IPO Details
Bidding Dates
07 May '24 - 09 May '24
Minimum Investment
₹14,720 / 1 Lots ( 16 Shares )
Price Range
₹875 - ₹920
Maximum Investment
₹191,360 / 13 Lots ( 208 Shares )
Retail Discount
Not Applicable
Issue Size
₹1,550.81 Cr
Investor category and sub category
Retail Individual Investors | Non-institutional Bidders | Qualified Institutional Buyers |TBO TEK IPO Dates
Important dates with respect to IPO allotment and listing
Opening Date
May 7, 2024
Closing Date
May 9, 2024
Basis of Allotment
May 12, 2024
Initiation of Refunds
May 13, 2024
Credit of Shares to Demat
May 13, 2024
Listing Date
May 14, 2024
Cut-off time for UPI mandate confirmation
May 9, 2024
IPO Subscription Status Live
| Investor Category | Subscription (Times) |
|---|---|
| Qualified Institutional Buyers | 0.00 |
| Non-Institutional Buyers | 0.30 |
| Retail Investors | 0.55 |
| Employees | 0.46 |
| Total | 0.18 |
About TBO TEK Limited
Established in 2006, TBO Tek Limited, originally known as Tek Travels Private Limited, is a leading travel distribution platform. The company offers a diverse range of travel inventory tailored to meet the needs of its customers and supports an extensive array of currencies, including forex assistance.
TBO Tek streamlines the travel industry for various suppliers, including hotels, airlines, car rentals, transfers, cruises, insurance, rail companies, and more. It also serves a wide range of retail customers like travel agencies, independent travel consultants, and corporate clients such as tour operators, travel management companies, online travel companies, super apps, and loyalty apps. Its two-sided technology platform fosters seamless connections between suppliers and customers, facilitating efficient transactions.
The platform allows sellers to display and market their inventory while setting prices for buyers. For buyers, it provides an integrated, multi-currency, multi-lingual, one-stop solution that enables them to discover and book travel to destinations worldwide, catering to leisure, business, and religious travel segments.
As of December 31, 2023, TBO Tek Limited has facilitated travel to over 7,500 destinations in more than 100 countries and employs over 2,000 individuals.
Industry Outlook
- With an estimated value of US$ 1.9 trillion in 2023, the travel and tourism sector is predicted to grow steadily at a rate of 8.2% until it reaches US$ 2.6 trillion by 2027.
- With more than 275,000 participants, the travel buyer industry in India is fragmented and has disorganised distribution channels. In this fragmented industry, TBO TEK can increase client attraction, supply extensive inventory, and improve operations by using its technology-driven platform.
TBO TEK Ltd IPO Details
TBO TEK Limited IPO Date
TBO TEK Limited IPO is open from May 8, 2024, to May 10, 2024. The IPO will be listed on BSE, NSE.
TBO TEK Limited IPO Price Band
TBO TEK Limited is a book-built issue IPO. The price is set at ₹[.] per share.
TBO TEK Limited IPO Lot Size
The lot size for TBO TEK Limited IPO is yet to be announced.
TBO TEK IPO Objectives
The company plans to allocate the net proceeds from the issue for the following purposes:
- The company proposes to utilise the investment in enhancing and maintaining the existing technology infrastructure, which serves as the backbone of the company's operations.
- Utilisation for strategic acquisitions aimed at complementing the existing platform and enhancing overall capabilities.
- Allocation towards expanding the Supplier and Buyer base, facilitating growth in the number of listings and transactions on the platform.
- Allocation towards investing in research and development initiatives to innovate and stay ahead of market trends, ensuring the platform remains competitive in the evolving travel industry.
Peer Details
As per DRHP, the company has 3 listed peers, which are mentioned below:
- Rategain Travel Technologies Limited
- Webjet Limited
- Corporate Travel Management Limited
How To Check the Allotment Status of the TBO TEK Limited IPO?
A: Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of TBO TEK Limited IPO
Registered office: E - 78, South Extension Part I, New Delhi – 110 049, India
Phone: : +91 124 499 8999
E-mail: corporatesecretarial@tbo.com
IPO Financials Performance
| Particulars | As at December 31, 2023 | Year ending on March 31, 2023 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|---|
| Revenue(Amount in ₹ Lakhs) | 1,039.56 | 1,085.77 | 511.93 | 176.55 |
| Profit After Tax (PAT) (in ₹ Lakhs) | 154.18 | 148.49 | 33.72 | -34.14 |
| Cash and Cash Equivalents (in ₹ million) | 4,663.61 | 5,633.88 | 4,248.94 | 2,691.02 |
| Return on Net Worth (%) | 30.76% | 44.04% | 14.54% | (16.73) % |
| Total Borrowing | 2.93 | 6.36 | 2.69 | 726.10 |
| EBITDA (in ₹ lakh) | 1,926.93 | 1,818.45 | 287.41 | (226.89) |
Know before investing
Strengths
3-
TBO TEK Limited's platform generates a network effect by attracting more buyers and suppliers, enhancing pricing, selection, and transaction volume for growth.
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The company's scalable and flexible tech platform enables seamless integration of new travel products and markets, driving significant increases in Gross Transaction Value.
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With a capital-efficient strategy, TBO TEK Limited achieves strong cash flows and growth, expanding its network through acquisitions and broadening its global reach.
Risks
4-
TBO TEK Limited's revenue, heavily reliant on hotel and ancillary bookings, is vulnerable to economic instability, security concerns, and global conflicts.
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Suppliers pressuring TBO TEK Limited could lead to reduced commissions and a fall in income if service prices don't compensate, affecting GTV and competitiveness.
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Undisclosed contingent liabilities at TBO TEK Limited could adversely affect its financial health if realized.
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Failure to maintain or enhance TBO TEK's technology could disrupt operations and degrade service quality, impacting the company's financial health.
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TBO TEK IPO FAQs
TBO TEK Limited is a book-built issue IPO. The IPO is open from May 8, 2024, to May 10, 2024. The IPO will be listed on BSE, NSE.
The Basis of Allotment will happen on May 10, 2024.
The IPO subscription window will open on May 8, 2024.
The minimum lot size retail investors can subscribe to is yet to be announced.
The listing date for TBO TEK Limited is May 15, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
Login to your UPI handle and approve the payment mandate to complete the IPO application process.
You can submit only one application using one PAN card.
The minimum size of the application will be one lot.
