TBO Tek IPO Price: ₹875 to ₹920
IPO Date Range: 8 May, 2024 - 10 May, 2024
Established in 2006 as Tek Travels Private Limited, TBO Tek Limited has emerged as a prominent player in the travel distribution sector. Initially founded in India, the company has evolved into a global platform, connecting various suppliers with buyers across the travel and tourism industry. With a strong emphasis on technology, TBO Tek provides a comprehensive solution that simplifies travel business operations for both suppliers and buyers.
TBO Tek Limited operates a sophisticated two-sided technology platform that seamlessly bridges the gap between suppliers and buyers. This platform enables suppliers, including hotels, airlines, and car rentals, to effectively showcase their inventory, implement pricing strategies, and reach a broad global audience.
Simultaneously, buyers, such as travel agencies and online travel companies, benefit from a unified, multi-currency, and multi-lingual solution. The platform serves as a centralized hub for exploring and booking travel across various segments, enhancing accessibility and streamlining transactions on a global scale.
As of December 31, 2023, TBO Tek Limited had facilitated travel inventory sales to over 7,500 destinations in more than 100 countries, showcasing its extensive global reach. With a workforce exceeding 2,000 employees, the company remains committed to driving innovation and excellence in the travel distribution landscape. By offering comprehensive travel solutions and supporting diverse currencies, TBO Tek continues to play a pivotal role in advancing the efficiency and accessibility of travel services worldwide.
| IPO Date | May 8, 2024 to May 10, 2024 |
| Listing Date | Wednesday, May 15, 2024 |
| Face Value | ₹1 per share |
| Price Band | ₹875to ₹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 ₹1,150.81 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 104,239,961 |
| Share holding post issue | 108,587,787 |
Bidders can bid for a minimum of 16 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 16 | ₹14,720 |
| Retail (Max) | 13 | 208 | ₹191,360 |
| S-HNI (Min) | 14 | 224 | ₹206,080 |
| S-HNI (Max) | 67 | 1,072 | ₹986,240 |
| B-HNI (Min) | 68 | 1,088 | ₹1,000,960 |
| QIB Shares Offered | Not more than 75% of the Net offer |
| Retail Shares Offered | Not less than 10% of the Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Offer |
| 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 |
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Between the fiscal years ending on March 31, 2023, and March 31, 2022, TBO Tek Limited experienced a significant surge in revenue, marking a remarkable increase of 112.09%. Correspondingly, the profit after tax (PAT) also witnessed a substantial rise, soaring by 340.4%.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 31 Dec 2023 |
|---|---|---|---|---|
| Assets | 576.16 | 1271.43 | 2557.93 | 3754.05 |
| Revenue | 176.55 | 511.93 | 1085.77 | 1039.56 |
| Profit After Tax | -34.14 | 33.72 | 148.49 | 154.18 |
| Net Worth | 204.07 | 231.90 | 337.19 | 501.21 |
| Reserves & Surplus | 197.58 | 214.08 | 317.57 | 478.43 |
| Total Borrowing | 2.69 | 6.36 | 2.93.43 |
| KPI | Values |
|---|---|
| Market Cap (Rs Cr) | Rs 9990.08 Cr. |
| P/E (x) | 64.58 |
| EPS | 14.25 |
| RoNW | 30.76% |
The company plans to allocate the net proceeds from the issue to fund the following objectives:
Prospectus: Official documents that provide detailed information about the IPO and the company.
An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
The price range for the"TBO Tek Limited" IPO is ₹875 to ₹920 per share.
The "TBO Tek Limited" IPO is expected to be listed on Wednesday, 15 May 2024.
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