TSC India IPO is a book-built issue IPO, aiming to raise ₹25.89 crore. It comprises a fresh issue of 36.98 lakh equity shares. The bidding window was open from July 23, 2025, to July 25, 2025, with the IPO allotment to be finalised on July 28, 2025. TSC India is scheduled to list on NSE SME on July 30, 2025.
The IPO was priced at ₹68-₹70 per share with a lot size of 2000 shares. The public issue received bids for 18,02,54,000 shares against 24,62,000 shares available, resulting in an overall subscription of 73.21 times. NIIs led the response, subscribing 133.17 times their quota, followed by retail investors at 66.47 times.
TSC India' ₹25.89 crore IPO, priced at ₹68-₹70 per share, was subscribed 73.21 times overall. The IPO is a fresh issue of 36.98 lakh equity shares. Bidding took place from July 23 to July 25, 2025, with the TSC India IPO allotment status on July 28, 2025. Retail investors subscribed 66.47 and NIIs 133.17 times. Listing is expected on July 30, 2025.
The table below breaks down the TSC India share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| Market Maker Shares Offered | 1,86,000 (5.03%) |
| QIB Shares Offered | 17,54,000 (47.43%) |
| − Anchor Investor Shares Offered | 10,50,000 (28.39%) |
| − QIB (Ex. Anchor) Shares Offered | 7,04,000 (19.04%) |
| 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%) |
Data Source: NSE
| Category | Subscription (times) |
| Qualified Institutional Buyers | 40.03 |
| Non-Institutional Investors | 133.17 |
| Retail Individual Investors | 66.47 |
| Total shares | 73.21 |
Note: The subscription details are as of July 25, 2025
TSC India Limited is a travel management company with over 20 years of experience, primarily serving the B2B and corporate sectors. Originally incorporated as TSC Travel Services Private Limited in 2003, the company later became a public limited entity and was renamed TSC India Limited in 2024.
Headquartered in Punjab, the company operates across multiple Indian cities, including Jalandhar, Chandigarh, Lucknow, Ahmedabad, Jaipur, New Delhi, and Pune. TSC India focuses on offering cost-effective and reliable air ticketing services. With strong partnerships across the travel ecosystem, including airlines and travel agents, the company manages various aspects of travel planning.
It has facilitated around 3,30,000 ticket bookings in the last 3 years, maintaining 100% booking accuracy. On average, the company handles over 13,000 bookings every month, reflecting a high level of operational efficiency.
The company’s mission is to enhance customer experience using seamless services and smart technology. TSC India aims to become the most preferred B2B travel company in the country, setting new benchmarks for reliability and customer service.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jul 25, 2025, 9:27 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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