TBO Tek IPO will open for subscription from 08 May 2024. The company aims for an issue size of ₹1,550.81 Cr through this IPO.

Company Overview

Full nameTBO Tek Limited
IndustryTravel Services
Company Websitehttps://www.tbo.com/

About Company

TBO Tek is a major global travel distribution platform that connects more than 159,000 buyers in over 100 countries with over one million suppliers as of 31 December 2023. The platform consists of two portals: TBO Holidays, which serves as a global travel distribution platform, and Travel Boutique Online, which caters specifically to travel buyers in India.

The company streamlines the travel business for suppliers like hotels, airlines, car rentals, transfers, cruises, insurance, rail, and others, as well as retail buyers such as travel agencies and independent travel advisors. As of 31 December 2023, TBO Tek employs 449 sales team members across 43 countries. This team plays a crucial role in driving the company’s business growth. As of 31 December 2023, the company had a global headcount of 2,000, including off-roll employees.

The Objectives of the Issue

  • 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 Timetable

IPO Opening date08 May 2024
IPO Closing10 May 2024
Basis of Allotment13 May 2024
Initiation Refund14 May 2024
Credit to Demat Account14 May 2024
Listing Date15 May 2024
(Cut-off time for UPI mandate confirmation – 5 PM on May 10, 2024)

TBO Tek IPO details

Issue typeBook Built Issue IPO
IPO issue size₹1,550.81 Cr – 16,856,623 shares
Fresh Issue₹400 Cr – 4,347,826 shares
Offer for sale₹1,150.81 Cr – 12,508,797 shares
Face value₹01 per share
Price Band ₹875 to ₹920 per share
Lot size16 Shares
Shareholding pre-issue104,239,961
Shareholding post-issue108,587,787
Listing ExchangeBSE & NSE

TBO Tek IPO Lot Size

Retail (Min)116₹14,720
Retail (Max)13208₹191,360
S-HNI (Min)14224₹206,080
S-HNI (Max)671,072₹986,240
B-HNI (Min)681,088₹1,000,960

TBO Tek IPO Reservation Details

QIB Shares Offered75%
NII (HNI) Shares Offered15%
Retail Shares Offered10%

TBO Tek Financial Performance

 FY 2021FY 2022FY 20239M FY 2024
Net income(34.14)33.72148.49154.18
Margin (%)(24.07)6.9813.9515.06
(Amount in ₹ Crores)

TBO Tek Valuations & Margins

FY 2021FY 2022FY 2023
PE Ratio
RONW (%)(16.73)14.5444.04
EBITDA (%)(16.00)5.9517.08

Company Promoters

  • Ankush Nijhawan
  • Gaurav Bhatnagar
  • Manish Dhingra
  • Arjun Nijhawan

Promoter Holding

Pre Issue Share Holding51.26%
Post Issue Share Holding

TBO Tek IPO Lead Manager(s)

  • Axis Capital Limited
  • Jefferies India Private

TBO Tek Registrar

Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: tbo.ipo@kfintech.com
Website: www.kfintech.com

TBO Tek Contact Details

E-78, South Extension Part I,
New Delhi – 110 049, India
Phone: +91 124 499 8999
Email: corporatesecretarial@tbo.com
Website: www.tbo.com

TBO Tek IPO Allotment Status

TBO Tek IPO allotment status will be available on the KFin Tech website. Click on this link to get allotment status.

Final thoughts

TBO Tek IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.

Happy Investing

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