TBO Tek Ltd

TBO Tek Limited operates an online B2B travel distribution platform that provides a wide range of offerings and connects Buyers and Suppliers. The Company simplifies the business of travel by centralizing transactions on a single user-friendly platform. By using its platform suppliers such as hotels, airlines, car rentals, transfers, cruises, insurance, rail and others can connect with buyers such as travel agencies, independent travel advisors, tour operators, travel management companies, online travel companies, superapplications and loyalty applications thereby streamlining the entire process. Instead of dealing with multiple platforms and systems, Buyers and Sellers can use its single platform to conduct transactions. Suppliers are able to display, market and decide price for the Buyers who in turn discover and book travel for destinations worldwide, across various travel segments such as leisure, corporate and religious travel through an integrated, multi-currency and multi-lingual one-stop solution through its platform.

Open Demat Account

50years

TBO Tek Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
168.57 L125.09 L16.82 L534.33 LBSE₹ 1550.81 Cr
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
08 May, 2410 May, 2416 ₹ 14,000 Book Building15 May, 24

TBO Tek Ltd IPO Details

TBO Tek Ltd IPO Dates

  • 08 May 2024

    Opening date

  • 10 May 2024

    Closing date

  • 13 May 2024

    Basis of
    Allotment

  • 14 May 2024

    Initiation of
    Refunds

  • 14 May 2024

    Credit of
    Shares

  • 15 May 2024

    Listing date

Details

SectorType
SectorTravel Agencies
Sub SectorNA
Issue TypeBook Building

Subscription Status

*Values are in Lakhs

Investor TypeSubscription Times
QIB125.51x
NII50.6x
Retail25.74x
Employee17.82x
Total86.7x

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

TBO Tek Ltd Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations86.2356.1324.19
EBITDA102.6069.7634.87
PAT51.7031.419.30
Total Assets721.85558.41345.58
Share Capital10.4210.421.90
Total Borrowings134.8385.3465.47
Operating Activities (Net Cash)68.0745.0419.98
Investing Activities (Net Cash)16.3216.0915.78
Financing Activities (Net Cash)134.8385.3465.47
Net Cashflow277.33267.94232.44

Particulars (in Rs. Crores)

Revenue from operations

EBITDA

PAT

Total Assets

Share Capital

Total Borrowings

Operating Activities (Net Cash)

Investing Activities (Net Cash)

Financing Activities (Net Cash)

Net Cashflow

About TBO Tek Ltd

TBO Tek Limited was incorporated as `Tek Travels Private Limited' in New Delhi as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated November 6, 2006, issued by the Registrar of Companies, Delhi and Haryana at New Delhi (RoC). Thereafter, the name of the Company was changed to `TBO Tek Private Limited' and a fresh certificate of incorporation dated October 22, 2021 was issued by the RoC. Subsequently, the Company was converted into a public limited company and the name of the Company was changed to `TBO Tek Limited' and a fresh certificate of incorporation dated November 3, 2021 was issued by the RoC.

In 2023 the travel and tourism industry recovered, growing 18.2% year-on-year from 2022 to reach US$ 1.9 trillion, and expected to grow at a CAGR of 8.2% to reach US$ 2.6 trillion in 2027. New age travel distribution platforms, connect a large and heterogenous audience of retail and enterprise travel buyers to a diverse group of travel suppliers (hotels, airlines, transfers amongst others) enabling a comprehensive range of transactions between the retail and enterprise travel buyers on the platform. Travel distribution platforms provide a large audience of buyers to the supplier community while providing global inventory reach to travel buyers.

Peer Comparison:

  • TBO Tek Ltd
  • Rategain Travel Technologies Ltd

TBO Tek Ltd IPO Key Points

Strengths

  • Platform creating network effect with interlinked flywheels to enhance value proposition for partners.
  • Modular and scalable proprietary technology platform allowing addition of new lines of business, markets, and travel products
  • Ability to generate and leverage large data assets.
  • Data driven decision making across the enterprise.
  • Founders' led company supported by experienced professional management team with deep travel and technology expertise.

Risk

  • 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.
  • 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.
  • 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.

Strategy

  • Expand Buyer and Supplier base.
  • Continue to amplify the value of its platform.
  • Grow its operations through selective acquisitions.
  • Use data as a corporate currency.

TBO Tek Ltd IPO Key Points

  • Platform creating network effect with interlinked flywheels to enhance value proposition for partners.
  • Modular and scalable proprietary technology platform allowing addition of new lines of business, markets, and travel products
  • Ability to generate and leverage large data assets.
  • Data driven decision making across the enterprise.
  • Founders' led company supported by experienced professional management team with deep travel and technology expertise.
  • 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.
  • 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.
  • 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.
  • Expand Buyer and Supplier base.
  • Continue to amplify the value of its platform.
  • Grow its operations through selective acquisitions.
  • Use data as a corporate currency.

How To Apply for TBO Tek Ltd Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

Get your FAQs right

TBO Tek Ltd's IPO offers shares for up to ₹ 0 L It begins on May 8, 2024 and ends on May 10, 2024.

The price of TBO Tek Ltd IPO ranges between ₹875 to ₹920 per share.

The TBO Tek Ltd IPO opens on May 8, 2024 and closes on May 10, 2024.

The allotment for the TBO Tek Ltd IPO will be finalised on May 13, 2024. The shares will be listed on BSE and NSE on May 15, 2024.

The minimum lot size for TBO Tek Ltd IPO is 16 shares, priced between ₹875 to ₹920 per share.

The GMP (Grey Market Premium) of TBO Tek Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of TBO Tek Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The TBO Tek Ltd IPO is getting listed on the BSE and NSE. Bidding opens on May 8, 2024, and closes on May 10, 2024. The allotment is finalised on May 13, 2024.

To apply for the TBO Tek Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.