TBO Tek Limited

CLOSED

IPO Date: 8 May - 10 May 2024

Listing Date: 15 May 2024

Price Range

₹875 to ₹920 per share

Issue Size

1550.81 Cr

Min Investment

14,000

Lot Size

16 Shares

Schedule of TBO Tek Limited

Issue open date

8 May 2024

Issue close date

10 May 2024

UPI mandate deadline

10 May 2024 (5 PM)

Allotment finalization

13 May 2024

Share credit

14 May 2024

Listing date

15 May 2024

Mandate end date

N/A

Issue size

Funds Raised in the IPOAmount
Overall1550.81 Cr
Fresh Issue0 Cr
Offer for Sale0 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date13 May 2024
Allotment Link{Link}

Grey Market PremiumNew

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIpo PriceGMPEstimated Listing Price
15 May 20249203001220 (32.61%)
14 May 20249203501270 (38.04%)
13 May 20249204551375 (49.46%)
12 May 20249205081428 (55.22%)
11 May 20249205101430 (55.43%)
10 May 20249205351455 (58.15%)
9 May 20249205401460 (58.7%)
8 May 20249205401460 (58.7%)
7 May 20249205301450 (57.61%)
6 May 20249205301450 (57.61%)
5 May 20249205101430 (55.43%)

Performance TBO Tek Limited

Issue PriceListing GainCurrent Market PriceP/L
₹875 to ₹920 per share 13855 (52.86%) 136548.37%

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.

Founded in2006
Managing director
Parent organization

Financial Overview

Strengths

  • Established and reliable travel distribution platform with over 16 years of experience.
  • Wide range of inventory and support for multiple currencies and forex services.
  • Seamless two-sided technology platform that connects suppliers and customers.
  • Well-established customer base including retail, corporate, and online travel companies.
  • Experienced management team with a strong track record in the travel industry.

Risks

    Subscription Figures

    CategorySubscription (No. of times)
    Qualified Institutional Buyers (QIBs)125.51
    Non-Institutional Investors (NIIs)50.6
    Retail Individual Investors (RIIs)25.72
    Employee17.81
    Total86.69