TBO Tek IPO Description – TBO Tek is a major global travel distribution platform that connects more than 159,000 buyers in over 100 countries with over one million suppliers as of 31 December 2023. The platform consists of two portals: TBO Holidays, which serves as a global travel distribution platform, and Travel Boutique Online, which caters specifically to travel buyers in India.
The company streamlines the travel business for suppliers like hotels, airlines, car rentals, transfers, cruises, insurance, rail, and others, as well as retail buyers such as travel agencies and independent travel advisors. As of 31 December 2023, TBO Tek employs 449 sales team members across 43 countries. This team plays a crucial role in driving the company’s business growth.
As of 31 December 2023, the company had a global headcount of 2,000, including off-roll employees.
Promoters of TBO Tek – Ankush Nijhawan, Gaurav Bhatnagar, Manish Dhingra, Arjun Nijhawan, and LAP Travel Private Limited
Table of Contents
TBO Tek IPO Details
| TBO Tek IPO Dates | 8 – 10 May 2024 |
| TBO Tek Issue Price | INR 875 – 920 per share |
| Fresh issue | INR 400 crore |
| Offer For Sale | 12,508,797 shares (INR 1,094.52 – 1,150.81 crore) |
| Total IPO size | INR 1,494.52 – 1,550.81 crore |
| Minimum bid (lot size) | 16 shares (INR 14,720) |
| Face Value | INR 1 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
TBO Tek Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 |
| Revenue | 141.81 | 483.27 | 1,064.59 | 1,023.75 |
| Expenses | 176.81 | 470.46 | 914.42 | 858.74 |
| Net income | (34.14) | 33.72 | 148.49 | 154.18 |
| Margin (%) | (24.07) | 6.98 | 13.95 | 15.06 |
TBO Tek Offer News
TBO Tek Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 (Pre Issue) | FY 2024 (Post-Issue)* | |
| EPS | (3.28) | 3.34 | 14.25 | 18.95 |
| PE Ratio | – | – | 61.4 – 64.56 | 46.18 – 48.56 |
| FY 2021 | FY 2022 | FY 2023 | |
| RONW (%) | (16.73) | 14.54 | 44.04 |
| NAV | 19.58 | 22.26 | 32.36 |
| ROCE (%) | – | – | – |
| EBITDA (%) | (16.00) | 5.95 | 17.08 |
| Debt/Equity | – | – | – |
TBO Tek IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 14 May 2024 | 450 | – | 2,300 |
| 13 May 2024 | 510 | 650 | 2,500 |
| 11 May 2024 | 510 | 650 | 5,000 |
| 10 May 2024 | 505 | 650 | 5,000 |
| 9 May 2024 | 520 | 600 | 5,500 |
| 8 May 2024 | 485 | 780 | 4,900 |
| 7 May 2024 | 500 | 800 | 5,000 |
| 6 May 2024 | 460 | 800 | 5,800 |
| 4 May 2024 | 425 | – | 5,000 |
| 3 May 2024 | 350 | – | – |
TBO Tek IPO Objectives
The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
- Investment in technology and data solutions by the company – INR 135 crore
- Investment in the Material Subsidiary, Tek Travels DMCC, for onboarding platform users through marketing and promotional activities; and hiring sales and contracting personnel for augmenting its Supplier and Buyer base outside India – INR 100 crore
- Investment in sales, marketing, and infrastructure to support the organization’s growth plans in India – INR 25 crore
- Unidentified inorganic acquisitions – INR 40 crore
- General corporate purposes
TBO Tek IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Shares Offered | 50,47,205 | 25,23,602 | 16,82,401 | 32,608 | 92,85,816 |
| 10 May 2024 | 125.51 | 50.36 | 24.50 | 16.71 | 86.40 |
| 9 May 2024 | 0.17 | 8.19 | 10.01 | 6.55 | 4.15 |
| 8 May 2024 | 0.01 | 2.08 | 3.14 | 2.23 | 1.15 |
Shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.
TBO Tek – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| TBO Tek | 64.56 | 14.25 | 44.04 | 32.36 | 1,064.59 |
| RateGain Travel Technologies | 113.31 | 6.33 | 9.64 | 65.67 | 565.13 |
TBO Tek IPO Allotment Status
TBO Tek IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.
TBO Tek IPO Dates & Listing Performance
| IPO Opening Date | 8 May 2024 |
| IPO Closing Date | 10 May 2024 |
| Finalization of Basis of Allotment | 13 May 2024 |
| Initiation of refunds | 14 May 2024 |
| Transfer of shares to demat accounts | 14 May 2024 |
| TBO Tek IPO Listing Date | 15 May 2024 |
| Opening Price on NSE | INR 1,426 per share (up 55%) |
| Closing Price on NSE | INR 1,406.30 per share (up 52.86%) |
TBO Tek IPO Reviews – Subscribe or Avoid?
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TBO Tek Offer Lead Manager
AXIS CAPITAL LIMITED
1st Floor, Axis House C-2 Wadia International Center
Pandurang Budhkar Marg, Worli Mumbai – 400 025 Maharashtra
Phone: +91 22 4325 2183
Email:Â [email protected]
Website: www.axiscapital.co.in
TBO Tek Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel:Â +91 40 6716 2222
E-mail:Â [email protected]
Website:Â www.kfintech.com
TBO Tek Contact Details
TBO TEK LIMITED
E-78, South Extension Part I,
New Delhi – 110 049, India
Phone:Â +91 124 499 8999
Email: [email protected]
Website: www.tbo.com
TBO Tek IPO FAQs
How many shares in TBO Tek IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.
How to apply for TBO Tek Public Offer?
The best way to apply for TBO Tek public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is TBO Tek IPO GMP today?
TBO Tek IPO GMP today is INR 450 per share.
What is TBO Tek kostak rate today?
TBO Tek kostak rate today is INR NA per application.
What is TBO Tek Subject to Sauda rate today?
TBO Tek Subject to Sauda rate today is INR 2,300 per application.
