TBO Tek IPO GMP, Price, Date, Allotment

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Last updated on May 16, 2024

TBO Tek IPO GMP

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.

TBO Tek

Promoters of TBO Tek – Ankush Nijhawan, Gaurav Bhatnagar, Manish Dhingra, Arjun Nijhawan, and LAP Travel Private Limited


TBO Tek IPO Details

TBO Tek IPO Dates8 – 10 May 2024
TBO Tek Issue PriceINR 875 – 920 per share
Fresh issueINR 400 crore
Offer For Sale12,508,797 shares
(INR 1,094.52 – 1,150.81 crore)
Total IPO sizeINR 1,494.52 – 1,550.81 crore
Minimum bid (lot size)16 shares (INR 14,720)
Face Value INR 1 per share
Retail Allocation10%
Listing OnNSE, BSE

TBO Tek Financial Performance

 FY 2021FY 2022FY 20239M FY 2024
Revenue141.81483.271,064.591,023.75
Expenses176.81470.46914.42858.74
Net income(34.14)33.72148.49154.18
Margin (%)(24.07)6.9813.9515.06
Figures in INR Crores unless specified otherwise

TBO Tek Offer News


TBO Tek Valuations & Margins

FY 2021FY 2022FY 2023
(Pre Issue)
FY 2024
(Post-Issue)*
EPS(3.28)3.3414.2518.95
PE Ratio61.4 – 64.5646.18 – 48.56
* Calculated on the basis of annualized Profits After Tax for FY 2024
FY 2021FY 2022FY 2023
RONW (%)(16.73)14.5444.04
NAV19.5822.2632.36
EBITDA (%)(16.00)5.9517.08
*Compiled by IPO Central from Prospectus

TBO Tek IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
14 May 20244502,300
13 May 20245106502,500
11 May 20245106505,000
10 May 20245056505,000
9 May 20245206005,500
8 May 20244857804,900
7 May 20245008005,000
6 May 20244608005,800
4 May 20244255,000
3 May 2024350

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

CategoryQIBNIIRetailEmployeeTotal
Shares Offered50,47,20525,23,60216,82,40132,60892,85,816
10 May 2024125.5150.3624.5016.7186.40
9 May 20240.178.1910.016.554.15
8 May 20240.012.083.142.231.15

TBO Tek – Comparison With Listed Peers

CompanyPE ratioEPSRONW (%)NAVRevenue (Cr.)
TBO Tek64.5614.2544.0432.361,064.59
RateGain Travel Technologies113.316.339.6465.67565.13

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 Date8 May 2024
IPO Closing Date10 May 2024
Finalization of Basis of Allotment13 May 2024
Initiation of refunds14 May 2024
Transfer of shares to demat accounts14 May 2024
TBO Tek IPO Listing Date15 May 2024
Opening Price on NSEINR 1,426 per share (up 55%)
Closing Price on NSEINR 1,406.30 per share (up 52.86%)

TBO Tek IPO Reviews – Subscribe or Avoid?

Angel One –
Anand Rathi –
Antique Stock Broking –
Arihant Capital – Subscribe
Ashika Research –
BP Wealth – Subscribe
Capital Market – May Apply
Canara Bank Securities – Subscribe
Choice Broking –
Dalal & Broacha –
Elite Wealth – Apply for long term
GCL Broking –
Geojit –
GEPL Capital – Subscribe
Hem Securities – Subscribe
ICICIdirect –
Indsec – Subscribe
Jainam Broking Avoid
DR Choksey –
LKP Research –
Marwadi Financial – Subscribe
Systematix Shares – Subscribe
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
Swastika Investmart – Apply for long term
Ventura Securities – Subscribe


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


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


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


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 an 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.

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