TSC India IPO, July 23 -- The initial public offering (IPO) of TSC India opened for subscription on July 23 and will remain open until July 25. Through this SME IPO, the company plans to raise Rs.25.89 crore, with a price band set between Rs.68 and Rs.70 per share.

The TSC India IPO saw a muted response on its opening day, with an overall subscription of 0.29 times by 2 PM. The issue garnered bids for 7.26 lakh shares against the 24.62 lakh shares on offer. The retail investor portion was subscribed 0.50 times, while the non-institutional investor (NII) category saw a subscription of 0.22 times. As of the latest update, the qualified institutional buyer (QIB) segment had not received any bids.

The company's shares were trading at a zero...