TSC India Limited IPO Review
Neutral68-68 · SME
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Analyst Verdict
TSC India Limited IPO
Neutral
IPO at a Glance
Price Band
68-68
Issue Size
26cr
Opens
2025-07-21
Closes
2025-07-23
Listing
2025-07-28
Category
SME
Key Strengths
✓Comprehensive suite of travel management solutions, enhancing operational efficiency
✓Leveraging Global Distribution Systems (GDS) partnerships to offer a broad range of travel services
✓Processes 420+ daily bookings and serves 2,100+ customers, demonstrating strong B2B market presence
✓Experienced Promoters having deep domain knowledge
✓20+ years of experience in B2B travel management with a focus on air ticketing
Key Risks
⚠The company earned 87 percent of total gross transaction values (GTV) from Jalandhar alone
⚠Client concentration with Top 5 contributing over 50% of revenue in FY24
⚠Dependence on third-party web hosting providers
⚠Highly competitive industry combined with regulatory challenges
⚠Contingent liabilities, if materialized may impact financials
Frequently Asked Questions
Should I apply for TSC India Limited IPO?
Based on our analysis, our rating for TSC India Limited IPO is: Neutral. Review the full analysis including strengths, risks, and financials on CheckIPO before making a decision.
What are the key risks of TSC India Limited IPO?
The company earned 87 percent of total gross transaction values (GTV) from Jalandhar alone Client concentration with Top 5 contributing over 50% of revenue in FY24 Dependence on third-party web hosting providers
What are the strengths of TSC India Limited IPO?
Comprehensive suite of travel management solutions, enhancing operational efficiency Leveraging Global Distribution Systems (GDS) partnerships to offer a broad range of travel services Processes 420+ daily bookings and serves 2,100+ customers, demonstrating strong B2B market presence
What is the price band of TSC India Limited IPO?
The price band for TSC India Limited IPO is 68-68. The IPO has closed.
Full Analysis Available
Financials, DRHP breakdown, peer comparison, shareholding pattern & more