New Delhi, July 30 : TSC India, a company offering air ticketing services, made a disappointing debut on the stock market today, leaving its IPO investors in loss during early trading hours. The company had issued its shares at ₹70 per share under the IPO.
On its first day of listing on NSE’s SME platform, TSC India shares opened at ₹68, marking a 2.85% discount from the issue price. However, with buying interest picking up after the listing, the share price showed some recovery. By 11 a.m., the stock was trading at ₹69.75. Despite the slight rebound, IPO investors were still facing a loss of 0.36% based on the trading price at that time.
Strong Subscription Despite Modest Listing
TSC India’s ₹25.89 crore IPO was open for subscription from July 23 to 25 and received strong investor response. The issue was oversubscribed by 73.21 times overall. The portion reserved for Qualified Institutional Buyers (QIBs) was subscribed 40.03 times, while the Non-Institutional Investors (NII) category saw a 133.17 times subscription. The retail investor portion was also oversubscribed by 66.47 times.
Under the IPO, the company issued 36.98 lakh new equity shares with a face value of ₹10 each. The funds raised through the IPO will be used to meet working capital requirements and for general corporate purposes.
Company’s Financial Performance
As per the prospectus, TSC India’s financial position has shown consistent improvement. In FY 2022-23, the company reported a net profit of ₹1.22 crore, which increased to ₹4.72 crore in FY 2023-24 and further rose to ₹4.93 crore in FY 2024-25. During the same period, the company’s revenue grew at a compound annual growth rate (CAGR) of over 63%, reaching ₹26.32 crore.
My name is Ganpat Singh Choughan. I am an experienced content writer with 7 years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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