The leading travel distribution platform company TBO Tek IPO will be hit the market May 08, 2024 and closes on May 10, 2024. The Company has filed the RHP of this IPO. According to RHP, the company wants to raise ₹1550.81 crore through IPO. The company will issue fresh shares of ₹400 crores through this IPO and will issue shares through offer for sale of ₹1150.81 crores.
The company has reserved 75% for QIB, 15% for NII and 10% for Retail Investor in this IPO.
TBO Tek Limited is one of the leading travel distribution platforms in the global travel and tourism industry. The company provides a wide range of offerings operating in over 100 countries, by giving buyers a comprehensive travel inventory according to the needs of their customers; and supporting a wide range of currencies along with forex assistances. They simplify the business of travel for suppliers such as hotels, airlines, car rentals, transfers, cruises, insurance, rail, and others. You can check TBO Tek IPO GMP.
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The company platform allows the large and fragmented base of Suppliers to display and market inventory to, and set prices for, the large and fragmented global Buyer base. For Buyers, our platform is an integrated, multi-currency, and multi-lingual one-stop solution that helps them discover and book travel for destinations worldwide, across various travel segments. You can check the TBO Tek IPO subscription status here.
As of December 31, 2023, the company had sold over 7,500 destinations in more than 100 countries and employed over 2,000 people. Travel and tourism have evolved, with experienced travelers traditionally favoring developed countries such as the United States of America (“USA”) and Europe.
Object 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.
- Leveraging data procured to offer bespoke travel solutions to our Buyers and Suppliers.
Company Strengths :
- Platform creating network effect with interlinked flywheels to enhance the value proposition for partners.
- Modular and scalable proprietary technology platform allowing the addition of new lines of business, markets, and travel products.
- Ability to generate and leverage large data assets.
- Data-driven decision-making across the enterprise.
- Founders’ led company supported by an experienced professional management team with deep travel and technology expertise.
- A capital-efficient business model with a combination of sustainable growth.
TBO Tek IPO Review :
| Details | Valuation |
| PAT : Issue Price : EPS : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹154.18 Cr ₹920 /EQ 15.30 60.13x 30.76 % 30.76 % N/A % 0.01 ₹49.31 ₹3,754.05 Cr ₹9990.08 Cr 51.26 % – % |
| Team Review : | ✔ Apply For Long Term |
Show Review…….
- ■ The company is ne of the leading travel distribution platforms in the global travel and tourism industry.
- ■ The company top and bottom line strong.
- ■ The PE ratio of the company is slightly high.
- ■ The company Issue price is slightly aggressive based on the PE Ratio but the company growth line is clear.
- ■ Based on FY24 the issue appears fully priced, Investors can bid the long-term investing.
TBO Tek IPO Date & Price Band & Details :
| IPO Open : | May 08, 2024 |
| IPO Close : | May 10, 2024 |
| Issue Type : | Book Built Issue |
| Face Value : | ₹1 Equity Share |
| Price Band : | ₹875 – ₹920 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹1550.81 Cr {16,856,623 Shares} |
| Fresh Issue : | ₹400.00 Cr {4,347,826 Shares} |
| Offer For Sale : | ₹1150.81 Cr {12,508,797 Shares} |
TBO Tek IPO Market Lot :
TBO Tek IPO Minimum Market lot is 1 Lot with 16 shares with ₹14,720 Application amount. Retail investors can apply up to 13 lots with 208 Shares or ₹191,360 amounts.
| Application | Lot | Shares | Amount Cr |
| Retail Minimum : | 1 | 16 | ₹14,720 |
| Retail Maximum : | 13 | 208 | ₹191,360 |
| S-HNI Minimum : | 14 | 224 | ₹206,080 |
| S-HNI Maximum : | 67 | 1072 | ₹986,240 |
| B- HNI Minimum : | 68 | 1088 | ₹1,000,960 |
TBO Tek IPO Reservation :
TBO Tek IPO Total Reservation of 16,856,623 shares are to be bid for the public issue by TBO Tek IPO with 12,642,467 for QIB and 2,528,493 for NII 1,685,662 for Retail Investor.
| Category | Reservation | Shares | Amount Cr |
| QIB : | 75% | 12,642,467 | ₹1163.11 |
| NII : | 15% | 2,528,493 | ₹232.62 |
| RII : | 10% | 1,685,662 | ₹155.08 |
| Total : | 100% | 16,856,623 | ₹1550.81 |
TBO Tek IPO EPS & RoNW :
The TBO Tek company’s EPS & RoNW growth Increased last financial year, which is shown to you in the table here.
| Year | EPS (Rs.) | RoNW % | NAV |
| 2023 Dec | ₹15.30 | 30.76 | ₹49.31 |
| 2023 | ₹14.21 | 44.04 | ₹33.22 |
| 2022 | ₹3.32 | 14.54 | ₹22.85 |
| 2021 | ₹-3.28 | -16.73 | ₹19.58 |
TBO Tek IPO Peer Comparison PE :
The TBO Tek, According to the RHP of the company is listed whose PE Multiple is shown in this table.
| Company | PE Ratio |
| RateGain Travel | 113.31 |
| Travel CTM | 28.34 |
| Webjet Ltd | 213.16 |
TBO Tek IPO Dates :
TBO Tek IPO Date is May 08, 2024, and closes on May 10, 2024. The allotment will be finalized on May 10, 2024, and the IPO may be listed on May 15, 2024..
| Anchor Date : | May 07, 2024 |
| Open Date : | May 08, 2024 |
| Close Date : | May 10, 2024 |
| Allotment Date : | May 13, 2024 |
| Refund Date : | May 14, 2024 |
| Share Credit Date : | May 14, 2024 |
| Listing Date : | May 15, 2024 |
TBO Tek IPO Form :
There are two ways to apply in TBO Tek IPO. You can apply for TBO Tek IPO through ASBA available in your bank account. You have to go to your online bank login select TBO Tek IPO in the Invest section and apply through your bank account. Another option is you apply for TBO Tek IPO through an IPO form download through NSE and BSE. Visit the IPO Form Page and download the NSE Form and BSE Form IPO Form, fill it out, and submit it to your bank or your broker.
TBO Tek Company Financial Report (Crore) :
| Year | Revenue | Expense | PAT |
| 2023 Dec | ₹1,039.56 | ₹858.74 | ₹154.18 |
| 2023 | ₹1,085.77 | ₹914.42 | ₹148.49 |
| 2022 | ₹511.93 | ₹470.46 | ₹33.72 |
| 2021 | ₹176.55 | ₹176.81 | ₹-34.14 |
Company Promoters :
■ Ravindra Dhariwal
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
TBO Tek IPO Lead Managers :
■ Axis Capital Limited
■ Jefferies India Private Limited
■ Goldman Sachs (India) Securities Private Limited
■ Jm Financial Limited
TBO Tek IPO Registrar :
KFin Technologies Limited
Selenium Tower B
Plot No. 31 and 32
Financial District, Nanakramguda
Serilingampally, Hyderabad 500 032
Telangana, India
Tel: +91 40 6716 2222
Email: [email protected]
Investor grievance e-mail: [email protected]
Website: www.kfintech.com
Note: Check TBO Tek IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
TBO Tek Limited
E – 78, South Extension Part I,
New Delhi – 110 049
Phone: +91 124 499 8999
Email: [email protected]
Website: http://www.tbo.com/
TBO Tek IPO FAQs :
What is TBO Tek IPO?
TBO Tek IPO is a Mainboard IPO. They are going to raise ₹1550.81 Crores via IPO. The issue is priced at ₹875-₹920 per equity share. The IPO is to be listed on NSE, and BSE.
When TBO Tek IPO will open?
The IPO is to open on May 08, to May 10, 2024, for QIB, NII & RII.
What is TBO Tek IPO Size?
TBO Tek’s IPO size is ₹1550.81 Crores.
What is the Fresh issue size of TBO Tek IPO?
The Fresh issue size of TBO Tek IPO ₹400.00 Cr.
What is the Offer For Sale size of TBO Tek IPO?
The Offer For Sale size of TBO Tek IPO ₹1150.81 Cr.
What is the TBO Tek IPO Price Band?
TBO Tek IPO Price Band is ₹875-₹920 Per share.
What is TBO Tek IPO Minimum and Maximum Lot Size?
The minimum 18 Shares with ₹14,720 amount while the maximum 208 shares with ₹191,360.
What is TBO Tek IPO Investors Portion?
The investors’ portion for QIB is 75%, NII 15%, and RII 10%.
What is the TBO Tek IPO Allotment Date?
TBO Tek IPO allotment date will be May 13, 2024.
What is the TBO Tek IPO Listing Date?
TBO Tek IPO listing date is May 15, 2024. The IPO is to be listed on NSE, and BSE.
How to Apply the TBO Tek IPO through Zerodha?
Log in to the Console on the Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “TBO Tek IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the TBO Tek IPO through Upstox?
Log in to the Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “TBO Tek IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the TBO Tek IPO through Groww?
Log in to the Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “TBO Tek IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the TBO Tek IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “TBO Tek IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| TBO Tek IPO GMP: Click Here TBO Tek IPO Subscription: Click Here TBO Tek IPO Allotment: Click Here TBO Tek IPO Listing: Click Here TBO Tek IPO Web Story: Click Here |
All TBO Tek IPO-related links are available here. If you want to know the details then click on the Click Here Link.
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