TBO Tek IPO is a book built issue. The issue comprises of fresh issue of Rs 400.00 crore and offer for sale of 1.25 crore shares.
TBO Tek IPO opens for subscription on May 8, 2024 and closes on May 10, 2024. The allotment for the TBO Tek IPO is expected to be finalized on Monday, May 13, 2024. TBO Tek IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, May 15, 2024.
TBO Tek IPO price bands are yet to be announced.
TBO Tek IPO Details
| IPO Date | May 8, 2024 to May 10, 2024 |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Price | ₹875 to ₹920 per share |
| Lot Size |
16 shares |
| Total Issue Size | 16,856,623 shares (aggregating up to ₹1,550.81 Cr) |
| Fresh Issue | 4,347,826 shares (aggregating up to ₹400.00 Cr) |
| Offer for Sale | 12,508,797 shares of ₹1 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 104,239,961 |
TBO Tek IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not less than 75.00% of the Net offer |
| Retail Shares Offered | Not more than 10.00% of the Offer |
| NII (HNI) Shares Offered | Not more than 15.00% of the Offer |
TBO Tek IPO Timeline (Tentative Schedule)
TBO Tek IPO opens on May 8, 2024, and closes on May 10, 2024.
| IPO Open Date | Wednesday, May 8, 2024 |
| IPO Close Date | Friday, May 10, 2024 |
| Basis of Allotment | Monday, May 13, 2024 |
| Initiation of Refunds | Tuesday, May 14, 2024 |
| Credit of Shares to Demat | Tuesday, May 14, 2024 |
| Listing Date | Wednesday, May 15, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 10, 2024 |
TBO Tek IPO Promoter Holding
Ankush Nijhawan, Gaurav Bhatnagar, Manish Dhingra, and Arjun Nijhawan are the company’s promoters.
| Share Holding Pre Issue | 51.26% |
| Share Holding Post Issue |
About TBO Tek Limited
Established in 2006, TBO Tek Limited, formerly known as Tek Travels Private Limited, is a travel distribution platform that offers travel inventory according to the needs of its customers and supports a wide range of currencies along with forex help.
The company simplifies the travel business for suppliers such as hotels, airlines, car rentals, transfers, cruises, insurance, rail companies, and others, as well as for retail customers such as travel agencies and independent travel consultants, and corporate customers such as tour operators, travel management companies, online travel companies, super apps and loyalty apps through our two-sided technology platform that enables suppliers and customers to connect seamlessly.
The company’s platform enables sellers to show and market their inventory and set prices for buyers. For buyers, the platform is an integrated, multi-currency, and multi-lingual, one-stop solution that helps them discover and book travel to destinations around the world, across various travel segments such as leisure, business and religious travel.
As at December 31, 2023, the company had sold over 7,500 destinations in more than 100 countries and employed over 2,000 people.
TBO Tek Limited Financial Information (Restated Consolidated)
TBO Tek Limited’s revenue increased by 112.09% and profit after tax (PAT) rose by 340.4% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 3,754.05 | 2,557.93 | 1,271.43 | 576.16 |
| Revenue | 1,039.56 | 1,085.77 | 511.93 | 176.55 |
| Profit After Tax | 154.18 | 148.49 | 33.72 | -34.14 |
| Net Worth | 501.21 | 337.19 | 231.90 | 204.07 |
| Reserves and Surplus | 478.43 | 317.57 | 214.08 | 197.58 |
| Total Borrowing | 2.93 | 6.36 | 2.69 | |
| Amount in ₹ Crore | ||||
Key Performance Indicator
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| RoNW | 30.76 |
Check TBO Tek IPO Peer Comparison here.
Objects of the Issue (TBO Tek IPO Objectives)
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Expansion of the Supplier and Buyer base;
- Amplification of value of our platform by adding new lines of businesses;
- Inorganic growth through selective acquisitions and building synergies with our existing platform; and
- Leveraging data procured to offer bespoke travel solutions to our Buyers and Suppliers.
TBO Tek Limited Contact Details
TBO Tek Limited
E – 78,
South Extension Part I,
New Delhi – 110 049
Phone: +91 124 499 8999
Email: corporatesecretarial@tbo.com
Website: http://www.tbo.com/
TBO Tek IPO Registrar
Phone: 04067162222, 04079611000
Email: tbo.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/