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TBO Tek Limited IPO

TBO Tek Limited IPO

TBO Tek IPO opens for subscription on May 8, 2024 and closes on May 10, 2024. The allotment for the TBO Tek IPO is expected to be finalized on Monday, May 13, 2024. TBO Tek IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, May 15, 2024.

IPO Size: 16,856,623 shares (1,550.81 Cr) Fresh Issue: 4,347,826 shares (400.00 Cr) Offer for Sale (OFS): 12,508,797 shares (1,150.81 Cr) Subscription Dates: May 8, 2024 to May 10, 2024 Expected Allotment: Monday, May 13, 2024 Listing Date (Tentative): May 15, 2024 Price Band: ₹875 to ₹920 per share Retail Investors: ₹.14,720 (16 shares) Small HNI : ₹.206,080(14 lots, 224 shares) Big HNI : ₹.1,000,960(68 lots, 1088 shares)

TBO Tek Limited IPO Details
IPO Date May 8, 2024 to May 10, 2024
Listing Date May 15, 2024
Face Value ₹1 per share
Price Band ₹875 to ₹920 per share
Lot Size 16 Shares
Total Issue Size 16,856,623 shares (aggregating up to ₹1,550.81 Cr)
Fresh Issue 4,347,826 (aggregating up to ₹400.00 Cr)
Offer for Sale 12,508,797 shares of ₹1 (aggregating up to ₹1,150.81 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue 104,239,961
Share holding post issue 108,587,787
TBO Tek Limited IPO Reservation

Investor Category Shares Offered
QIB Shares Offered 12,642,467 (75%)
NII (HNI) Shares Offered 2,528,493 (15%)
Retail Shares Offered 1,685,662 (10%)
Total Shares Offered 16,856,623 (100%)
TBO Tek Limited IPO Subscription Status (Bid Detail) Live Subscription

The TBO Tek Limited IPO achieved a subscription rate of times The retail category subscribed times, the QIB category subscribed times, and the NII category subscribed times. Review the subscription details on a day-to-day basis (live status).

Investor Category Shares Offered Shares Bid for Total Amount (Rs Cr.)* Subscription (times)
Qualified Institutions 12,642,467
Non-Institutional Buyers 2,528,493
  bNII (bids above ₹10L)
  sNII (bids below ₹10L)
Retail Investors 1,685,662
Employees
Others
Total** 14,328,130 0 0.00 0.00

*The total sum is computed according to either the final issue price or the upper price range.
TBO Tek Limited IPO Anchor Investors Details

TBO Tek Limited IPO raises ₹ crore from anchor investors. TBO Tek Limited IPO Anchor bid date is January 1, 1970. TBO Tek Limited IPO Anchor Investors list

TBO Tek Limited IPO GMP

GMP Date IPO Price GMP Estimated Listing Price Last Updated
06-05-2024 ₹920 ₹530 ₹1450 (57.61%) 06-05-2024 02:05
05-05-2024 ₹920 ₹510 ₹1430 (55.43%) 05-05-2024 12:05
04-05-2024 ₹920 ₹510 ₹1430 (55.43%) 04-05-2024 12:05
03-05-2024 ₹920 ₹490 ₹1410 (53.26%) 03-05-2024 12:05
02-05-2024 ₹920 ₹410 ₹1330 (44.57%) 02-05-2024 12:05
01-05-2024 ₹920 ₹400 ₹1320 (43.48%) 01-05-2024 12:05
TBO Tek Limited IPO Timeline (Tentative Schedule)

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

IPO Open Date Wednesday, May 8, 2024
IPO Close Date Friday, May 10, 2024
Basis of Allotment* Monday, May 13, 2024
Initiation of Refunds* Tuesday, May 14, 2024
Credit of Shares to Demat* Tuesday, May 14, 2024
Listing Date* Wednesday, May 15, 2024
Cut-off time for UPI mandate confirmation 05:00 pm, May 10, 2024
TBO Tek Limited IPO Lot Size

Investors can bid for a minimum of 16 shares and in multiples thereof. The below 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 ₹ 191,360
S-HNI (Min) 14 224 ₹ 206,080
S-HNI (Max) 67 1072 ₹ 986,240
B-HNI (Min) 68 1088 ₹ 1,000,960
Lot Size Calculator
TBO Tek Limited IPO Promoter Holding

The promoters of the company are Ankush Nijhawan, Gaurav Bhatnagar, Manish Dhingra, and Arjun Nijhawan

Share Holding Pre Issue 51.26%
About TBO Tek Limited IPO

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.

Objects of the TBO Tek Limited IPO

The company intends to utilize the net proceeds from the issue towards the 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.
Contact Details

TBO Tek Limited
E – 78,
South Extension Part I,
New Delhi – 110 049
Phone: +91 124 499 8999
Email: corporatesecretarial@tbo.com
Websitehttp://www.tbo.com/

TBO Tek Limited IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: tbo.ipo@kfintech.com
Websitehttps://kosmic.kfintech.com/ipostatus/

TBO Tek Limited IPO Listing Details
Listing Date May 15, 2024
Final Issue Price ₹ 920 per share

Pre-Open Session - NSE Pre-Open Session - BSE

TBO Tek Limited IPO Stock Quote & Charts
Listing Day Trading Information View IPO Performance
Price Details NSE BSE
Final Issue Price ₹ 920 ₹ 920
FAQ

TBO Tek Limited IPO is a main-board FPO of 16,856,623 equity shares of the face value of ₹ 1 aggregating up to ₹ 400 Crores. The issue is priced at ₹875 to ₹920 per share. The minimum order quantity is 16 Shares.

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

Retail Investors: ₹.14,720 (16 shares) Small HNI : ₹.206,080(14 lots, 224 shares) Big HNI : ₹.1,000,960(68 lots, 1088 shares)

The finalization of Basis of Allotment for TBO Tek Limited IPO will be done on Monday, May 13, 2024, and the allotted shares will be credited to your demat account by Tuesday, May 14, 2024. Check the TBO Tek Limited IPO allotment status.