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TBO Tek Ltd IPO

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.

TBO Tek Ltd IPO Details

Total Shares Offered

₹ 1,68,56,623

Offer to Public

1,25,08,797

Retail Max (Shares)

₹ 16,82,401

Pre Issue Promoters Holding

₹ 5,34,33,326

Exchange

BSE

Issue size

₹ 1550.81 Cr

IPO Open Date

May 8, 2024

Close Date

May 10, 2024

Lot Size

Min Investment

₹ 14,000

Issue Type

Book Building

Listing Date

May 15, 2024

TBO Tek Ltd IPO Dates

May 8, 2024

Opening date

May 10, 2024

Closing date

May 13, 2024

Basis of Allotment

May 14, 2024

Initiation of Refunds

May 14, 2024

Credit of Shares

May 15, 2024

Listing date

Details

Sector	Type
Sector	Travel Agencies
Sub Sector	NA
Issue Type	Book Building

Subscription Status

*Values are in Lakhs

Investor Type	Subscription Times	Shares Offered*
QIB	0x	12618011
NII	0x	2523602
Retail	0x	1682401
Employee	0x	32609
Total	0x	16856623

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

12618011

2523602

1682401

32609

16856623

TBO Tek Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	1,737.47	1,392.82	1,064.59
EBITDA	111.94	102.02	102.60
PAT	56.82	47.18	51.70
Total Assets	1,224.68	849.40	721.85
Share Capital	10.86	10.42	10.42
Total Borrowings	105.72	143.38	134.83
Operating Activities (Net Cash)	73.80	66.58	68.07
Investing Activities (Net Cash)	13.53	16.08	16.32
Financing Activities (Net Cash)	105.72	143.38	134.83
Net Cashflow	710.35	355.68	277.33

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:

No Listed Industry Peers
Rategain Travel Technologies Ltd

TBO Tek Ltd 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

The novel coronavirus (COVID-19) pandemic has had and is expected to continue to have an adverse effect on its business, financial condition and results of operations.

Its revenue is substantially derived from the worldwide travel and tourism industry and factors that negatively impact that industry could have a material adverse effect on its business, prospects, financial condition and results of operations.

Its business depends on its relationships with a broad range of Suppliers, and any adverse changes in these relationships, or its inability to enter into new relationships, could negatively 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.

How To Apply for TBO Tek Ltd IPO Online?

Step 1:

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.

FAQs on IPO (Initial Public Offering)

What is the issue size of the TBO Tek Ltd IPO?

TBO Tek Ltd's IPO offers shares for up to 400 It begins on May 8, 2024 and ends on May 10, 2024.

What is the price of the TBO Tek Ltd IPO?

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

What are the open and close dates for the TBO Tek Ltd IPO?

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

When will the TBO Tek Ltd IPO be allotted?

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.

What is the minimum lot size required for TBO Tek Ltd IPO?

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

What is the GMP of TBO Tek Ltd IPO?

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

How do you check the allotment status of TBO Tek Ltd IPO?

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.'

Where is the TBO Tek Ltd IPO getting listed?

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.

How do you apply for the TBO Tek Ltd IPO?

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.