TBO Tek IPO
TBO Tek IPO open for bidding on 8th May 2024, and ends on 10th May 2024.
TBO Tek, founded in 2006 during India’s rapid aviation expansion, has transformed from a straightforward solution for booking airline tickets to a leading force in the global travel distribution market. As of Fiscal 2023, the company not only operates in over 100 countries but also boasts significant Gross Transaction Value (GTV) and revenue from operations. It serves as a vital link between travel suppliers—including airlines, hotels, and car rentals—and a varied clientele ranging from travel agencies to large enterprises.
The technology platform developed by TBO Tek addresses the needs of a fragmented global market by offering multi-currency and multi-lingual support, facilitating effortless bookings across various travel sectors such as leisure, corporate, and religious travel. It utilizes two main revenue models: a B2B Rate Model, where TBO applies a markup to supplier inventory before resale, and a Commission Model, where TBO earns a commission on direct sales, part of which is shared with the buyers.
TBO Tek has become an essential technological facilitator, servicing both suppliers and buyers across more than 100 countries as of the end of 2023. This robust positioning underscores TBO Tek’s role as a leader in global travel distribution, poised for ongoing growth and technological advancement.
For more details refer to TBO Tek IPO RHP
TBO Tek IPO Details
| IPO Date | 8th May 2024 to 10th May 2024 |
| Listing Date | 15th May 2024 |
| Face Value | ₹1 per share |
| Price Band | ₹875 to ₹920 per share |
| Lot Size | 16 Shares |
| Total Issue Size | 1,68,56,623 shares (aggregating up to ₹1,550.81 Cr) |
| Fresh Issue | 43,47,826 shares (aggregating up to ₹400.00 Cr) |
| Offer for Sale | 1,25,08,797 shares of ₹1 (aggregating up to ₹1,150.81 Cr) |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | 75,70,807(44.9%) |
| QIB | 50,47,205(29.9%) |
| NII | 25,23,602(15%) |
| bNII | 16,82,402(10%) |
| sNII | 8,41,200(5%) |
| Retail | 16,82,401(10%) |
| Employees | 32,608(0.2%) |
| Total | 1,68,56,623(100%) |
TBO Tek IPO Timeline
| IPO Open | 8th May 2024 |
| IPO Close | 10th May 2024 |
| Basis Of Allotment | 13th May 2024 |
| Initiation of Refunds | 14th May 2024 |
| Credit of Shares to Demat | 14th May 2024 |
| Listing Date | 15th May 2024 |
Fundamentals
Data as of 31st December 2023
| Market Cap | ₹9,990.08 Cr | P/E Ratio- Pre IPO | 64.58 |
| RoNW% | 30.76 | P/E Ratio- Post IPO | 48.6 |
| RoCE | – | P/B Ratio | 18.66 |
| Debt to Equity | – | PAT Margin% | – |
TBO Tek IPO Objectives
Company proposes to utilise the Net Proceeds towards funding of the following objects:
- Expansion of the Supplier and Buyer base;
- Amplification of value of our platform by adding new lines of businesses;
- Inorganic growth through selective acquisitions and building synergies with our existing platform; and
- Leveraging data procured to offer bespoke travel solutions to our Buyers and Suppliers.
