TBO Tek Limited

08 May 2024 - 10 May 2024 Individual Category NSE

Min Investment

₹14720

Price Band

₹875-₹920

Issue Size

92.86 lakhs
Equity Shares

Lot Size

16

IPO Dates
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08 May 2024

Open Date

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10 May 2024

Close Date

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13 May 2024

Allotment Date

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15 May 2024

Listing Date

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. 

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About Tbo Tek Limited

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. 

Founded

2006

Managing Director

Gaurav Bhatnagar and Ankush Nijhawan

Parent Organization

IPO Objectives

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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