TBO Tek IPO Date, Review, Price, Allotment Details

TBO Tek IPO GMP Today,  TBO Tek IPO Grey Market Premium Updates |  TBO Tek IPO, Latest target, Opening gain

TBO Tek IPO began on 08 May 2024. It will close on 10 May 2024. The Total IPO Size is ₹1,550.81 Crore Approx. The company set its IPO price is ₹875 to ₹920 per share Per Share. There are three basic categories in TBO Tek IPO Subscription:- 1) Qualified Institutional Buyers.  2) Non-Institutional Investors.  3) Retail.

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.

As at December 31, 2023, the company had sold over 7,500 destinations in more than 100 countries and employed over 2,000 people.

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.

TBO Tek IPO Details:

Issuer TBO Tek IPO
Issue Type Book Built Issue IPO
Issue Period Issue Opens: 08 May 2024
Issue Closes: 10 May 2024
Price Brand ₹875 to ₹920 per share
Issue Size ₹1,550.81 Cr
Face Value ₹1 per share
Market Lot 16 Shares
Retail (Max) ₹191,360
QIB 75%
HNI 15%
Retail Individual Bidders 10%
Listing at NSE & BSE
✔️ Apply With ANGEL Free DEMAT Account
Total Shares 16,856,623 shares

TBO Tek IPO GMP Rates day by day

TBO Tek IPO Market Lot:

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 Date, Allotment & Listing:

TBO Tek IPO Opening Date: May 08, 2024
TBO Tek IPO Closing Date: May 10, 2024
Basis of Allotment: May 13, 2024
Initiation of Refunds: May 14, 2024
Credit to Demat Account: May 14, 2024
Listing Date: May 15, 2024

TBO Tek Limited Financial Information (Restated Consolidated)

TBO Tek Limited’s revenue increased by 112.09% and profit after tax (PAT) rose by 340.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended 31 Dec 2023 31 Mar 2023 31 Mar 2022 31 Mar 2021
Assets 3,754.05 2,557.93 1,271.43 576.16
Revenue 1,039.56 1,085.77 511.93 176.55
Profit After Tax 154.18 148.49 33.72 -34.14
Net Worth 501.21 337.19 231.90 204.07
Reserves and Surplus 478.43 317.57 214.08 197.58
Total Borrowing 2.93 6.36 2.69  
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of TBO Tek IPO is Rs 9990.08 Cr.

KPI as of December 31, 2023.

KPI Values
RoNW 30.76
P/BV 18.66
  Pre IPO Post IPO
EPS (Rs)  14.25 18.93
P/E (x)  64.58 48.6

Objects of the Issue (TBO Tek IPO Objectives)

The company intends to utilize the net proceeds from the issue towards the funding of 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.


How to Apply for TBO Tek IPO?

If you’re a new investor Open a DEMAT Account for free with Angel One and build wealth with the best stock choices. Join a 1 million+ family of happy customers.

How to Apply TBO Tek IPO through Zerodha?

Log in to the Console in the Zerodha Website or Application. Go to Portfolio and Click on IPO. You will see the IPO Name “TBO Tek”. 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. Open a Demat Account with Zerodha.

How to Apply TBO Tek IPO through Upstox?

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

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before the UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released after the mandate expiry date.



Frequently Asked Questions

What is TBO Tek IPO?

TBO Tek IPO is a main-board initial public offering of 16,856,623 Equity shares of the face value of ₹1 aggregating up to ₹1,550.81 Crores. The issue price of the IPO is ₹875 to ₹920 Per Equity Share. The minimum order quantity is 16 Shares per application and the offer type is Book Built Issue. The IPO opens on May 08, 2024 and closes on May 10, 2024. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

When TBO Tek IPO will open?

The TBO Tek IPO opens on May 08, 2024 and closes on May 10, 2024.

How to apply for TBO Tek IPO?

You can apply in TBO Tek IPO online using either UPI or ASBA as payment method. Axis Capital Limited, Jefferies India Private Limited, Goldman Sachs (India) Securities Private Limited and Jm Financial Limited are the book running lead managers of the TBO Tek IPO, while Kfin Technologies Limited is the registrar for the issue.

When TBO Tek IPO allotment?

The finalization of Basis of Allotment for TBO Tek IPO will be done on May 13, 2024, and the allotted shares will be credited to your demat account by May 14, 2024. Check the TBO Tek IPO allotment status.

When is TBO Tek IPO listing date?

The TBO Tek IPO listing date is not yet announced. The tentative date of TBO Tek IPO listing is May 15, 2024.

What is the lot size of TBO Tek IPO?

TBO Tek IPO lot size is 16 Shares and the minimum order quantity is 1 Shares.