TBO Tek Impresses with 55% Premium Listing

on Market Debut

Share Market Today

TBO Tek made a strong debut on May 15, listing at Rs 1,426 on NSE. This marks a 55% premium over its issue price of Rs 920.

The IPO was highly successful, subscribed over 86 times. Investors bid for 80.50 crore shares against 80.50 lakh shares available.

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Qualified Institutional Buyers (QIBs) showed immense interest, subscribing 125 times their allotted portion. Non-Institutional Investors (NIIs) subscribed 50.60 times their quota.

TBO Tek raised Rs 1,550.81 crore. Proceeds will enhance growth, strengthen the platform, and fund acquisitions. The company also raised Rs 696.51 crore via its anchor book.

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