IPO Details
RHP/DRHPIssue Date
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Investment/lot
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Price Range
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Lot Size
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IPO Size
N/A
Schedule of TSC India IPO
Start date
End date
Allotment of bids
Refund Initiation
Listing on exchange
About TSC India IPO
TSC India Limited IPO is an IPO of TBA. It consists of a fresh issue of up to 36,99,600 equity shares. The shares will be allotted on TBA. The credit of shares to the demat account will take place on TBA, and the initiation of refunds will take place on TBA.
Objective of TSC India IPO
- Working capital requirements of the company.
- General corporate purposes.
TSC India IPO Valuation
| Detail | Information |
|---|---|
Upper Price Band (₹) | TBA |
Existing Shares to be Sold | -- |
Fresh Issue | Up to 36,99,600 Equity Shares |
EPS (₹) For the year ended March 31, 2024 | 24.44 |
TSC India IPO Lot Size
| Investor Category | Shares Offered |
|---|---|
QIBs Share Offered | Not more than 50% |
Non-Institutional Investors (NIIs) | Not less than 15% |
Retail Individual Investors | Not less than 35% |
Industry Outlook
The global tourism industry, once a cornerstone of economic stability, is experiencing a robust resurgence. Prior to the pandemic, travel and tourism accounted for one in five new jobs and contributed 10.4% to global GDP, supporting 33.4 crores jobs worldwide. In FY 2018, tourism contributed 5.03% to India’s GDP, reflecting a period of steady growth driven by increased global interest and effective government initiatives. However, the onset of the COVID-19 pandemic led to a dramatic decline in tourism’s contribution to GDP, falling to 1.50% in FY 2021. By FY 2022, the sector began to show signs of recovery, with the contribution rising to 1.77% as restrictions eased and travel gradually resumed. Technological advancements are revolutionising the airline industry’s ticketing solutions, driving significant changes in how airlines engage with passengers and manage operations. Innovations such as Android-based in-seat platforms, wireless internet, and in-flight e-commerce are enhancing passenger engagement and opening new revenue streams. Additionally, technologies like New Distribution Capability (NDC) and ONE Order are transforming airline distribution by streamlining transactions through APIs, while digital twins and AI are improving predictive analytics and air traffic management.
Company Information
TSC India Limited (TSC) is a travel management company that specialises in providing comprehensive air ticketing services tailored to the requirements of its clients. It focuses on serving the B2B and corporate sectors. TSC works in close collaboration with airlines and travel agents to deliver cost-effective and streamlined travel solutions to end-user customers. TSC’s operations encompass partnerships with a range of travel service providers, enabling it to manage various aspects of travel planning, including booking air tickets and organising corporate travel itineraries. The company operates in multiple cities across India, including Jalandhar, Chandigarh, Lucknow, Ahmedabad, Jaipur, New Delhi, and Pune, reflecting its growing geographical presence.
TSC India IPO Strengths
End-to-end booking support.
Instant booking and confirmation.
Extensive travel inventory.
Risks of TSC India IPO
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Their business is significantly dependent on the global travel and tourism industry, and adverse developments in this industry could materially affect their operations, financial performance, and growth prospects.
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They rely on third-party web hosting providers, and any disruption, technical issues, or failures on their part could adversely affect their platform's performance, user experience, and business operations.
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They are subject to risks associated with expansion into new geographic regions, which could adversely affect their business, results of operations, and financial condition.
All Financial Information about TSC India
Anchor Investor Information
The Anchor Investor Bidding Date shall be one Working Day prior to the Bid/Issue Opening Date.
IPO Registrar and Book Running Lead Managers
Book running lead managers:
Expert Global Consultants Private Limited
Registrar for the IPO is Bigshare Services Private Limited
Business Model
The company earns its revenue through partnerships with a range of travel service providers, which enable them to manage various aspects of travel planning, including booking air tickets and organising corporate travel itineraries.
Company Growth Trajectory
During the three-month period that ended 30 June 2024, the net revenue from the operations of their company was ₹5.99 crores. During the same period, the other income of their company stood at ₹0.14 crores. Their restated profit after tax for the three-month period that ended 30 June 2024 was ₹1.35 crores.
Company Market Position
TSC India Limited (TSC) is a well-established travel management company with over 20 years of experience, specialising in B2B air ticketing services. Supported by a skilled team of more than 75 professionals, TSC has facilitated the sale of approximately 200,000 tickets over the past three years, catering primarily to retailers, tour operators, and corporate clients. The company operates from seven locations across India and has achieved a consistent 100% booking accuracy. TSC handles an average booking volume of over 420 per day, 3,000 per week, and 12,000 per month, reflecting its operational efficiency. As of 30 June 2024, the company has successfully registered over 2,100 customers on its platform, further underscoring its strong presence in the B2B travel market.
TSC India IPO Company Profit & Loss
| Parameter | FY22 | FY23 | FY24 |
|---|---|---|---|
Revenue from operations (₹ crores) | 4.511 | 9.302 | 19.351 |
Profit Before Tax (₹ crores) | 0.518 | 1.694 | 6.205 |
Net profit/(loss) (₹ crores) | 0.289 | 1.187 | 4.693 |
EBITDA (₹ crores) | 2.773 | 2.816 | 8.188 |
EPS (₹) | 1.50 | 6.18 | 24.44 |
TSC India IPO Cash Flow
| Parameter | FY22 | FY23 | FY24 |
|---|---|---|---|
Profit before tax (₹crores) | 0.518 | 1.694 | 6.205 |
Net Cash from Operating Activities (₹ crores) | 3.668 | (5.644) | 1.753 |
Net Cash from Investing Activities (₹ crores) | (4.740) | (2.319) | (0.011) |
Net Cash from Financing Activities (₹ crores) | (3.316) | 7.790 | 3.643 |
Cash and Cash Equivalents (₹ crores) | 0.484 | 0.311 | 5.696 |
How To Check Allotment Status of TSC India Limited IPO?
You can check the allotment status of shares either on the website of the National Stock Exchange (NSE) or on the website of the registrar Bigshare Services Private Limited.
To check the status on the NSE website:
- Visit the NSE website
- Click on “Investor Services” and choose “Application Status Check”
- Choose the issue type — Equity or Debt (Equity in this case)
- Select the Issue Name from the drop-down. The issue name is the company’s name, which is TSC India Limited
- Enter your application number or PAN number
- Check the box which says “I’m not a Robot” and click on “Search” to know the allotment status
Follow these steps to know the allotment status on the registrar’s website:
- Visit the Bigshare Services Private Limited website
- Choose “Public Issues” from the “Investor Services” drop-down
- Select TSC India Limited from the drop-down
- Enter your PAN number or Application number
- Click on “Submit” to know the allotment status
How to Apply for Dr Agarwal’s Health Care Ltd IPO?
To apply for this IPO:
- Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section
- Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for
- Step 3: Enter UPI ID: After entering your UPI ID, click submit. This will place your bid with the exchange
- Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds
- Step 5: Approve Request: Your funds will be blocked once you approve the mandate request on your UPI
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
TSC India IPO FAQs
Where can I read more about TSC India business?
You can read more about TSC India and its IPO from the company’s red herring prospectus (RHP) here.
What is the TSC India IPO?
The TSC India Limited IPO has an issue size of TBA. The IPO opens for subscription on TBA and closes on TBA.
Who is the Registrar for TSC India Limited IPO?
Bigshare Services Private Limited is the registrar for this IPO.
Where can I read more about TSC India Limited business?
You may read more about TSC India Limited and its IPO from the company’s draft red herring prospectus (DRHP) here.
