The TBO Tek date has been confirmed from May 8, 2024 and closes on May 10, 202. Read the post to learn about TBO Tek IPO GMP.
TBO Tek IPO is a book built issue of Rs 1,550.81 crores. The price band is set at ₹875 to ₹920 per share. The minimum lot size for an application is 16 Shares. The minimum amount of investment required by retail investors is ₹14,720. The minimum lot size investment for sNII is 14 lots (224 shares), amounting to ₹206,080, and for bNII, it is 68 lots (1,088 shares), amounting to ₹1,000,960.
Start your investing journey today. Find the latest information on Upcoming IPOs.
Key Details Of TBO Tek IPO
Bidding Dates
April 8-10
Price Range
₹875 to ₹920 per share
Face Value
₹1 per share
GMP
₹300
TBO Tek IPO GMP
The TBO Tek IPO GMP is ₹300.
IPO Overview
TBO Tek IPO is a book built issue of Rs 1,550.81 crores. The offering consists of a fresh issue of 0.43 crore shares totaling Rs 400.00 crores and an offer for sale of 1.25 crore shares totaling Rs 1,150.81 crores. TBO Tek’s initial public offering (IPO) will begin on May 8, 2024 and end on May 10, 2024. The allotment for the TBO Tek IPO is expected to be completed on Monday, May 13, 2024. TBO Tek IPO will float on the BSE and NSE, with a tentative listing date of Wednesday, May 15, 2024.
The TBO Tek IPO price band is from ₹875 to ₹920 per share. The minimum lot size for an application is 16 shares. The minimum investment for retail investors is ₹14,720. The minimum lot size investment for sNII is 14 lots (224 shares) for ₹206,080, while for bNII, it is 68 lots (1,088 shares) worth ₹1,000,960.
TBO Tek IPO Details
| IPO Date | May 8, 2024 to May 10, 2024 |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Price Band | ₹875 to ₹920 per share |
| Lot Size | 16 Shares |
| Total Issue Size | 16,856,623 shares (aggregating up to ₹1,550.81 Cr) |
| Fresh Issue | 4,347,826 shares (aggregating up to ₹400.00 Cr) |
| Offer for Sale | 12,508,797 shares of ₹1 (aggregating up to ₹1,150.81 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 104,239,961 |
| Share holding post issue | 108,587,787 |
TBO Tek Limited Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 3,754.05 | 2,557.93 | 1,271.43 | 576.16 |
| Revenue | 1,039.56 | 1,085.77 | 511.93 | 176.55 |
| Profit After Tax | 154.18 | 148.49 | 33.72 | -34.14 |
| Net Worth | 501.21 | 337.19 | 231.90 | 204.07 |
| Reserves and Surplus | 478.43 | 317.57 | 214.08 | 197.58 |
| Total Borrowing | 2.93 | 6.36 | 2.69 | |
| Amount in ₹ Crore | ||||
TBO Tek IPO Timeline
| IPO Open Date | Wednesday, May 8, 2024 |
| IPO Close Date | Friday, May 10, 2024 |
| Basis of Allotment | Monday, May 13, 2024 |
| Initiation of Refunds | Tuesday, May 14, 2024 |
| Credit of Shares to Demat | Tuesday, May 14, 2024 |
| Listing Date | Wednesday, May 15, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 10, 2024 |
Company Profile
TBO Tek Limited, formerly known as Tek Travels Private Limited, is a travel distribution platform that provides travel inventory based on the demands of its customers and supports a wide range of currencies, as well as forex aid. 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 allows suppliers and customers to connect seamlessly. The company’s platform allows sellers to show and market their inventory, as well as establish prices for buyers. For purchasers, the platform is an integrated, multi-currency, and multi-lingual one-stop solution for discovering and booking travel to places all over the world, including leisure, business, and religious travel. As of December 31, 2023, the company had sold over 7,500 destinations in more than 100 countries and employed over 2,000 individuals.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | [email protected] |
| Website | kosmic.kfintech.com |
Contact Details
| Name | TBO Tek Limited |
| Phone number | +91 124 499 8999 |
| Email ID | [email protected] |
| Website | tbo.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
TBO Tek IPO FAQs
When TBO Tek IPO will open?
The TBO Tek IPO opens on May 8, 2024 and closes on May 10, 2024.
What is the lot size of TBO Tek IPO?
TBO Tek IPO lot size and the minimum order quantity is not available at this time. Please check again later.
When is TBO Tek IPO allotment?
The finalization of Basis of Allotment for TBO Tek IPO will be done on Monday, May 13, 2024, and the allotted shares will be credited to your demat account by Tuesday, May 14, 2024.
When is TBO Tek IPO listing date?
The TBO Tek IPO listing date is not yet announced. The tentative date of TBO Tek IPO listing is Wednesday, May 15, 2024.
