TSC India Limited IPO

Apply 0
Avoid 0

Closing in

Days
Hours
Mins
Secs

Don't Miss It! Mark Your Calender Now:


TSC India Limited is a prominent travel management company that specializes in providing air ticketing services. Established as “TSC Travel Services Private Limited” in 2003, it has evolved into a public limited company, expanding its offerings and market presence over the years. The company is dedicated to serving B2B and corporate sectors, working closely with airlines and travel agents to deliver cost-effective travel solutions.

Business Focus and Services

TSC India Limited offers a comprehensive range of travel management services, including:

a) Air Ticketing Services: Focused on both domestic and international flights, providing clients with competitive fares and flexible booking options.

b) B2B Travel Solutions: Streamlined booking management, analytical reporting systems, cost-effective solutions, and 24/7 emergency support tailored to business clients.

c) Consulting and Negotiation Expertise: Helping clients navigate complex travel requirements and secure favorable terms.

Geographical Presence

TSC operates across key locations in India, including Jalandhar, Chandigarh, Lucknow, Ahmedabad, Jaipur, New Delhi, and Pune, demonstrating its wide operational reach and strong client base. The company plans to expand its presence, continue enhancing its service offerings, and further strengthen its technological capabilities to maintain its competitive edge in the travel management industry.

Revenue Model

TSC generates revenue from various streams:

a) Commission from Airlines Contracts: A percentage-based commission from air travel bookings.

b) Productivity Linked Bonus/Incentives: Bonuses from airlines based on booking volumes.

c) Rebates from Credit Card Payments and GDS Fees: Additional income from transaction volumes.

d) Other Services: Revenue from service charges, global distribution system fees, and value-added services like hotel bookings and travel insurance.

Strengths and Competitive Edge

i) Streamlined Accounting and Real-Time Information: Automated accounting solutions and real-time updates on travel services.

ii) End-to-End Booking Support: Comprehensive assistance from initial inquiries to final confirmations.

iii) Guaranteed Booking Confirmation: Ensures prompt and reliable reservations, enhancing customer satisfaction.

iv) Global Distribution System (GDS) Partnership: Integration with GDS for a broad range of travel services and competitive rates.

Objects of the TSC India Limited IPO:

Company proposes to utilize the funds being raised towards the following objects: a) Working Capital Requirements of the Company (₹22 cr) b) General Corporate Purposes
DRHP of TSC India Limited IPO
RHP of TSC India Limited IPO

TSC India Limited IPO Details:

Open Date: Jul 23 2025
Close Date: Jul 25 2025
Total Shares: 36,98,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Building
Issue Size: 25.89 Cr.
Lot Size: 2000 Shares
Issue Price: ₹ 68 -70 Per Equity Share
Listing At: NSE Emerge

Promoters And Management:

1. Mr. Ashish Kumar Mittal, aged 50 years, holds a Bachelor of Commerce degree from Indore and began his professional journey in the travel industry in 1996. He joined the company in 2015 and has since played a crucial role in its growth and success, currently serving as the Managing Director. With 28 years of experience as a versatile entrepreneur, he has exposure in various fields including entertainment, logistics, cargo services, travel agency, IT, and finance. 2. Mr. Vinay Gupta, aged 47 years, is the Executive Director and Chief Financial Officer (CFO) of the company. He is a Commerce graduate from Guru Nanak Dev University, Jalandhar. With 27 years of experience in the travel agency, accounts, and financial management sectors, he previously worked as the Accounts Head at Dex Air Private Limited. His expertise includes account management, financial management, service management, and business development. 3. Mrs. Puja Mittal, aged 47 years, holds a Bachelor of Arts degree from Punjab University. She was appointed as a Director in 2015 and currently serves as the Chairperson of the company. With 8 years of experience in the travel agency and finance sectors, she also holds directorship in TSC Finserv Private Limited.

Financials of TSC India Limited IPO:

Particulars FY 2024-25 FY 2023-2024 FY 2022-2023
Revenue from Operations 25.78 19.36 9.39
EBITDA 8.75 8.18 2.81
EBITDA Margins 33.96% 42.28% 29.98%
PAT 4.92 4.71 1.22
PAT Margins 19.11% 24.37% 13.00%
ROCE 19.49% 27.73% 12.67%
Debt to Equity Ratio(In Times) 1.33 1.64 2.16
Operating Cash Flows -13.46 -0.19 -1.15

Comparison With Peers:

According to its RHP, The Company has no comparable listed peers engaged in similar business.

Lead Manager of TSC India Limited IPO:

  1. Expert Global Consultants Private Limited

Registrar of TSC India Limited IPO:

  1. Bigshare Services Private Limited

Discussion on TSC India Limited IPO:

Leave a Reply