TSC India IPO

About the company

Incorporated in 2003, TSC India Limited is a B2B travel management company focused on air ticketing for retail agents, tour operators, and corporates. Operating across seven cities, it facilitated 3.3+ lakh bookings over FY23–FY25, with a registered client base of nearly 3,000 and a 75+ member team. GTV grew from ₹426.53 crore in FY23 to ₹805.88 crore in FY25, with the take rate improving from 2.04% to 2.98%. TSC runs a tech-enabled platform offering real-time booking, automated accounting, and multi-channel support. It has been awarded by leading airlines like Air India and Singapore Airlines. Its revenue model is built on airline commissions, productivity-linked bonuses, credit card rebates, and GDS segment fees. The company also owns an NBFC arm, TSC Finserv Pvt. Ltd.

Financial performance (₹ Cr)

Subscription breakup (final, times)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   23 Jul 2025

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   25 Jul 2025

   Last day to place your bid

3. Basis of Allotment

   Completed
   28 Jul 2025

   Share allotment finalised

4. Refund Initiation

   Completed
   29 Jul 2025

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   29 Jul 2025

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   30 Jul 2025

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.