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TBO Tek Ltd

E-Commerce/App based Aggregator

Offer Period :

8th to 10th May 2024

TBO TEK Limited, founded in 2006, is a global travel distribution platform filing for a Rs 21,000 crore IPO. Read more... Offering simplified air ticket booking for travel agents, they serve suppliers like hotels, airlines, and retail buyers across 100+ countries, ranking second in BSP in India.Read less

TBO Tek Ltd IPO Details

IPO Date 8th to 10th May 2024 Minimum Investment ₹14720 / 1 Lots
Listing Date 2024-05-15 Maximum Investment ₹191360 / 13 Lots
Face Value ₹1 per share Total Issue Size ₹1550.81 Crores
Price ₹920 to ₹920 per share Fresh Issue ₹400 Crores
Lot Size 1 Lots (16 Shares) Offer For Sale ₹ 1150.81
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 8th to 10th May 2024
Listing Date 2024-05-15
Face Value ₹1 per share
Price ₹920 to ₹920 per share
Lot Size 1 Lots (16 Shares)
Listing At BSE, NSE
Employee Discount ₹0 per share
Minimum Investment ₹14720 / 1 Lots
Maximum Investment ₹191360 / 13 Lots
Total Issue Size ₹1550.81 Crores
Fresh Issue ₹400 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

8th May

IPO Starts

10th May

IPO Ends

13th May

Allotment Date

14th May

Initiation of Refund

14th May

Credit of Shares to Demat Account

15th May

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 51.26 0
Public Group 48.74 0

TBO Tek Ltd IPO Reservation

QIB Shares Offered 5047204(29.94%)
NII (HNI) Shares Offered 2523602(14.97%)
Retail Shares Offered 1682401(9.98%)
Anchor Investor Shares Offered 7570807(44.91%)
Total Shares Offered 16856624
Total Shares With Anchor Investor 16856624

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

TBO Tek Ltd IPO Registrar

KFin Techologies Ltd
Phone Number +91 40 6716 2222
Email Id tbo.ipo@kfintech.com
Our Website www.kfintech.com

TBO Tek Ltd IPO Lead Manager

1. Axis Capital Ltd

2. Goldman Sachs (India) Securities Pvt Ltd

3. Jefferies India Pvt Ltd

4. JM Financial Ltd

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TBO Tek Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of TBO Tek Ltd

1. Platform creating network effect with interlinked flywheels to enhance value proposition for partners.

2. Modular and scalable proprietary technology platform allowing addition of new lines of business, markets, and travel products

3. Ability to generate and leverage large data assets.

4. Data driven decision making across the enterprise.

5. Founders' led company supported by experienced professional management team with deep travel and technology expertise.

6. Capital efficient business model with a combination of sustainable growth.

Risks Involved

1. Its revenue is substantially dependent on the hotels and ancillary bookings whose contribution has significantly increased from 35.69% of its revenue from operations for Fiscal 2021 to 67.83% for Fiscal 2023 and was 67.59% and 72.47%, respectively, for the nine months ended December 31, 2022 and December 31, 2023. In addition, all of its GTV is entirely dependent on its air and hotels and ancillary bookings in the last three Fiscals and in the nine months ended December 31, 2022 and December 31, 2023, respectively. Factors that may negatively impact its hotels and ancillary bookings could have an adverse effect on its business, prospects, results of operations and financial condition.

2. Its business depends on the company's relationships with a limited range of Suppliers, and any adverse changes in such relationships, or its inability to enter into new relationships, could adversely affect its business and results of operations.

3. The company's business is exposed to pricing pressure from its Suppliers who may withhold inventory or modify the terms of its arrangements, including for a reduction or elimination of commission, incentive or other compensation payable to it, which could adversely affect its business and results of operations.

4. The company has certain contingent liabilities that have not been provided for in its financial statements, which if they materialize, may adversely affect its financial condition.

5. The company depends on its proprietary technology for critical functions of the company's business. Failure to properly maintain or promptly upgrade its technology may result in disruptions to or lower quality of its services and the company's business, results of operations and financial condition may be adversely affected.

6. The Company and Joint Managing Directors, namely Ankush Nijhawan and Gaurav Bhatnagar, have received a show cause notice from the Enforcement Directorate and compounding applications are in the process of being filed with the Reserve Bank of India. Consequently, its may be subject to regulatory actions and penalties/compounding fees for such non-compliance which may adversely impact its business, financial condition and reputation.

7. The company operates in a highly competitive industry and its inability to compete effectively may adversely affect its business and results of operations.

8. The company does not have any exact comparable listed peers in India or abroad. Accordingly, valuation of the Company as compared with other listed Indian platforms operating in the travel industry, global companies operating in travel industry and other online platforms listed in India, may not be comparable and could be higher on account of certain aspects.

9. Failures of the third-party data center hosting facilities could impair the delivery of its services and solutions and adversely affect the company's business.

10. Its Offer price of Rs. [*] is at a premium of [*] times to the price at which our existing shareholders, namely Augusta TBO and TBO Korea, have sold Equity Shares to General Atlantic in October 2023 and February 2024.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023 2022
Total Assets 4857.43 2557.93 1271.43
Total Liabilities 4857.43 2557.93 1271.43
Total Expenses 1181.37 914.42 470.46
Total Revenue 
1415.48 1085.77 511.93
Profit After Tax 202.15 144.25 33.72
EBITDA 273.72 205.92 65.25
Adjusted EBITDA 0 0 0

TBO Tek Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-05-15 544174 TBOTEK
INE673O01025
₹920 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹920 ₹920
Open ₹1380 ₹1426
Low ₹1275 ₹1275
High ₹1455.95 ₹1455.95
Low ₹1275 ₹1275

Frequently Asked Questions

What is TBO Tek Ltd IPO?

Answer Field

TBO Tek Ltd IPO is a Mainboard IPO of 1,68,56,624 equity shares of a face value of ₹1 aggregating up to ₹1550.81 Crores. The issue is priced at ₹920 to ₹920 per share. The minimum order quantity is 16 Shares. The IPO opens on May 08, 2024, and closes on May 10, 2024. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When TBO Tek Ltd IPO will open?

Answer Field

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

What is the lot size of TBO Tek Ltd?

Answer Field

TBO Tek Ltd lot size is 16 shares, and the minimum amount required is ₹14,720.

How to apply for TBO Tek Ltd IPO?

Answer Field

You can apply in TBO Tek Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is TBO Tek Ltd IPO allotment?

Answer Field

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

When is TBO Tek Ltd IPO listing date?

Answer Field

The TBO Tek Ltd listing date is May 15, 2024.

Who is the registrar of TBO Tek Ltd IPO?

Answer Field

The registrar of TBO Tek Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Axis Capital Ltd,Goldman Sachs (India) Securities Pvt Ltd,Jefferies India Pvt Ltd,JM Financial Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of TBO Tek Ltd IPO?

Answer Field

The fresh issue size is ₹400 Crores equity shares.

What minimum lot size can retail subscribers subscribe to TBO Tek Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 16 shares and ₹14,720 amount.

How can I approve the UPI mandate request for TBO Tek Ltd IPO?

Answer Field

To apply for TBO Tek Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of TBO Tek Ltd?

Answer Field

The price of each TBO Tek Ltd share will be ranging in between ₹920 to ₹920 per share.

What is the cut-off time for the UPI mandate for TBO Tek Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, May 10, 2024.

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