TSC India IPO allotment

The initial public offering (IPO) of TSC India, a travel management company, closed for subscription last week, bringing investor focus on its allotment status. TSC India IPO ran for subscription from July 23 to July 25. It garnered stellar subscription numbers with the grey market premium (GMP) firming up in last few days. TSC India IPO subscription status stood at 73.21 times as of the third day of the bidding process on Friday. The retail portion was subscribed 66.47 times, the NII portion 133.17 times and the QIB quota 40.03 times.