The Rs 25.89-crore IPO, which was entirely a fresh issue, received an overwhelming response from investors during its three-day bidding window from July 23 to July 25.
The public issue was subscribed 73.21 times overall, with high interest from non-institutional investors (133.17x) and retail investors (66.47x). QIBs came in relatively conservatively with a 40.03x subscription.
TSC India specializes in comprehensive air ticketing services focused on B2B and corporate clients. With operations in key cities such as Delhi, Pune, Jaipur, and Chandigarh, the company has built a strong presence among tour operators, travel agents, and corporate clients.
As of June 2024, it had over 2,100 registered customers and handled over 12,000 bookings monthly, highlighting its operational depth in a competitive market.
The company offers real-time travel updates, GDS-integrated pricing, round-the-clock support, and one-stop travel services across flights, hotels, and rentals. It has also deployed in-house automated accounting and reporting tools, adding a tech-enabled edge to its travel solutions.Financially, TSC India has seen consistent growth. Its revenue jumped 28% to Rs 26.32 crore in FY25, while net profit rose slightly to Rs 4.93 crore.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
