TBO Tek IPO Details ( TBO Tek Limited IPO Review )
(8 May 2024 – 10 May 2024)
Established in 2006, TBO Tek Limited, formerly known as Tek Travels Private Limited, is a travel hub where you can find all your travel needs. We cater to both individuals and businesses, making travel simpler and smoother for everyone.
Our platform acts as a bridge between travel suppliers like hotels, airlines, car rentals, and more, and those who need their services. Whether you’re a travel agency, an independent consultant, or a big corporation, our technology brings both sides together effortlessly.
For suppliers, our platform is a place to showcase their offerings and set prices. For customers, it’s a convenient one-stop solution where you can explore and book travel options worldwide, be it for leisure, business, or religious purposes. Our platform supports multiple currencies and languages, making it accessible to a global audience.
By December 31, 2023, we had connected people to over 7,500 destinations in more than 100 countries, with a team of over 2,000 dedicated individuals.
TBO Tek Limited IPO Competitive Strength
- Platform creating network effect with interlinked flywheels to enhance value proposition for partners
- Modular and scalable proprietary technology platform allowing 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 experienced professional management team with deep travel and technology expertise
- Capital efficient business model with a combination of sustainable growth
TBO Tek IPO Financials Performance ( Results )
TBO Tek Limited Financial Information (Restated Consolidated)
All Amount in ₹ Crores
| Period Ended | Total Assets | Total Revenue | PAT | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 576.16 | 176.55 | -34.14 | 204.07 | 197.58 | 2.69 |
| 31-Mar-22 | 1,271.43 | 511.93 | 33.72 | 231.90 | 214.08 | 6.36 |
| 31-Mar-23 | 2,557.93 | 1,085.77 | 148.49 | 337.19 | 317.57 | 2.93 |
| 31-Dec-23 | 3,754.05 | 1,039.56 | 154.18 | 501.21 | 478.43 |
Objective of TBO Tek IPO 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 Basic Details
| IPO Date | May 8, 2024 to May 10, 2024 |
| Listing Date | Wednesday, May 15, 2024 |
| Face Value | ₹1 per share |
| Price | ₹875 to ₹920 per share |
| Lot Size | 16 Shares |
| Issue Size | 16,856,623 shares of ₹1 (aggregating up to ₹1,550.81 Cr) |
| Fresh Issue | 4,347,826 shares of ₹1 (aggregating up to ₹400.00 Cr) |
| Offer for Sale | 12,508,797 shares of ₹1 (aggregating up to ₹1,150.81 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Share holding pre issue | 104,239,961 |
| Share holding post issue | 108,587,787 |
| Company Promoters | Ankush Nijhawan, Gaurav Bhatnagar, Manish Dhingra, and Arjun Nijhawan |
TBO Tek IPO Reservation
| QIB Shares Offered | 75% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 10% of the Net Issue |
TBO IPO Timetable
TBO IPO will open on May 8, 2024 and close on May 10, 2024. You can join TBO IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 8 May 2024 (Wednesday) |
| Closing Date | 10 May 2024 (Friday) |
| Basis of Allotment | 13 May 2024 (Monday) |
| Initiation of Refunds | 14 May 2024 (Tuesday) |
| Credit of Shares to Demat | 14 May 2024 (Tuesday) |
| Listing Date | 15 May 2024 (Wednesday) |
| Deadline for UPI mandate confirmation | 5 PM on 10 May 2024 |
TBO Tek IPO Lot Size
For retail investors in TBO Tek IPO, 16 shares will come in 1 lot or the minimum investment will be ₹14,720. Retail-individual investors can apply for up to 13 lots or the maximum investment will be ₹191,360.
| 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 Promoter Holding
The company’s promoters include Ankush Nijhawan, Gaurav Bhatnagar, Manish Dhingra, and Arjun Nijhawan.
| Pre Issue Share Holding | 51.26% |
| Post Issue Share Holding |
TBO Tek Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Market Cap (₹ Cr.) | 9990.08 |
| Earning Per Share (EPS) | ₹15.15 per Equity Share |
| Net Asset Value (NAV) | ₹49.31 per Equity Share |
| Pre P/E Ratio (P/E) (x) | 64.58 |
| Post P/E Ratio (P/E) (x) | 48.60 |
| Return on Net Worth (RoNW) (%) | 30.76 |
| Price/Book Value Ratio | 18.66 |
TBO Tek IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹540 | – | – |
| 7 May 2024 | ₹540 | – | – |
TBO Tek IPO Detail Video:
TBO Tek IPO Subscription Status (Bidding Detail)
The TBO Tek IPO on May 10, 2024 at 7:02:00 PM was subscribed 86.69 times, with the retail category being subscribed 25.72 times, the NII (Non-Institutional Investor) category being subscribed 50.60 times, QIB (Qualified-Institutional Buyers) category being subscribed 125.51 times.
| Category | Subscription |
| QIB | 125.51x |
| NII | 50.60x |
| Retail | 25.72x |
| Employee | 17.81x |
| Total | 86.69x |
TBO Tek IPO Prospectus
TBO Tek IPO Rating
| Our Rating | 3.5/5.0 |
TBO Tek Company Contact Information
TBO Tek Limited
Registered Office: E-78, South Extension Part I, New Delhi – 110 049, India; Corporate Office: Plot No. 728, Udyog Vihar Phase V, Gurugram, Haryana – 122016, India
Telephone: +91 124 499 8999
Contact person: Neera Chandak, Company Secretary and Compliance Officer
E-mail: corporatesecretarial@tbo.com
Website: www.tbo.com
Corporate Identity Number: U74999DL2006PLC155233
Promoters of Our Company: Ankush Nijhawan, Gaurav Bhatnagar, Manish Dhingra, Arjun Nijhawan and Lap Travel Private Limited
TBO Tek IPO Registrar
KFin Technologies Limited
(formerly known as KFin Technologies Private Limited)
Registered Office: Selenium, Tower B, Plot No. 31 and 32, Financial District Nanakramguda, Serilingampally, Hyderabad – 500 032, Telangana, India
Telephone: +91 40 6716 2222
E-mail: tbo.ipo@kfintech.com
Website: www.kfintech.com
Investor Grievance E-mail: einward.ris@kfintech.com
Contact Person: M. Murali Krishna
SEBI Registration No: INR000000221
TBO Tek IPO Lead Manager
Axis Capital Limited
Registered Office: 1st Floor, Axis House C-2 Wadia International Center Pandurang Budhkar Marg, Worli Mumbai – 400 025, Maharashtra, India
Telephone: +91 22 4325 2183
E-mail: tbo.ipo@axiscap.in
Website: www.axiscapital.co.in
Investor Grievance E-mail: complaints@axiscap.in
Contact Person: Akash Aggarwal/ Harish Patel
SEBI Registration No.: INM000012029
Goldman Sachs (India) Securities Private Limited
Registered Office: 951-A, Rational House Appasaheb Marathe Marg, Prabhadevi, Mumbai 400 025, Maharashtra, India
Telephone: +91 22 6616 9000
Email: tboipo@gs.com
Investor Grievance E-mail: india-clientsupport@gs.com
Website: www.goldmansachs.com
Contact Person: Suchismita Ghosh
SEBI Registration No: INM000011054
Jefferies India Private Limited
Registered Office: Level 16, Express Towers Nariman Point Mumbai 400 021, Maharashtra, India
Telephone: +91 22 4356 6000
E-mail: tbo.ipo@jefferies.com
Investor Grievance E-mail: jipl.grievance@jefferies.com
Website: www.jefferies.com
Contact Person: Suhani Bhareja
SEBI Registration No: INM000011443
JM Financial Limited
Registered Office: 7th Floor, Cnergy Appasaheb Marathe Marg Prabhadevi, Mumbai 400025, Maharashtra, India
Telephone: +91 22 6630 3030
E-mail: tektravels@jmfl.com
Investor Grievance E-mail: grievance.ibd@jmfl.com
Website: www.jmfl.com
Contact Person: Prachee Dhuri
SEBI Registration No.: INM000010361
TBO Tek IPO FAQs
What is the lot size of TBO Tek IPO?
The total size of TBO Tek IPO is ₹1,550.81 crores out of which ₹400.00 crores is fresh issue and ₹1,150.81 crores is offer for sale (OFS).
When will TBO Tek IPO start?
TBO Tek IPO will open from 8 May 2024 and IPO will close on 10 May 2024.
What is the open date of TBO Tek IPO?
TBO Tek IPO will open date from 8 May 2024.
What is the last date ( close date ) of TBO Tek IPO?
TBO Tek IPO will close from 10 May 2024.
What is the price band of TBO Tek IPO?
TBO Tek IPO price band is ₹875 to ₹920. ( Upper Price Band: ₹920, Lower Price Band: ₹875 )
What is the minimum amount required to apply for TBO Tek IPO?
The minimum investment for retailers to apply for TBO Tek IPO is ₹14,720 and the maximum investment is ₹191,360.
What is going on gray market premium of TBO Tek IPO?
View gray market premium of TBO Tek IPO by Clicking Here
How much is the GMP of TBO Tek IPO?
Watch TBO Tek IPO GMP Today: Click Here
What is the allotment date of TBO Tek IPO?
The allotment date of TBO Tek IPO is 13 May 2024.
How to check allotment status in TBO Tek IPO?
To check the allotment status of TBO Tek IPO, first of all go to the registrar website by clicking here, select your bad TBO Tek IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of TBO Tek IPO?
The listing date of TBO Tek IPO is 15 May 2024.
How much will be the listing gain in TBO Tek IPO?
View listing gain of TBO Tek IPO by Clicking Here
How much time TBO Tek IPO is subscribed?
Total 86.69 times subscribed in TBO Tek IPO out of which 25.72 times subscription was done in retail quota, 50.60 times subscription in NII quota and 125.51 times subscription in QIB quota.
How to apply for TBO Tek IPO from Upstox?
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How to apply for TBO Tek PO from Zerodha?
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How to apply for TBO Tek IPO from Angle One?
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