TBO Tek Limited IPO Detail
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.
Company Promoters
Ankush Nijhawan, Gaurav Bhatnagar, Manish Dhingra, and Arjun NijhawanIPO Details
| IPO Opening Date | May 08, 2024 |
| IPO Closing Date | May 10, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹1 per equity share |
| IPO Price | ₹875 - 920 per equity share |
| Market Lot | 16 Shares |
| Min Order Quantity | 16 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹1,550.81 Cr |
| Fresh Issue | ₹400.00 Cr |
| Offer for Sale | ₹1,150.81 Cr |
| Retail Portion | 10% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.01x | 2.42x | 1.95x | 2.11x | 3.38x | 1.20x |
| Day 2 | 0.17x | 8.80x | 7.91x | 8.21x | 10.14x | 4.18x |
| Day 3 | 125.51x | 40.15x | 55.82x | 50.60x | 25.72x | 86.69x |
IPO Tentative Timetable
The TBO Tek Limited IPO open date is May 08, 2024, and the close date is May 10, 2024. The issue may list on May 15, 2024.
| IPO Open Date | May 08, 2024 |
| IPO Close Date | May 10, 2024 |
| Basis of Allotment Date | May 13, 2024 |
| Initiation of Refunds | May 14, 2024 |
| Credit of Shares to Demat Account | May 14, 2024 |
| IPO Listing Date | May 15, 2024 |
IPO Lot Size
The TBO Tek Limited IPO market lot size is 16 shares. A retail-individual investor can apply for up to 13 lots (208 shares or ₹191360).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 16 | ₹14720 |
| Maximum | 13 | 208 | ₹191360 |
IPO Promoter Holding
| Pre Issue Share Holding | 51.26% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Cr.)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 576.16 | 176.55 | -34.14 |
| 31-Mar-22 | 1271.43 | 511.93 | 33.72 |
| 31-Dec-23 | 2557.93 | 1085.77 | 148.49 |
| 31-Dec-23 | 3754.05 | 1039.56 | 154.18 |
Objects of the Issue:
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 IPO Registrar:
KFin Technologies Limited
TBO Tek Limited IPO Lead Manager(s):
Axis Capital Limited Jefferies India Private Limited Goldman Sachs (India) Securities Private Limited Jm Financial Limited
Company Contact Information:
TBO Tek Limited
E - 78,
South Extension Part I,
New Delhi – 110 049
