What is the size of TBO Tek Limited’s IPO?
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The size of TBO Tek Limited IPO is worth Rs. 1,550.81 crore.
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Started in 2006, TBO Tek Limited is a New Delhi-based company which offers services related to hotels, trains, aeroplanes, rental cars, transportation, cruises, and insurance. It allows the sellers to set their prices for the buyers and also supports various currencies with forex help.
The company is launching its IPO this month with subscriptions starting from 8th May 2024. The last date of application is 10th May 2024. From its IPO listing on BSE and NSE on 15th May, 2024, the shares can be bought or sold from the secondary market.
Read on carefully to learn more about TBO Tek Limited IPO.
These are the most important details of TBO Tek Limited IPO:
IPO Open Date | 8th May 2024, Wednesday |
IPO Close Date | 10th May 2024, Friday |
Issue Type | Book Built IPO |
Face Value | Rs. 1 per share |
Price Band | Rs. 875 to Rs. 920 per share |
Minimum Lot Size | 16 equity shares |
Total Issue Size | Amount aggregating up to Rs. 1,550.81 crore |
Fresh Issue Size | Amount aggregating up to Rs. 400 crore |
Offer for Sale | Amount aggregating up to Rs. 1,150.81 crore |
Additional Read: Upcoming IPOs in May 2024
With a presence across 100+ countries in the world, TBO Tek Limited is a travel distribution platform. The company offers various travel booking facilities along with forex assistance. It has a platform which enables both buyers and sellers to transact with each other. Its main suppliers include hotels, car rentals, rail, transfers, insurance, airlines, cruises and others. The company has two main revenue models: the commission and the B2B rate model.
The company is launching its IPO which has a total size of 1,550.81 crore, comprising 4,347,826 fresh issue shares and the OFS amounting to 12,508,797 shares.
Additional Read: How to Invest in an IPO Online
Here are the important dates and timelines of the TBO Tek Limited IPO that you should know before applying:
IPO Open Date | 8th May 2024, Wednesday |
IPO Close Date | 10th May 2024, Friday |
Cut-off Time for UPI Mandate Confirmation | 10th May 2024 at 5 PM |
Basis of Allotment Date | 13th May 2024, Monday |
Initiation of Refunds Date | 14th May 2024, Tuesday |
Credit of Shares to Accounts Date | 14th May 2024, Tuesday |
Listing Date | 15th May 2024, Wednesday |
Follow this table to know the lot size of the TBO Tek Limited IPO issue:
Application | Lots | Shares | Amount |
Retail Investor (Minimum) | 1 | 16 | Rs. 14,720 |
Retail Investor (Maximum) | 13 | 208 | Rs. 1,91,360 |
Small HNI (Minimum) | 14 | 224 | Rs. 2,06,080 |
Small HNI (Maximum) | 67 | 1,072 | Rs. 9,86,240 |
Big HNI (Minimum) | 68 | 1,088 | Rs. 10,00,960 |
Additional Read: Difference Between NFO and IPO
The following table highlights the financial statements of TBO Tek Limited for the previous three financial years:
Particulars | For the Financial Year Ending (Rs. In Millions) | ||
March 31, 2023 | March 31, 2022 | March 31, 2021 | |
Total Assets | 25,579.25 | 12,714.26 | 5,761.62 |
Total Liabilities | 22,207.33 | 10,395.22 | 3,720.91 |
Total Expenses | 9,144.17 | 4,704.64 | 1,768.08 |
Total Revenue | 10,857.71 | 5,119.28 | 1,765.49 |
Profit/Loss After Tax | 1,484.9 | 337.17 | (341.44) |
EBITDA | 1,818.45 | 287.41 | (226.89) |
These are some of the strengths of TBO Tek Limited:
These are some of the risks involved with the business of TBO Tek Limited:
If you are deciding to apply for TBO Tek Limited IPO, make sure you have read all the details from the RHP document. To apply for this IPO or any other upcoming IPOs, it is mandatory to have a demat account. If you do not have one, open it with us for free and enjoy hassle-free IPO applications.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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The size of TBO Tek Limited IPO is worth Rs. 1,550.81 crore.
Axis Capital Limited, Goldman Sachs (India) Securities Private Limited, Jm Financial Limited and Jefferies India Private Limited are book-running lead managers of TBO Tek Limited IPO.
Augusta TBO, Gaurav Bhatnagar, LAP Travel, Manish Dhingra and TBO Korea are the main shareholders who are selling their stakes in TBO Tek Limited IPO.
The minimum investment amount for retail investors is Rs. 14,720 (at the upper price band) in the TBO Tek Limited IPO.
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