TSC India came to market through an SME IPO that opened on 23 July 2025 and closed on 25 July 2025, and the shares listed on 30 July 2025 on NSE SME. The price band was ₹68 to ₹70 per share and one lot was 2000 shares, so the minimum application was ₹1,40,000. The issue size was ₹25.89 crore. The whole issue was fresh shares, so the money raised went to the company.
Bigshare Services Pvt Limited was the registrar to the issue, and Expert Global Consultants Private Limited was the lead manager.
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Established in 2003, TSC India Limited is a travel management firm with expertise in holistic air ticketing services for its customers. Operating in B2B and corporate markets, TSC works with airlines and travel agencies to offer economy-conscious travel solutions.TSC collaborates with several travel suppliers to coordinate travel arrangement, such as reserving flights and coordinating corporate travel itineraries. With an operational base in cities including Jalandhar, Chandigarh, Lucknow, Ahmedabad, Jaipur, New Delhi, and Pune, it demonstrates its growing footprints in India.
The company deals with a wide range of clients, from travel agencies, corporations, to tour operators.The firm handles more than 420 bookings per day, 3,000 per week, and 12,000 per month, showcasing efficient operations. It had over 2,100 customers by June 30, 2024, exhibiting a robust B2B travel market share. The firm provides the following services: Booking Management: Efficient processes allow precise air travel bookings. Analytical Reporting Systems: Data-driven insights enable customers to analyze travel trends and implement better strategies.
Cost-Effective Solutions: Affordable prices provide clients with quality travel solutions at optimal prices. Consulting and Negotiating Skills: Consulting services assist with travel requirements and negotiate beneficial terms. 24/7 Emergency Assistance: 24/7 assistance is provided without additional cost, offering urgent support in case of emergency disruptions. Open Transparent Practices: Openness and transparency in discussing prices and policies foster client trust. One-Stop Integrated Solutions: One platform streamlines management and provides travel information and services. Customer-Oriented Service:
Experienced professionals effectively cater to client requirements and firmly believe in customer service satisfaction. As of September 30, 2024, the company had 77 employees working in different departments namely Administration, Finance, HR, Projects, Procurement, R&D, Sales, Operations, and Design.
As described in the offer document.
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Mr Ashish Kumar Mittal, Mrs Puja Mittal, Mr Vinay Gupta. Promoter holding 90.74% before the issue.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
TSC India IPO was a ₹25.89 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹68–₹70 per share with a lot size of 2,000 shares; the minimum retail application was 4,000 shares (₹2,80,000). The IPO was open from July 23 to July 25, 2025. Shares listed on NSE SME on July 30, 2025 at ₹68, a 2.9% discount to the issue price of ₹70. Bigshare Services Pvt Limited is the registrar.
Expert Global Consultants Private Limited is the book running lead manager.
The price band of TSC India IPO is ₹68 to ₹70 per share.
The lot size of TSC India IPO is 2000 shares.
The minimum investment for TSC India IPO is approximately ₹1,40,000 based on the upper price band.
The allotment date of TSC India IPO is Jul 28, 2025.
TSC India IPO's final recorded GMP before listing was ₹7 per share (a 10% premium over the ₹70 upper price band). The shares listed at ₹68. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check TSC India IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the TSC India IPO allotment status on Rupix for quick and easy access.
₹68 to ₹70 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 2000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,40,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,40,000, for one lot of 2000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 23 July 2025 and closed on 25 July 2025.
The basis of allotment was published on 28 July 2025 by Bigshare Services Pvt Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 30 July 2025 on NSE SME.
The issue size was ₹25.89 crore. The fresh issue was 36,98,000 shares (aggregating up to ₹25.89 crore).