{"id":6878,"date":"2024-05-06T13:13:22","date_gmt":"2024-05-06T07:43:22","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=6878"},"modified":"2024-05-06T13:13:27","modified_gmt":"2024-05-06T07:43:27","slug":"tbo-tek-ipo-details","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/tbo-tek-ipo-details\/","title":{"rendered":"TBO Tek IPO Details - Complete Overview of TBO Tek Limited IPO"},"content":{"rendered":"\n

TBO Tek<\/strong><\/strong> IPO Price: <\/strong>\u20b9875 to \u20b9920
IPO Date Range:<\/strong> 8 May, 2024 - 10 May, 2024<\/p>\n\n\n\n

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\"TBO<\/figure>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n
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Foundation & Business Essence<\/h2>\n\n\n\n

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.<\/p>\n<\/div>\n<\/div>\n\n\n\n

Technology Platform<\/h2>\n\n\n\n

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. <\/p>\n\n\n\n

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.<\/p>\n\n\n\n

Global Reach<\/h2>\n\n\n\n

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.<\/p>\n\n\n\n

Bidding Starts In<\/h2>\n\n\n\n
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DAYS<\/div><\/div>
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HOURS<\/div><\/div>
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MINUTES<\/div><\/div>
-<\/div>
SECONDS<\/div><\/div><\/div>\n<\/div><\/div>\n\n\n\n
APPLY NOW<\/span><\/path><\/svg>

Dream Big, Start with an IPO. Choose Lakshmishree.<\/p><\/a><\/div>\n\n\n\n

TBO Tek IPO Specifics:<\/h2>\n\n\n\n
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IPO Date<\/td>May 8, 2024 to May 10, 2024<\/td><\/tr>
Listing Date<\/td>Wednesday, May 15, 2024<\/td><\/tr>
Face Value<\/td>\u20b91 per share<\/td><\/tr>
Price Band<\/td>\u20b9875to \u20b9920 per share<\/td><\/tr>
Lot Size<\/td>16 Shares<\/td><\/tr>
Total Issue Size<\/td>16,856,623 shares
(aggregating up to \u20b91,550.81 Cr)<\/td><\/tr>
Fresh Issue<\/td>4,347,826 shares
(aggregating up to \u20b9400.00 Cr)<\/td><\/tr>
Offer For Sale<\/td>12,508,797 shares of \u20b91
(aggregating up to \u20b91,150.81 Cr)<\/td><\/tr>
Issue Type<\/td>Book Built Issue IPO<\/td><\/tr>
Listing At<\/td>BSE, NSE<\/td><\/tr>
Share holding pre issue<\/td>104,239,961<\/td><\/tr>
Share holding post issue<\/td>108,587,787<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n

TBO Tek IPO Lot Size<\/h2>\n\n\n\n

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.<\/p>\n\n\n\n

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Application<\/th>Lots<\/th>Shares<\/th>Amount<\/th><\/tr><\/thead>
Retail (Min)<\/td>1<\/td>16<\/td>\u20b914,720<\/td><\/tr>
Retail (Max)<\/td>13<\/td>208<\/td>\u20b9191,360<\/td><\/tr>
S-HNI (Min)<\/td>14<\/td>224<\/td>\u20b9206,080<\/td><\/tr>
S-HNI (Max)<\/td>67<\/td>1,072<\/td>\u20b9986,240<\/td><\/tr>
B-HNI (Min)<\/td>68<\/td>1,088<\/td>\u20b91,000,960<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n

TBO Tek IPO Reservation<\/h2>\n\n\n\n
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QIB Shares Offered<\/td>Not more than 75% of the Net offer<\/td><\/tr>
Retail Shares Offered<\/td>Not less than 10% of the Offer<\/td><\/tr>
NII (HNI) Shares Offered<\/td>Not less than 15% of the Offer<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n

TBO Tek IPO Timetable (Important Dates)<\/h2>\n\n\n\n
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IPO Open Date<\/td>Wednesday, May 8, 2024<\/td><\/tr>
IPO Close Date<\/td>Friday, May 10, 2024<\/td><\/tr>
Basis of Allotment<\/td>Monday, May 13, 2024<\/td><\/tr>
Initiation of Refunds<\/td>Tuesday, May 14, 2024<\/td><\/tr>
Credit of Shares to Demat<\/td>Tuesday, May 14, 2024<\/td><\/tr>
Listing Date<\/td>Wednesday, May 15, 2024<\/td><\/tr>
Cut-off time for UPI mandate confirmation<\/td>5 PM on May 10, 2024<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n

Don't Miss Out!<\/h2>
<\/div>

Whether you're a seasoned investor or just starting out, Lakshmishree ensures you don't miss out on premier IPO opportunities. Dive into the future of investing with Lakshmishree.<\/p><\/div>\n\n\n\n

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APPLY NOW<\/a><\/div>\n<\/div>\n\n\n\n

TBO Tek Limited IPO Financial Information<\/h2>\n\n\n\n

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%.<\/p>\n\n\n\n

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Period Ended<\/th>31 Mar 2021<\/th>31 Mar 2022<\/th>31 Mar 2023<\/th>31 Dec 2023<\/th><\/tr><\/thead>
Assets<\/td>576.16<\/td>1271.43<\/td>2557.93<\/td>3754.05<\/td><\/tr>
Revenue<\/td>176.55<\/td>511.93<\/td>1085.77<\/td>1039.56<\/td><\/tr>
Profit After Tax<\/td>-34.14<\/td>33.72<\/td>148.49<\/td>154.18<\/td><\/tr>
Net Worth<\/td>204.07<\/td>231.90<\/td>337.19<\/td>501.21<\/td><\/tr>
Reserves & Surplus<\/td>197.58<\/td>214.08<\/td>317.57<\/td>478.43<\/td><\/tr>
Total Borrowing<\/td><\/td>2.69<\/td>6.36<\/td>2.93.43<\/td><\/tr><\/tbody><\/table>
Amount in \u20b9 Crore<\/small><\/figcaption><\/figure>\n<\/div>\n\n\n\n

Key Performance Indicator - TBO Tek IPO<\/h2>\n\n\n\n
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KPI<\/th>Values<\/th><\/tr><\/thead>
Market Cap (Rs Cr)<\/td>Rs 9990.08 Cr.<\/td><\/tr>
P\/E (x)<\/td>64.58<\/td><\/tr>
EPS<\/td>14.25<\/td><\/tr>
RoNW<\/td>30.76%<\/td><\/tr><\/tbody><\/table><\/figure>\n<\/div>\n\n\n\n

Objects of the Issue:<\/strong><\/h2>\n\n\n\n

The company plans to allocate the net proceeds from the issue to fund the following objectives:<\/p>\n\n\n\n