TBO Tek Limited IPO (TBO Tek IPO)

TBO Tek Limited IPO
Upcoming TBO Tek IPO | New TBO Tek IPO

TBO Tek Limited is one of the leading global travel distribution platforms, simplifying the travel business for suppliers like hotels, airlines, car rentals, transfers, cruises, insurance, rail and others.

The company’s platform also caters to retail and enterprise buyers such as travel agencies, independent travel advisors, tour organizers and others. Their technology platform consolidates the large and fragmented base of Suppliers to display and market inventory to and set prices for the large and fragmented global Buyer base.

The platform consists of two portals:

  • TBO Holidays: which serves as a global travel distribution platform.
  • Travel Boutique Online: which caters specifically to travel buyers in India.

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 company operate in more than 100 countries. TBO TEK Ltd. ranks second in Billing and Settlement Plan (“BSP”) in India.

TBO Tek IPO

TBO Tek IPO – Details

IPO Opening Date08 May 2024
IPO Closing Date10 May 2024
Issue TypeBook Built Issue IPO
Issue Size1,68,56,623 Shares Worth ₹1550.81 Crore
Fresh Issue: 43,47,826 Shares Worth ₹400.00 Crore
Offer For Sale: 1,25,08,797 Shares Worth ₹1150.81 Crore
Face Value₹1 per equity share
IPO Price₹875 – ₹920
Market Lot16 Shares
Min Order16 Shares (1 Lot)
Listing AtBSE, NSE
RegisterKFin Technologies Limited
QIB Shares Offered75%
NII (HNI) Shares Offered15%
Retail Shares Offered10%

TBO Tek IPO – Date Schedule

IPO Open Date08 May 2024
IPO Close Date10 May 2024
Basis of Allotment Date13 May 2024
Initiation of Refund14 May 2024
Credit of Shares to Demat Account14 May 2024
IPO Listing Date15 May 2024
Cut-off time for UPI mandate confirmation5 PM on May 10, 2024

TBO Tek IPO – Lots Size & Price

ApplicationLotsSharesAmount
Retail (Min)116₹14,720
Retail (Max)13208₹1,91,360
S-HNI (Min)14224₹2,06,080
S-HNI (Max)671072₹9,86,240
B-HNI (Min)681088₹10,00,960

Competitive Strengths

  • 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; and
  • Capital efficient business model with a combination of sustainable growth. The company developed a capital efficient business model with operating leverage and strong cash generation.

Company Promoters

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

Company Financials (Restated Consolidated)

ParticularsTotal RevenueTotal ExpenseProfit After TaxTotal Borrowing
31 March 2021176.54176.80-34.14
31 March 2022511.92470.4633.712.69
31 March 20231085.77914.41148.496.36
31 December 20231039.56858.74154.172.93
Amount in ₹ Crores

Key Performance Indicator

KPIValues
RoNW30.76
P/BV18.66
Pre IPOPost IPO
EPS (Rs)14.2518.93
P/E (x)64.5848.6

Object Of The Issue

  • Growth and strengthening of our platform by adding new Buyers and Suppliers:
    • Investment in technology and data solutions by TBO Tek Company.
    • Investment in its Material Subsidiary, Tek Travels DMCC, for on boarding platform users through marketing and promotional activities; and hiring sales and contracting personnel for augmenting company’s Supplier and Buyer base outside India.
    • Investment in sales, marketing and infrastructure to support organization’s growth plans in India.
  • Unidentified inorganic acquisitions and general corporate purposes:
    • Unidentified inorganic acquisitions.
    • General corporate purposes.
TBO Tek IPO
Object of the Issues

TBO Tek IPO Peer Comparison

S. No.Face ValueCompany NamePE
11Rategain Travel Technologies Limited113.31

TBO Tek IPO Promoter Holding

Pre Issue Share Holding51.26%
Post Issue Share Holding

TBO Tek IPO Prospectus

Company Contact Information

TBO Tek Limited

E – 78, South Extension Part I,
New Delhi – 110 049, India

Phone: +91 124 499 8999
Email: corporatesecretarial@tbo.com
Websitewww.tbo.com

TBO Tek IPO Registrar

KFin Technologies Limited

Phone: +91 40 6716 2222
Email: tbo.ipo@kfintech.com
Websitewww.kfintech.com

TBO Tek IPO Lead Manager(s)

1. Axis Capital Limited
2. JM Financial Limited
3. Jefferies India Private Limited
4. Goldman Sachs (India) Securities Private Limited

TBO Tek IPO FAQs

TBO Tek IPO FAQs
What is TBO Tek IPO?

TBO Tek IPO is a main-board IPO. The issue is priced at ₹875 to ₹920 per equity share. The IPO is to be listed on BSE & NSE.
When TBO Tek IPO will open?

The IPO is to open on 08 May 2024 for QIB, NII, and Retail Investors.
What is TBO Tek IPO Investors Portion?

The investors’ portion for QIB – 75%NII – 15%, and Retail – 10%.
How to Apply the TBO Tek IPO?

You can apply TBO Tek IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the TBO Tek IPO through Angle One?

Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “TBO Tek”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One.
How to Apply the TBO Tek IPO through 5 Paisa?

Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “TBO Tek“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa.
How to Apply the TBO Tek IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “TBO Tek”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.
How to Apply the TBO Tek IPO through IIFL?

Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “TBO Tek”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL.
What is TBO Tek IPO Size?

TBO Tek IPO size is ₹1,550.81 Crore.
What is TBO Tek IPO Price Band?

TBO Tek IPO Price Band is ₹875 to ₹920.
What is TBO Tek IPO Minimum and Maximum Lot Size?

The minimum bid is 16 Shares with ₹14,720 amount while the maximum bid is 208 Shares with ₹1,91,360.
What is the TBO Tek IPO Allotment Date?

TBO Tek IPO allotment date is 13 May 2024.
What is the TBO Tek IPO Listing Date?

TBO Tek IPO listing date is 15 May 2024. The IPO is to list on BSE and NSE.
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