TBO Tek IPO GMP, Price, Date, Allotment

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

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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

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TBO Tek Financial Performance

	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

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TBO Tek Offer News

• TBO Tek RHP
• TBO Tek DRHP
• ASBA IPO Forms
• Live IPO Subscription Status
• IPO Allotment Status

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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	–	–	–

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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	–	–

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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

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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.

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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

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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.

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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%)

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TBO Tek IPO Reviews – Subscribe or Avoid?

Angel One –
Anand Rathi –
Antique Stock Broking –
Ajcon Global –
Arihant Capital – Subscribe
Axis Capital –
Ashika Research –
BP Wealth – Subscribe
Capital Market – May Apply
Canara Bank Securities – Subscribe
Choice Broking –
Dalal & Broacha –
Elara Capital –
Elite Wealth – Apply for long term
GCL Broking –
Geojit –
GEPL Capital – Subscribe
Hem Securities – Subscribe
Hensex Securities –
HDFC Securities –
ICICIdirect –
IDBI Capital –
Investmentz –
Indsec Securities – Subscribe
Jainam Broking – Avoid
KR Choksey –
LKP Research –
Marwadi Financial – Subscribe
Motilal Oswal –
Mehta Equities – Subscribe for listing gain
Nirmal Bang – Subscribe
Reliance Securities –
Sushil Finance – Subscribe for long term
Samco Securities – Not rated
SBI Securities – Subscribe for long term
SMC Global – 2/5
SMIFS – Subscribe
Systematix Research – Subscribe
Swastika Investmart – Apply for long term
Ventura Securities – Subscribe

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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: [email protected]
Website: www.axiscapital.co.in

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TBO Tek Offer Registrar

KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: [email protected]
Website: www.kfintech.com

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TBO Tek Contact Details

TBO TEK LIMITED
E-78, South Extension Part I,
New Delhi – 110 049, India
Phone: +91 124 499 8999
Email: [email protected]
Website: www.tbo.com

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TBO Tek IPO FAQs