TBO Tek Ltd
Price Range
₹875 - ₹920
Min. Quantity
16
Closes on
10 May 2024
Min. investment
₹14,720/208 Shares
TBO Tek Ltd IPO Timeline
TBO Tek Limited was incorporated as Tek Travels Private Limited on November 6, 2006, at New Delhi. The Company name changed to TBO Tek Private Limited' on October 22, 2021. Thereafter, it got converted into a Public Company and the name of the Company changed to TBO Tek Limited' vide a fresh Certificate of Incorporation on November 3, 2021 by RoC.
| Event | Date |
|---|---|
| TBO Tek Ltd IPO Opening Date | 8 May 2024 |
| TBO Tek Ltd IPO Closing Date | 10 May 2024 |
| Basis of Allotment | 13 May 2024 |
| Initiation of Refunds | 14 May 2024 |
| Credit of Shares to Demat | 14 May 2024 |
| TBO Tek Ltd IPO Listing Date | 15 May 2024 |
TBO Tek Ltd IPO Details
| TBO Tek Ltd IPO Date | 8 May 2024 to 10 May 2024 |
| TBO Tek Ltd IPO Face Value | ₹1 per share |
| TBO Tek Ltd IPO Price | ₹875 to ₹920 per share |
| TBO Tek Ltd IPO Lot Size | 16 |
| Issue Size | Shares of ₹1 (aggregating up to ₹1,550.81 Cr) |
| Fresh Issue | Shares of ₹1 (aggregating up to ₹400 Cr) |
| Offer for Sale | Shares of ₹1 (aggregating up to ₹1,150.81 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 50,47,205 of the Net Offer |
| Retail Shares Offered | Not less than 16,82,401 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 25,23,602 of the Net Offer |
| Company Promoters | Ankush Nijhawan, Gaurav Bhatnagar, Lap Travel Pvt Ltd |
TBO Tek Ltd IPO Lot Size
The TBO Tek Ltd IPO lot size is 16 shares. A retail-individual investor can apply for up to 13 lots (208 shares or ₹1,91,360).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 16 | ₹14,720 |
| Maximum | 13 | 208 | ₹1,91,360 |
- Strengths
- Risks
- Opportunities
- 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.
Company Financials
TBO Tek Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 937.89 | 560.08 | 47.18 |
| 03-2023 | 810.11 | 486.83 | 51.70 |
| 03-2022 | 655.56 | 292.45 | 31.41 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Growth and strengthening of its platform by adding new Buyers and Suppliers
- Unidentified inorganic acquisitions
- General corporate purposes
TBO Tek Ltd IPO Promoter Holding
| Pre Issue Share Holding | 0.63% |
| Post Issue Share Holding | 0.6% |
TBO Tek Ltd IPO Subscription Status (Bidding Detail)
The TBO Tek Ltd IPO is subscribed 86.7 times on 10 May 2024 05:00:00 PM. The public issue subscribed 25.74 times in the retail category, 125.51 times in the QIB category, and 50.6 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 125.51 | 50.6 | 25.74 | 17.82 | 86.7 |
TBO Tek Ltd IPO Prospectus
TBO Tek Ltd IPO Listing Date
| Listing Date | 15 May 2024 |
| BSE Script | 544174 |
| NSE Symbol | TBOTEK |
| Listing In | BSE, NSE |
| ISIN | INE673O01025 |
| IPO Price | ₹920 |
| Face Value | ₹1 |
Company Contact Information
E-78 South Extension Part I,New Delhi-110049
Phone: 91-124-499 8999
Email: corporatesecretarial@tbo.com
Website: www.tbo.com
TBO Tek Ltd IPO Registrar
TBO Tek Ltd IPO Lead Manager(s)
- Axis Capital Ltd
- Goldman Sachs (India) Securities Pvt Ltd
- Jefferies India Pvt Ltd
- JM Financial Ltd
FAQ
What is the issue size of TBO Tek Ltd IPO?
I have pre-applied for TBO Tek Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.