TBO Tek IPO Date, Details, GMP, Allotment and All Key Points

TBO Tek IPO (TBO Tek Limited IPO): The date for the IPO has been set. It will open on April 08, 2024, and close on May 10, 2024. TBO Tek IPO going to be listed on NSE and BSE. The expected listing date is fixed as Tuesday, May 15, 2024.

aims to raise a book-built issue of 1,550.81 Cr. through a fresh issue of  0.43 crore shares. And offer for sale of 1.25 crore shares. The IPO price band of TBO Tek IPO is ₹875 to ₹920 per share.


TBO Tek IPO Date And Details

Open DateMay 8, 2024
Close DateMay 10, 2024
Listing DateMay 15, 2024 [Expected]
IPO Size16,856,623 shares (aggregating up to ₹1,550.81 Cr.)
Face Value₹1 per share
IPO Price Band₹875 to ₹920 per share
IPO Listing onBSE NSE
Lot Size16 Shares
OFS1.25 crore shares with a face value of ₹1
Retail Quota10%of the total issue share
QBI75% of the total issue share
HNI15% of the total issue share

TBO Tek IPO All Dates

  • IPO Open Date: May 8, 2024
  • IPO Close Date: May 10, 2024
  • Basis of Allotment: May 13, 2024
  • Initiation of Refunds: May 14, 2024
  • The credit of Shares to Demat: May 14, 2024
  • Listing Date: May 15, 2024
  • UPI mandate confirmation: 5 PM on May 10, 2024

TBO Tek IPO Lot Size For Retails, QBIs and HNIs

ApplicantsLot Size (Min & Max)ShareAmount
Retail1 Lot (Min) [.] lot (Max)16 – 208₹14,720 Min. ₹191,360Max
S-HNI14 Lots Min.224₹206,080 Min
B-HNI68 Lots Min.1088₹1,000,960 Min

TBO Tek IPO Promoters holding or Owners Holdings

The company’s promoters are

  • Ankush Nijhawan
  • Gaurav Bhatnagar
  • Manish Dhingra
  • Arjun Nijhawan

Share Holding Pre Issue 55.26%

TBO Tek IPO GMP (Gray Market Premium) day-by-day

GMP DateIPO PriceGMPSub to Sauda RateEstimated Listing PriceLast Updated
14-05-2024920.00₹365 4400₹1285 (39.67%)14/May/2024 15:30
13-05-2024920.00₹455 5500₹1375 (49.46%)13/May/2024 0:33
12-05-2024920.00₹508 6200₹1428 (55.22%)13/May/2024 0:27
11-05-2024920.00₹510 6200₹1430 (55.43%)12/May/2024 0:44

To see TBO Tek IPO live subscription status please visit our IPO Subscription Status Live section on the menu or click on the link.

TBO Tek IPO Allotment Status

You can check the allotment status for the Refractory Shapes Limited IPO by following these steps. First, go to the website of KFin Technologies Limited. Then, select the IPO Name from the options provided. After that, enter either your Application Number or PAN Number.

Once you’ve entered the required information, click on submit. This should lead you to a page where you can view the allotment status of the IPO. Keep in mind that this process should be done around the expected date of 13th May 2024.

Know About TBO Tek Limited

TBO Tek Limited, previously known as Tek Travels Private Limited, has been in operation since 2006. They specialize in providing a travel distribution platform that caters to the diverse needs of their customers. This platform supports various currencies and offers forex assistance.

The company’s main goal is to simplify the travel business for both suppliers and customers. They serve a wide range of clients, including hotels, airlines, car rentals, transfers, cruises, insurance providers, and rail companies.

On the other side, they cater to retail customers such as travel agencies, independent travel consultants, and corporate clients like tour operators and travel management companies.

Their technology platform acts as a bridge between suppliers and customers, facilitating seamless connections. Suppliers can showcase their inventory and set prices, while buyers have access to an integrated, multi-currency, and multi-lingual platform. This platform serves as a one-stop solution for discovering and booking travel across various segments like leisure, business, and religious travel.

At the end of 2023, TBO Tek Limited sold travel packages to over 7,500 destinations in more than 100 countries.

For More Details please see – TBO Tek Limited RHP

Objects of the Issue IPO

The company plans to use the funds raised from the issue for the following purposes:

  1. Expanding the Supplier and Buyer base: They aim to grow their network of both suppliers and buyers, enhancing their platform’s reach and capabilities.
  2. Enhancing the value of the platform: They intend to add new lines of businesses to their platform, increasing its overall value and attractiveness to users.
  3. Pursuing inorganic growth through selective acquisitions: The company plans to make strategic acquisitions to complement its existing platform and create synergies.
  4. Utilizing data for personalized travel solutions: They aim to leverage the data they gather to offer customized travel solutions tailored to the needs of both buyers and suppliers.

TBO Tek Limited Financial Status (Restated)

ParticularsFor the Period / Year ended on (₹ in Crore)
31st December, 202331st March, 202331st March, 202231st March, 2021
PAT (Profit After Tax)154.18148.4933.72-34.14
Total Borrowing2.936.362.69
Net Worth501.21337.18231.91204.07

Key Performance Indicator (KPI) of TBO Tek Limited

ParticularsAs of 31 December 2023
EBITDA10237.53 Lakh or 18.82%
PAT Margin (in %)
RoCE (in %)44.04%
RoE (%)12.22%
PE Ratio

Peer Group Of TBO Tek Limited

  • RateGain Travel Technologies Limited (Indian)
  • Travel CTM (Globel)
  • Webjet Ltd (Globel)

TBO Tek Limited IPO Registrar

Kfin Technologies Limited

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

TBO Tek Limited IPO Book Running Lead Managers

Axis Capital Limited

  • Contact Person: Akash Aggarwal/Harish Patel
  • Email: tbo.ipo@axiscap.in
  • Telephone: +91 22 4325 2183

Goldman Sachs (India) Securities Private Limited

  • Contact Person: Suchismita Ghosh
  • Email: tboipo@gs.com
  • Telephone: +91 22 6616 9000

Jefferies India Private Limited

JM Financial Limited

TBO Tek Limited Contact

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

How To Apply For TBO Tek IPO

To apply for the TBO Tek IPO online, you have two payment options: UPI or ASBA. Here’s how you can do it through various platforms:

  1. Zerodha, Dhan, Upstock, etc.: These brokers offer UPI IPO applications. You can apply for the IPO through their respective platforms by selecting the TBO Tek IPO and completing the application process using UPI as the payment method.
  2. ICICI Bank, HDFC Bank, and SBI Bank: These banks provide ASBA IPO applications. You can apply for the IPO through their net banking portals. Simply log in to your bank account, navigate to the IPO section, select the Racks & Rollers IPO, and fill out the application form, specifying the bid quantity and price. Then, submit the application using ASBA as the payment method.


What is the expected listing date of TBO Tek Limited’s IPO?

The expected listing date of TBO Tek Limited’s IPO is May 15, 2024.

How can I check the TBO Tek Limited IPO allotment status?

To check the allotment status, visit the website of KFin Technologies Limited, select the IPO Name, and enter your Application Number or PAN Number. Then, click submit to view the allotment status.

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