TBO TEK IPO Details
TBO TEK Limited serves as a travel distribution platform operating across 100 countries, offering comprehensive travel inventory and forex assistance to buyers. Their innovative two-sided technology platform facilitates seamless transactions between suppliers and buyers. Suppliers encompass various entities such as hotels, airlines, car rentals, transfers, cruises, insurance, rail, and more. Retail buyers, including travel agencies and independent advisors, along with enterprise buyers such as tour operators, travel management companies, online travel firms, super-apps, and loyalty apps, form the clientele.
Established in 2006, TBO Tek Limited stands as a leading player in the global travel and tourism industry, boasting extensive geographical coverage and a diverse range of offerings. They streamline travel operations for both suppliers and buyers, simplifying processes and enhancing efficiency.
The company operates on two primary revenue models: the B2B Rate Model involves applying a mark-up on inventory received from suppliers before passing it on to buyers, while the Commission Model sees suppliers determining end-traveler prices, with the company earning commission shared between themselves and the buyers. This dual approach ensures flexibility and profitability in their transactions, cementing TBO Tek Limited’s position as a key player in the travel distribution sector.
TBO TEK IPO Date, Price, GMP, Review, Analysis & Details
| ipo Date | 8 May – 10 May 2024 |
| Min. Investment | ₹14,720 |
| Lot Size | 16 |
| Price Range | ₹875 – ₹920 |
| Issue Size | 1550.81 Cr |
| IPO Doc | View |
TBO TEK IPO Apply details
For the TBO TEK IPO, eligible investors have the option to apply through 3 categories:
1. Regular: In the Regular category, investors can apply within the price band of ₹875 to ₹920, with the maximum application amount set at ₹2 lakh.
2. Employee: In the Employee category, Employees can apply within the price band of ₹875 to ₹920, with the maximum application amount set at ₹2 lakh.
3. High Networth Individuals (HNIs): HNIs apply within the same price band of ₹875 to ₹920 but have the flexibility to apply for amounts ranging from ₹2 lakh to ₹5 lakh.
TBO TEK IPO Allotment & Listing Date
| TBO TEK IPO | Date |
|---|---|
| IPO Offer Start | 08 May 2024 |
| IPO Offer Ends | 10 May 2024 |
| Allotment Finalisation | 13 May 2024 |
| Refund Initialisation | 14 May 2024 |
| Share Transfer to Demat | 14 May 2024 |
| Date of Listing | 15 May 2024 |
Anchor Investors Lock-In End Date (50% of the investment) June 13, 2024
Anchor Investors Lock-In End Date (Remaining investment) August 13, 2024
TBO TEK LTD Financial Revenue & Profit Report
| Year | Revenue | Total Assets | Profit (PAT) |
|---|---|---|---|
| 2021 | ₹142 | 576 | -34 |
| 2022 | ₹483 | 1,271 | 34 |
| 2023 | ₹1,065 | 2,588 | 148 |
TBO TEK IPO Advantages & Disadvantages
Advantages:
Disadvantages:
TBO TEK IPO: Details of the OFFER TO THE PUBLIC
Type : Fresh Issue and Offer for Sale
THE PROMOTERS OF TBO TEK LTD COMPANY
- ANKUSH NIJHAWAN
- GAURAV BHATNAGAR
- MANISH DHINGRA
- ARJUN NIJHAWAN AND
- LAP TRAVEL PRIVATE LIMITED
Details of the OFFER FOR SALE by the Selling Shareholders
| Name of Selling Shareholders | Type | No. of Equity Shares Offered | WACA per Equity Share (in ₹) |
|---|---|---|---|
| Gaurav Bhatnagar | Promoter Selling Shareholder | Up to 2,033,944 Equity Shares | 1.95 |
| Manish Dhingra | Promoter Selling Shareholder | Up to 572,056 Equity Shares | 0.08 |
| LAP Travel | Promoter Selling Shareholder | Up to 2,606,000 Equity Shares | 0.04 |
| TBO Korea | Investor Selling Shareholder | Up to 2,637,040 Equity Shares | – |
| Augusta TBO | Investor Selling Shareholder | Up to 4,659,757 Equity Shares | – |
REGISTERED AND CORPORATE OFFICE
E-78, South Extension Part I,
New Delhi (110049), India
E-MAIL & TELEPHONE Details
Email: corporatesecretarial@tbo.com
Telephone: +91 124 499 8999
Website: www.tbo.com
