TBO Tek IPO Review

 
TBO Tek IPO Review

IPO Open Date: May 8, 2024

IPO Close Date: May 10, 2024

IPO Price: ₹875 to ₹920 per share

Lot Size: 16 Shares

Listing: May 15, 2024

TBO Tek is scheduled to hit the market on May 08, 2024 and close on May 10, 2024. TBO Tek plans to raise around ₹1,550.81 Cr through an IPO with a sale of up to 16,856,623 equity shares of ₹1 each. The Retail offered 10%, QIB Shares Offered 75%, HNI Shares Offered 15%.

TBO Tek Limited, previously known as Tek Travels Private Limited and established in 2006, operates as a travel distribution platform catering to a diverse range of clients. The company facilitates the travel business for suppliers including hotels, airlines, car rentals, and more, as well as for retail and corporate customers. Through its two-sided technology platform, TBO Tek Limited connects suppliers and customers seamlessly, allowing sellers to showcase their inventory and set prices while offering buyers an integrated, multi-currency, and multi-lingual solution for booking travel across various segments like leisure, business, and religious travel.

With a global reach, the company has sold travel inventory in over 7,500 destinations spanning more than 100 countries by the end of December 31, 2023. Employing a workforce of over 2,000 individuals, TBO Tek Limited continues to streamline the travel booking process for a wide array of clients, ranging from travel agencies and tour operators to online travel companies and loyalty apps.

TBO Tek



TBO Tek IPO Details

TBO Tek IPO opens on May 08, 2024, and closes on May 10, 2024. The Listing date for TBO Tek IPO is on May 15, 2024. The price band for IPO is ₹875 to ₹920 per share and lot size of 16 Shares.

IPO DateMay 08, 2024 to May 10, 2024
Listing DateMay 15, 2024
Price₹875 to ₹920 per share
Lot Size16 Shares
Issue Size₹1,550.81 Cr
Face Value₹1 per share

TBO Tek IPO Tentative Timetable

TBO Tek opening date is May 08, 2024 and close date is May 10, 2024. The IPO allotment date is May 13, 2024. The refund initiation of IPO is on May 14, 2024. The credit of shares in demat account is on May 14, 2024. The listing date is on May 15, 2024.

EventDate
IPO OpeningMay 08, 2024
IPO ClosingMay 10, 2024
IPO Allotment DateMay 13, 2024
Refund InitiationMay 14, 2024
Shares Credit to DematMay 14, 2024
Lisiting DateMay 15, 2024

TBO Tek IPO Lot Size

Lot Size of this IPO is 16 shares. A retail-individual investor can apply for up to 13 lots (208 shares or ₹191,360).

CategoryLotsSharesAmount
Retail(Minimum)116₹14,720
Retail(Maximum)13208₹191,360
S-HNI (Minimum)14224₹206,080
B-HNI (Minimum)681,088₹1,000,960

TBO Tek IPO Promoter Holding

Pre Issue Share Holding51.26%
Post Issue Share Holding

TBO Tek IPO Review

TBO Tek Ltd. (TTL), a prominent player in the travel distribution platform, is set to launch its IPO worth Rs. 1550.81 crore. The IPO comprises fresh equity shares and an offer for sale, with a price band of Rs. 875 – Rs. 920 per equity share. The company plans to utilize the funds for technological investments, marketing activities, and overall growth. TTL's strong presence in over 100 countries and its rebound post-Pandemic setback make it an attractive investment opportunity for both retail and institutional investors.

TTL's financial performance showcases a positive trajectory, with consistent growth in total income and net profit over the last few fiscal years. The company's focus on leveraging technology to simplify travel bookings has led to a significant increase in daily bookings. With a promising outlook for the global travel industry, TTL is well-positioned to capitalize on future growth opportunities. The IPO's pricing, although appearing fully priced based on FY24 earnings, presents a compelling investment proposition considering the company's potential for sustained growth.

Investors looking for exposure to the travel and tourism industry can consider TBO Tek Ltd.'s IPO as a viable investment option. Despite the fully priced nature of the offering, TTL's strong market presence, growth potential, and prudent investment plans make it a favorable choice for medium to long-term rewards. With a diversified revenue model and a track record of technological innovation, TTL emerges as a promising player in the evolving landscape of the global travel sector.

TBO Tek IPO Subscription Status (Bidding Details)

Table not found

TBO Tek IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

TBO Tek IPO FAQs

What is TBO Tek IPO?

TBO Tek is issuing 16,856,623 equity shares with a face value of 1 each, totaling up to ₹1,550.81 Cr. The shares are being offered at a price of ₹875 to ₹920 each, with a minimum order quantity of 16 shares.

Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When TBO Tek IPO will open?

TBO Tek will open on May 09, 2024 for QIB, NII, and Retail Investors.

When TBO Tek IPO will end?

TBO Tek will end on May 10, 2024.

What is TBO Tek IPO Size?

TBO Tek IPO size is 1,550.81 Cr.

What is TBO Tek IPO Price Band?

TBO Tek price band is ₹875 to ₹920 per share.

What is the TBO Tek IPO Allotment Date?

TBO Tek allotment date is May 13, 2024.

What is the TBO Tek IPO Listing Date?

TBO Tek listing date is May 15, 2024. The IPO is to be listed on BSE and NSE.

How to TBO Tek IPO through Zerodha?

To apply for the IPO “TBO Tek” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply TBO Tek IPO through Upstox?

To apply for the IPO “TBO Tek” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check TBO Tek IPO Allotment Status?

For TBO Tek IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is TBO Tek IPO GMP?

You can check out here: TBO Tek IPO GMP

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About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

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