TBO Tek Ltd IPO
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TBO Tek Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 168.57 L | ₹ 125.09 L | ₹ 16.82 L | ₹ 534.33 L | BSE | ₹ 1550.81 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 08 May, 24 | 10 May, 24 | 16 | ₹ 14,000 | Book Building | 15 May, 24 |
TBO Tek Ltd IPO Dates
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* | Shares Bid* |
|---|---|---|---|
| QIB | 50.2x | 12618011 | 633476128 |
| NII | 50.6x | 2523602 | 127701168 |
| Retail | 25.74x | 1682401 | 43313136 |
| Employee | 17.82x | 32609 | 581008 |
| Total | 47.76x | 16856623 | 805071440 |
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) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 1,392.82 | 1,064.59 | 483.27 |
| EBITDA | 102.02 | 102.60 | 69.76 |
| PAT | 47.18 | 51.70 | 31.41 |
| Total Assets | 849.40 | 721.85 | 558.41 |
| Share Capital | 10.42 | 10.42 | 10.42 |
| Total Borrowings | 143.38 | 134.83 | 85.34 |
| Operating Activities (Net Cash) | 66.58 | 68.07 | 45.04 |
| Investing Activities (Net Cash) | 16.08 | 16.32 | 16.09 |
| Financing Activities (Net Cash) | 143.38 | 134.83 | 85.34 |
| Net Cashflow | 355.68 | 277.33 | 267.94 |
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.
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.
Peer Comparison:
- No Listed Industry Peers
- 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
- 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.
- 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.
How To Apply for TBO Tek Ltd IPO 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.