TBO TEK IPO Details: The initial public offering (IPO) of TBO TEK has been scheduled, with the IPO set to commence on May 8th and conclude on May 10th. TBO TEK aims to raise approximately ₹[.] crores through the IPO, consisting of a fresh issue of ₹400 crores and an offer for sale of up to 15,635,996 equity shares priced at ₹[.] each. The allocation for retail investors stands at 10%, qualified institutional buyers (QIB) at 75%, and high-net-worth individuals (HNI) at 15%.
TBO TEK stands as a prominent figure in the global travel and tourism industry, renowned for its robust travel distribution platform. This platform caters to the diverse needs of buyers by providing them with a comprehensive travel inventory. Notably, TBO TEK offers support for various currencies and provides forex assistance, ensuring a seamless experience for its clientele (Source: 1Lattice Report).
The company streamlines travel-related processes for suppliers, encompassing hotels, airlines, car rentals, transfers, cruises, insurance, rail services, and more. Similarly, it facilitates transactions for retail buyers such as travel agencies and independent travel advisors, as well as enterprise buyers like tour operators, travel management companies, online travel companies, super-apps, and loyalty apps. Through its two-sided technology platform, TBO TEK enables suppliers and buyers to transact efficiently.
TBO TEK’s platform serves as a conduit for suppliers to showcase and market their inventory to a vast global buyer base, addressing the challenges posed by fragmentation within the industry. For buyers, the platform offers an integrated solution, supporting multiple currencies and languages, and serving as a comprehensive resource for travel booking across various segments including leisure, corporate, and religious travel.
At the helm of TBO TEK are its founders, Gaurav Bhatnagar and Ankush Nijhawan, whose visionary leadership has been pivotal to the company’s success. Supported by a seasoned leadership team with extensive industry expertise, the founders are committed to leveraging technology to empower the travel ecosystem, driving innovation and growth within the industry.
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 IPO Review (Apply or Not)
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TBO TEK IPO Date & Price Band Details:
| IPO Open: | 8-May-2024 |
| IPO Close: | 10-May-2024 |
| IPO Size: | Approx ₹[.] Crores |
| Fresh Issue: | Approx ₹400 Crores |
| Offer for Sale: | Approx ₹[,]. 12,508,797 Equity Shares |
| Face Value: | ₹1 Per Equity Share |
| IPO Price Band: | ₹[.] to ₹[.] Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 10% |
| QIB Quota: | 75% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
TBO TEK IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | – | ₹- |
| Retail Maximum | 13 | – | ₹- |
| S-HNI Minimum | 14 | – | ₹- |
| B-HNI Minimum | 68 | – | ₹- |
TBO TEK IPO Timeline:
The TBO TEK IPO is scheduled to open on May 8th and will conclude on May 10th. Following this, the IPO allotment process will be finalized by May 13th, with the IPO listing set for May 15th.
| Price Band Announcement: | May 7, 2024 |
| IPO Open Date: | May 8, 2024 |
| IPO Close Date: | May 10, 2024 |
| Basis of Allotment: | May 13, 2024 |
| Refunds: | May 14, 2024 |
| Credit to Demat Account: | May 14, 2024 |
| IPO Listing Date: | May 15, 2024 |
TBO TEK Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹176.54 | ₹176.81 | ₹34.14 |
| 2022 | ₹511.93 | ₹470.46 | ₹33.72 |
| 2023 | ₹1085.78 | ₹914.42 | ₹148.49 |
| Dec 2023 | ₹1039.57 | ₹858.74 | ₹154.18 |
TBO TEK IPO Valuation – FY2023
Check TBO TEK IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹14.21 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 44.04% |
| Net Asset Value (NAV): | ₹33.22 per Equity Share |
Peer Group
- Travel CTM
- Webjet Ltd
Company Promoters
- Ankush Nijhawan
- Gaurav Bhatnagar
- Manish Dhingra
- Arjun Nijhawan
- LAP Travel Private Limited
TBO TEK IPO Registrar
KFin Technologies Limited
Tel: +91 40 6716 2222
E-mail: tbo.ipo@kfintech.com
Website: www.kfintech.com
TBO TEK IPO Allotment Status Check
Check TBO TEK IPO allotment status on Linkintime website allotment URL. Click Here
TBO TEK IPO Lead Managers aka Merchant Bankers
- Axis Capital Limited
- Goldman Sachs (India) Securities Private Limited
- Jefferies India Private Limited
- JM Financial Limited
Company Address
TBO TEK Limited
E-78, South Extension Part I,
New Delhi – 110 049, India
Phone: +91 124 499 8999
Email: corporatesecretarial@tbo.com
Website: www.tbo.com
