TBO Tek Limited IPO

TBO Tek Limited IPO is listed on BSE and NSE, priced at ₹875–₹920 per share. The stock debuted at ₹1426, delivering a listing gain of 55.0%. The IPO had a lot size of ₹16 shares and a minimum investment of ₹14,720.

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TBO Tek Limited IPO

Mainboard Listed
₹14,720 (16 Shares)
Minimum Investment
Check Allotment
IPO Dates
May 8, 2024 – May 10, 2024
Price band
₹875-920 per equity share
Minimum Investment
₹14,720
Issue size
₹1550.81 Cr
Lot size
16
Allotment Date
May 13, 2024
Listing
May 15, 2024
Listing At
BSE, NSE

  1. May 8, 2024

    Open Date

    Completed

  2. May 10, 2024

    Close Date

    Completed

  3. May 13, 2024

    Allotment Date

    Completed

  4. May 15, 2024

    Listing Date

    Completed

Price Summary

Last closing
1,170.00 (27.17%)
52 week high
1,764.80
52 week low
1,004.20
Last update

TBO Tek Limited IPO Essentials

TBO Tek Limited IPO Details

TBO Tek Limited IPO is priced at ₹875-920 per share with a total issue size of 1550.81 crore. The IPO has a lot size of 16 shares and is listed on BSE and NSE.

Issue price
₹875-920 per equity share
Lot size
16 shares
Face value
₹1 Per Equity Share
Issue size
Total ₹1,550.81 Cr :
#Fresh Issue : 4,347,826 shares(aggregating up to ₹400 Cr) +
#OFS : 12,508,797 shares of ₹1(aggregating up to ₹1,150.81 Cr)
Total issue size
1,68,56,623 shares
(aggregating up to ₹1550.81 crore)
Fresh issue
43,47,826 shares
(aggregating up to ₹400 crore)
Offer for sale (OFS)
1,25,08,797 shares
(aggregating up to ₹1150.81 crore)
Listing at
BSE, NSE
List price
1426.0(NSE)
Listing date
Registrar
Kfin Technologies Limited
Lead manager
Axis Capital Limited, Jefferies India Private Limited

Market Lot Size

Investors can bid for a minimum of 16 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (min) 1 16 ₹14,720
Retail(max) 13 208 ₹1,91,360

TBO Tek Limited IPO Documents

DRHP

RHP

ANCHOR

TBO Tek Limited IPO Reservation

TBO Tek Limited IPO reservation details show category-wise allocation of shares. Out of the total 16,856,623 shares, approximately 29.94% are reserved for QIB, 14.97% for NII, 9.98% for retail investors, and 44.91% for anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 7,570,807 (44.91%)
QIB Shares Offered 5,047,204 (29.94%)
NII (HNI) Shares Offered 2,523,602 (14.97%)
bHNI > ₹10L 1,682,401 (9.98%) 7,510
sHNI < ₹10L 841,201 (4.99%) 3,755
Retail Shares Offered 1,682,401 (9.98%) 105,150
Total Shares Offered 16,856,623 (100%)

TBO Tek Limited IPO Analytics

TBO Tek Limited IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.

TBO Tek Limited IPO Subscription Status

TBO Tek Limited IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.

The IPO subscription status indicates investor demand across categories.

As on QIB
NII
bHNI
sHNI
 Retail Total
Shares Offered / Reserved 5,047,204
2,523,602
1,682,401
841,201
1,682,401 9,285,816
Day 1 08-05-24 05:00 PM
0.01 x
2.08x
1.95x
2.36x
3.14 x 1.15 x
Day 2 09-05-24 05:00 PM
0.17 x
8.19x
7.91x
8.73x
10.01 x 4.15 x
Day 3 10-05-24 05:00 PM
125.51 x
50.30x
55.82x
39.27x
24.29 x 86.35 x

Anticipated Subscription on the basis of Applications

Total No. of Applications
bHNI sHNI Retail
22,52,663 (Approx) —x —x 21.51x

Subscription levels combined with expected premium trends indicate overall market sentiment and possible listing expectations for the IPO.

TBO Tek Limited Valuations

Earnings

EPS Pre IPO
₹14.25/-
EPS Post IPO
₹18.93/-
P/E Pre IPO
64.58
P/E Post IPO
48.60

Returns

RoNW
30.76%

Fundamentals

Price / Book
18.66

Data sourced from DRHP / RHP • For educational purposes only

TBO Tek Limited Financials( In Crs.)

31-Dec-23 31-Mar-23 31-Mar-22 31-Mar-21
Assets 3,754.05 2,557.93 1,271.43 576.16
Revenue 1,039.56 1,085.77 511.93 176.55
Profit After Tax 154.18 148.49 33.72 -34.14
Net Worth 501.21 337.19 231.90 204.07
Reserves & Surplus 478.43 317.57 214.08 197.58
Total Borrowing 2.93 6.36 2.69 N/A

TBO Tek Limited financials show revenue growth and profitability trends over recent years, indicating business stability.

TBO Tek Limited Company & Offer Insights

About TBO Tek Limited

Established in 2006, TBO Tek Limited, formerly known as Tek Travels Private Limited, is a travel distribution platform that offers travel inventory according to the needs of its customers and supports a wide range of currencies along with forex help.

The company simplifies the travel business for suppliers such as hotels, airlines, car rentals, transfers, cruises, insurance, rail companies, and others, as well as for retail customers such as travel agencies and independent travel consultants, and corporate customers such as tour operators, travel management companies, online travel companies, super apps and loyalty apps through our two-sided technology platform that enables suppliers and customers to connect seamlessly.

The company's platform enables sellers to show and market their inventory and set prices for buyers. For buyers, the platform is an integrated, multi-currency, and multi-lingual, one-stop solution that helps them discover and book travel to destinations around the world, across various travel segments such as leisure, business and religious travel.

As at December 31, 2023, the company had sold over 7,500 destinations in more than 100 countries and employed over 2,000 people.

TBO Tek Limited Promoter(s)

Ankush Nijhawan, Gaurav Bhatnagar, Manish Dhingra, Arjun Nijhawan are the company's promoters of TBO Tek Limited.

Pre-Issue Holding
51.26%
Post-Issue Holding
N/A%

TBO Tek Limited IPO Issue Objectives

•
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
•
Leveraging data procured to offer bespoke travel solutions to our Buyers and Suppliers.

TBO Tek Limited IPO - Anchor Investors

TBO Tek IPO: Anchor investors picks Rs 696.5 Crores.

Global investors including Abu Dhabi Investment Authority, Government Pension Fund Global, Neuberger Berman Investment Funds, Nomura Funds, Blackrock Global Funds, Fidelity Funds, Goldman Sachs, HSBC Global, and Eastspring Investments became the shareholders of the company by investing in anchor book.

Domestic mutual fund houses like ICICI Prudential Mutual Fund, Kotak Mahindra Trustee, Nippon Life India, SBI Mutual Fund, Axis Mutual Fund, Franklin India, Mirae Asset, Whiteoak Capital, Bandhan Mutual Fund, Canara Robeco Mutual Fund, and DSP Multicap Fund also bought shares in the company.

Insurance majors ICICI Prudential Life Insurance, SBI Life Insurance, Aditya Birla Sun Life Insurance, Kotak Mahindra Life Insurance, and Max Life Insurance, too, picked a stake in the company.

TBO Tek Limited IPO - Peers Comparison

Company Name EPS (Basic) EPS (Diluted) NAV (per share) (Rs) P/E (x) RoNW (%) P/BV Ratio Financial statements
TBO Tek Limited 14.21 14.07 33.22 N/A 44.04 N/A Consolidated
Rategain Travel Technologies Limited 6.29 6.33 65.67 113.31 9.64 N/A Consolidated
Travel CTM 28.14 28.04 425.2 28.34 6.62 N/A Consolidated
Webjet Ltd 2.01 2.01 115.95 213.16 1.74 N/A Consolidated

Notes:

  1. The P/E Ratio for the listed industry peer has been computed based on the closing market price of equity shares, on NSE for Indian peers and ASX for Global peers, as of April 26, 2024, divided by the diluted EPS for the year ended March 31, 2023.
  2. Return on Net worth attributable to the owners of the company (%) = Restated profit for the period/year attributable to equity holders of the parent / Net worth attributable to the company as at the end of the period/year.
  3. Net Asset Value per Equity Share = Net worth / Weighted average number of equity shares outstanding as at the end of year/period.
  4. Reported figures for global peers in AUD converted at AUD: INR rate of 53.

TBO Tek Limited IPO - Strengths and Risks

TBO Tek Limited IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.

Strengths

The platform of TBO TEK Limited generates a network effect that strengthens value propositions for partners by promoting interconnected flywheels. By increasing the number of buyers, the business draws in more suppliers, which leads to improved pricing, a greater selection of suppliers, and a rise in the volume of transactions. This beneficial cycle ensures continued growth by constantly enhancing the network of partners among suppliers and buyers.
The scalable and flexible technological platform of the company facilitates the seamless integration of new travel goods, markets, and business lines. TBO TEK Limited has effectively penetrated and grown in several markets by utilising this technology, resulting in notable increases in Gross Transaction Value (GTV) in various geographical areas.
With a capital-efficient company strategy, TBO TEK Limited produces robust cash flows and exhibits long-term growth. By means of well-timed acquisitions such as Island Hopper and BookaBed A.G., the company broadens its network of partners, strengthens its market standing, and generates value by providing a variety of travel goods across several source markets. In addition, the company's emphasis on growing its worldwide base of buyers and suppliers offers profitable development prospects in developing economies and supplementary services.

Risks

A sizeable amount of TBO TEK Limited's revenue comes from hotel and ancillary reservations, on which it depends heavily. Any elements that have a negative effect on hotel reservations or the demand for air travel, such unstable economies, security worries, or international conflicts, might have a detrimental effect on the company's operations and financial results.
Pricing pressure is coming from suppliers to TBO TEK Limited. These suppliers could change commission arrangements or withhold goods for exclusive distribution channels. If service prices aren't raised to compensate for a supplier's reduction in commissions or fees, income may fall and there's a chance that buyers won't come through, which lowers GTV. Additionally, the company's competitiveness may be impacted by airline Suppliers' more enticing terms through direct distribution channels.
The business has unreported contingent liabilities that might negatively impact its financial situation if they come to pass. Furthermore, TBO TEK Limited's business operations and financial situation might be negatively impacted by any failure to maintain or upgrade the proprietary technology that is necessary for essential business tasks. This could lead to service interruptions or worse service quality.

Contact Information

Contact Details

TBO Tek Limited

+91 124 499 8999

corporatesecretarial@tbo.com

http://www.tbo.com/

E - 78,South Extension Part I, New Delhi - 110 049

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

tbo.ipo@kfintech.com

https://kosmic.kfintech.com/ipostatus/

Frequently Asked Questions

Click any question to reveal the answer

TBO Tek Limited IPO is a book-built IPO worth ₹1550.81 crore. The price band is ₹875–₹920 per share. The IPO opens on May 8, 2024 and closes on May 10, 2024. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.

The price band of TBO Tek Limited IPO is ₹875 to ₹920 per share.

The lot size of TBO Tek Limited IPO is 16 shares.

The minimum investment for TBO Tek Limited IPO is approximately ₹14,720 based on the upper price band .

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

The allotment date of TBO Tek Limited IPO is May 13, 2024.

TBO Tek Limited IPO is expected to be listed on May 15, 2024, on BSE and NSE .

TBO Tek Limited IPO listed on May 15, 2024. It was issued at ₹1426.0(NSE) and is currently around ₹1170.00 as on 14-May-2026 3:30 PM, which is approximately 27.2% versus issue price. The 52-week high is ₹1,764.80.

Based on listing and post-listing performance, TBO Tek Limited IPO delivered around 27.2% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.

To buy TBO Tek Limited IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.

TBO Tek Limited IPO valuation snapshot: P/E 48.60, EPS ₹18.93/-, P/B 18.66, RoNW 30.76%, and market cap N/A.

To apply for TBO Tek Limited IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.

You can check the live subscription status of TBO Tek Limited IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.

Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.

If you pre-apply for TBO Tek Limited IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.

You can check TBO Tek Limited IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the TBO Tek Limited IPO allotment status on IPO Ji for quick and easy access.