IPO Issue Details
Issue Price / Price Band₹920 per share (Fixed Price)
Face Value₹1 Per Share
Lot Size16 Shares per Lot
Total Issue Size1,68,56,623 shares (aggregating up to ₹1,550.81 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenWed, 08 May 2024
Subscription CloseFri, 10 May 2024
Anchor AllotmentTue, 07 May 2024
Basis of AllotmentMon, 13 May 2024
Initiation of RefundsTue, 14 May 2024
Credit of Shares to DematTue, 14 May 2024
Listing DateWed, 15 May 2024
UPI Mandate Deadline2024-05-10
Application & Investment Details
Retail — Min (1 Lots)₹14,720 — 16 shares
Retail — Max (13 Lots)₹191,360 (13 Lots)
HNI — Min (14 Lots)₹2,06,080 — 224 shares
EPS (Pre-IPO)₹14.25
EPS (Post-IPO)₹18.93
P/E Ratio (Pre-IPO)64.58x
P/E Ratio (Post-IPO)48.6x
Pre-IPO Promoter Holding10,42,39,961 shares
Post-IPO Promoter Holding10,85,87,787 shares
Fresh Issue Shares43,47,826 shares (aggregating up to ₹400.00 Cr)
Offer for Sale Shares1,25,08,797 shares of ₹1 (aggregating up to ₹1,150.81 Cr)
About TBO Tek Ltd.
Established in 2006, TBO Tek Limited, formerly known as Tek Travels Private Limited, is a travel distribution platform that offers travel inventory according to the needs of its customers and supports a wide range of currencies along with forex help.The company simplifies the travel business for suppliers such as hotels, airlines, car rentals, transfers, cruises, insurance, rail companies, and others, as well as for retail customers such as travel agencies and independent travel consultants, and corporate customers such as tour operators, travel management companies, online travel companies, super apps and loyalty apps through our two-sided technology platform that enables suppliers and customers to connect seamlessly.The company's platform enables sellers to show and market their inventory and set prices for buyers. For buyers, the platform is an integrated, multi-currency, and multi-lingual, one-stop solution that helps them discover and book travel to destinations around the world, across various travel segments such as leisure, business and religious travel.As at December 31, 2023, the company had sold over 7,500 destinations in more than 100 countries and employed over 2,000 people.
Objects of the Issue
TBO Tek Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Expansion of the Supplier and Buyer base;
2
Amplification of value of our platform by adding new lines of businesses;
3
Inorganic growth through selective acquisitions and building synergies with our existing platform; and
4
Leveraging data procured to offer bespoke travel solutions to our Buyers and Suppliers.
Shareholding & Lock-in
Pre-IPO Promoter Holding
10,42,39,961 shares
Post-IPO Promoter Holding
10,85,87,787 shares
Lock-in Period (30%)June 12, 2024
Lock-in Period (50%)August 11, 2024