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 name | TBO Tek Limited |
| Sector | Hospitality |
| Industry | Travel Services |
| Company Website | https://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 date | 08 May 2024 |
| IPO Closing | 10 May 2024 |
| Basis of Allotment | 13 May 2024 |
| Initiation Refund | 14 May 2024 |
| Credit to Demat Account | 14 May 2024 |
| Listing Date | 15 May 2024 |
TBO Tek IPO details
| Issue type | Book 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 size | 16 Shares |
| Shareholding pre-issue | 104,239,961 |
| Shareholding post-issue | 108,587,787 |
| Listing Exchange | BSE & NSE |
TBO Tek IPO Lot Size
| 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 |
TBO Tek IPO Reservation Details
| QIB Shares Offered | 75% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 10% |
TBO Tek Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 | |
| Revenue | 141.81 | 483.27 | 1,064.59 | 1,023.75 |
| Expenses | 176.81 | 470.46 | 914.42 | 858.74 |
| Net income | (34.14) | 33.72 | 148.49 | 154.18 |
| Margin (%) | (24.07) | 6.98 | 13.95 | 15.06 |
TBO Tek Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (3.28) | 3.32 | 14.07 |
| PE Ratio | – | – | – |
| RONW (%) | (16.73) | 14.54 | 44.04 |
| NAV | 19.58 | 22.85 | 33.22 |
| EBITDA (%) | (16.00) | 5.95 | 17.08 |
Company Promoters
- Ankush Nijhawan
- Gaurav Bhatnagar
- Manish Dhingra
- Arjun Nijhawan
Promoter Holding
| Pre Issue Share Holding | 51.26% |
| Post Issue Share Holding |
TBO Tek IPO Lead Manager(s)
- Axis Capital Limited
- Jefferies India Private
TBO Tek Registrar
KFIN TECHNOLOGIES LIMITED
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
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
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
