 |
Retail (Max) | 2 | 4,000 | ₹2,80,000 |
S-HNI (Min) | 3 | 6,000 | ₹4,20,000 |
S-HNI (Max) | 7 | 14,000 | ₹9,80,000 |
B-HNI (Min) | 8 | 16,000 | ₹11,20,000 |
TSC India IPO Promoter Holdings
Have a look at the table. Below are the Promoter holdings of TSC India. Promoters of the company are. Mr Ashish Kumar Mittal, Mrs Puja Mittal, and Mr Vinay Gupta.
Shareholding Pre-Issue | 90.74% |
Shareholding Post-Issue | – |
Note: The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue
Aim of TSC India IPO
The primary aim of the TSC India IPO is to raise ₹25.89 crores. On the other hand, TSC India has decided to utilise these funds in different ways. Explore some of the secondary objectives for the TSC India.
- To meet General Purposes
- To Issue Expenses
- To meet the working capital Requirements of the company
Should I Invest in TSC India IPO?
“TIL is engaged in providing comprehensive air ticketing services on a B2B business model. It posted growth in its top and bottom lines for the reported periods. Based on its recent financial data, the issue appears fully priced. It is operating in a highly competitive and fragmented segment, raising concerns over its margin’s sustainability. Almost static bottom lines for FY24 and FY25 raise concern. Well-informed investors may park moderate funds for the medium term.” ~Dilip Davda (Chief Editor at Chittorgarh).
Pros of TSC India IPO
- Offer real-time updates
- Instant Booking and confirmation
- Quick and reliable
- Collaborative brand partnership
- Diverse travel services
Cons of TSC India IPO
- High competition
- Price-sensitive industry
- Exposure to Regulatory and tax frameworks
How to Apply for TSC India IPO?

Check the steps mentioned below to apply for TSC India Ltd.
- Step 1: Conduct thorough research on the TSC India IPO GMP, subscription status, issue size, lot size, and other details.
- Step 2: Open a demat account on Univest to learn about real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
- Step 3: Make a bid for 2 lot 4,000 shares at ₹2,72,000
- Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.
Note: You can apply for the TSC India IPO from more than one demat account to increase your allotment chances.
How to Check TSC India IPO Allotment Status?
You can check for the TSC India IPO allotment in different ways. These include NSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.
Check On NSE
- Visit the NSE Official Site
- Navigate to the IPO Allotment Section.
- Select Equity as the issue type.
- Choose the TSC India IPO.
- Choose whether to proceed with the PAN number or the application number.
- Submit your details to get the allotment status online.
Check On the Registrar Portal
- Visit the registrar portal.
- Click on the allotment option.
- Fill in the required details.
- Click on the submit button to know your TSC India IPO allotment status.
Let’s Wrap
The TSC India IPO is a bookbuilding issue of shares worth ₹25.89 crores. The shares of TSC India Limited will be listed on NSE and SME on its tentative listing date of 30th July 2025. Researching the TSC India IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.
Open a demat account on Univest now to initiate your investment journey!
Also Read : Anthem Biosciences IPO GMP: Day 1 IPO Live Updates
FAQs on TSC India IPO
How is the TSC India IPO?
Ans. Currently, on 22nd July 2025, the TSC India IPO GMP (Grey Market Premium) stands at ₹0. It indicates that the estimated listing price could be ₹70 per share. It is a bookbuilding IPO of an entirely fresh issue worth ₹35.98 lakh shares. The face value of each share of TSC India is ₹10 per share.
What is the TSC India IPO price?
Ans. The TSC India issue price is set at ₹68 to ₹70 per share. Retail investors can apply for a minimum of 4,000 shares worth ₹2,72,000.
Is the TSC India IPO good?
TSC India Limited’s revenue soared 28% from ₹20.59 crores in March 2024 to ₹26.32 crores in March 2025. Moreover, the company’s PAT increased by 4% from ₹4.72 crores in March 2024 to ₹4.93 crores in March 2025. Investors can analyse other relevant factors and make a decision accordingly.
Who is the registrar of the TSC India IPO?
Ans. Bigshare Services Private Limited is the registrar of the TSC India IPO, awaiting to manage the IPO allotment procedure and refund initiation. For any queries regarding the TSC India allotment and refund, you can contact us. Bigshare Services Private Limited, ipo@bigshareonline.com or +91-22-6263 8200.
What is the issue size of the TSC India IPO?
Ans TSC India IPO is a bookbuilding IPO of ₹25.89 crores. Entirely a fresh issue of 36.98 crore shares. Moreover, the IPO is set to open on 22nd July 2025 and will be closed on 25th July 2025.
Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the TSC India IPO, download the TSC India IPO RHP and TSC India IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.
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