30-Apr-2024
2 mins read
TBO Tek Limited IPO is open for subscription starting Wednesday, May 8, 2024, and closing on Friday, May 10, 2024. This issue is a book-built issue. The issue is a mixture of fresh issue and offer-for-sale. The fresh issue is Rs 400 crore, and the offer-for-sale is 1.25 crore equity shares. The price band and lot size of this issue have not yet been announced. The allotment for this IPO is expected to be finalised on Monday, May 13, 2024. TBO Tek Limited IPO will be listed on both BSE and NSE, and the listing date is fixed on Wednesday, May 15, 2024. The book-running lead managers of TBO Tek Limited are Axis Capital Limited and Jefferies India Private Limited. The registrar for this new IPO is Kfin Technologies Limited.
About TBO Tek Limited Company Profile
TBO Tek Limited established in 2006, formerly known as Tek Travels Private Limited, is a travel distribution platform that offers travel inventory according to the needs of customers. It supports a wide range of currencies along with forex. TBO Tek simplifies the travel business for suppliers such as hotels, airlines, car rentals, cruise rail companies and others. It also simplifies travel business for retail customers such as travel agencies and independent travel consultants. The company’s platform enables sellers to show and market their inventory and set prices for buyers. However, for buyers, the platform is integrated and- multi-currency and multi-lingual, one-stop solution that helps them discover and book travel to destinations worldwide across various travel segments. As of December 31, 2023, the company had sold over 7500 destinations in more than 100 countries.
Objectives of TBO Tek Limited IPO
The net amount received from this initial public offer will be used to support the supplier and buyer base, amplify value for the company's platform by adding new lines of business, grow inorganically through selective acquisitions, and build synergies with the existing platform. The company will also leverage the data procured to offer bespoke travel solutions to our buyers and suppliers.
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Financials of TBO Tek Limited (Amt in Rs Crore)
TBO Tek Limited reported a revenue of Rs 1,039.56 crore and net profit of Rs 154.18 crore for the period ending on 31 December 2023. The company’s revenue increased by 112.09% and PAT increased by 340.4% between the FY ending with 31 March 2023 and 31 March 2022.
| Period Ended | 31-Dec-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| 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 | 231.9 | 204.07 |
| Reserves and Surplus | 478.43 | 317.57 | 214.08 | 197.58 |
| Total Borrowing | 2.93 | 6.36 | 2.69 | - |
Other Important Details of TBO Tek Limited IPO
| IPO Date | May 8, 2024 to May 10, 2024 |
| Listing Date | 15-May-24 |
| Face Value | Rs 1 per share |
| Price | Not yet announced |
| Lot Size | Not yet announced |
| Total Issue Size | Not yet announced |
| Fresh Issue | amounting to Rs 400 crore |
| Offer for Sale | 12,508,797 shares |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 104,239,961 |
Time-Table of TBO Tek Limited IPO
| IPO Open Date | Wednesday, May 8, 2024 |
| IPO Close Date | Friday, May 10, 2024 |
| Basis of Allotment | Monday, May 13, 2024 |
| Initiation of Refunds | Tuesday, May 14, 2024 |
| Credit of Shares to Demat | Tuesday, May 14, 2024 |
| Listing Date | Wednesday, May 15, 2024 |
| Cut-off time for UPI mandate | 5 PM on May 10, 2024 |
IPO Reservation of TBO Tek Limited
| Investor Category | Shares Offered |
| QIB Shares | Not less than 75 percent of the Issue |
| Retail Shares | Not more than 10 percent of the Issue |
| NII (HNI) Shares | Not more than 15 percent of the Issue |
Promoters Holdings of TBO Tek Limited
| Shareholding Pre Issue | 51.26 percent |
| Shareholding Post Issue | - |
Lead Manager(s) of TBO Tek Limited IPO
The lead manager for TBO Tek Limited IPO is Axis Capital Limited and Jefferies India Private Limited.
How do you apply for the TBO Tek Limited IPO?
Wait for the public issue to open for subscription, then visit Bigul website to apply for the TBO Tek Limited IPO with Bigul.
How do you check the allotment status of TBO Tek Limited IPO?
The registrar for TBO Tek Limited IPO is Kfin Technologies Limited. To check your allotment status, please click here.
FAQs
- What is TBO Tek Limited IPO 2024?
TBO Tek Limited issue is a book-built issue. The issue is a mixture of fresh issue and offer-for-sale. The fresh issue is of Rs 400 crore and offer-for-sale is of 1.25 crore equity shares. The price band and lot size of this issue is not yet announced.
- Who are the lead managers for the TBO Tek Limited IPO?
The lead manager for TBO Tek Limited IPO is Axis Capital Limited and Jefferies India Private Limited.
- What is the role of Kfin Technologies in this IPO?
Kfin Technologies Limited is the registrar for TBO Tek Limited, handling the IPO's administrative aspects.
- How can I apply for the TBO Tek Limited IPO?
The public subscription of this IPO will open on May 8, 2024. Visit the Bigul website for the application process.
- How will the net proceeds from the IPO be utilised?
The net amount received from this initial public offer will be used to support the supplier and buyer base, amplify value for the company's platform by adding new lines of business, grow inorganically through selective acquisitions, and build synergies with the existing platform.
- How can I check the allotment status of the IPO?
Investors can check out the allotment status of the TBO Tek Limited IPO 2024 by visiting here.
- What is the financial performance of TBO Tek Limited?
TBO Tek Limited reported a revenue of Rs 1,039.56 crore and net profit of Rs 154.18 crore for the period ending on 31 December 2023. The company’s revenue increased by 112.09% and PAT increased by 340.4% between the FY ending with 31 March 2023 and 31 March 2022.
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