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Ahead of the issue opening, the GMP is Rs 0. The company has set a minimum application size of 2,000 shares. For retail investors, the minimum bid size is 4,000 shares or Rs 2.8 lakh.
The IPO is being managed by Expert Global Consultants, with Bigshare Services acting as the registrar.
TSC India’s shares are expected to list on the NSE SME platform on July 30, with allotment and refund processing likely by July 28 and July 29 respectively.
TSC India operates in the corporate travel and B2B air-ticketing segment, offering end-to-end travel solutions including bookings, itinerary management, pricing negotiations, analytics, and 24×7 emergency support.
The company has a strong regional footprint with offices in cities such as Jalandhar, Chandigarh etc.,As of June 30, 2024, the company catered to over 2,100 clients and averaged 12,000 bookings per month. Its operational model combines technology integration via Global Distribution Systems (GDS) and personalised consulting, promising quick confirmations, real-time updates, and transparent pricing for its clients.TSC India has shown steady financial growth. For FY25, the company posted a revenue of Rs 26.32 crore, up 28% from Rs 20.59 crore in FY24. Profit after tax stood at Rs 4.93 crore, a marginal improvement from Rs 4.72 crore last year.
Promoters Ashish, Puja Mittal, Vinay Gupta, held 90.74% of the pre-issue capital. Post-listing, the shareholding will dilute, although final numbers are yet to be disclosed.
The proceeds from the issue will primarily go towards meeting working capital requirements, with Rs 22 crore allocated for this purpose. The rest will be used for general corporate purposes and issue-related expenses.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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