TBO Tek Limited IPO
- IPO Date08 May, 2024 to 10 May, 2024
- Listing Date15 May, 2024
- Face Value₹1 per share
- Issue Price₹875 to ₹920 per share
- Lot Size16 Shares
- Minimum Investment₹14,720
- Listing AtBSE, NSE
- Total Issue Size1,68,56,623 Shares
(aggregating up to ₹1550.81 Cr) - Fresh Issue43,47,826 Shares
(aggregating up to ₹400.00 Cr)
- Offer for Sale1,25,08,797 Shares
(aggregating up to ₹1150.81 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue10,42,39,961
- Shareholding post issue10,85,87,787
IPO Dates
Closing Date
10 May, 2024
Initiation of Refunds
14 May, 2024
Listing Date
15 May, 2024
08 May, 2024
Opening Date
13 May, 2024
Basis of Allotment
14 May, 2024
Credit of Shares
TBO Tek Limited Lot Size
Investors can bid for a minimum of 16 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Max) | 13 | 208 | ₹1,91,360 |
| Retail (Min) | 1 | 16 | ₹14,720 |
| B-HNI (Min) | 68 | 1088 | ₹10,00,960 |
| S-HNI (Max) | 67 | 1072 | ₹9,86,240 |
| S-HNI (Min) | 14 | 224 | ₹2,06,080 |
TBO Tek Limited Promoter Holding
Ankush Nijhawan, Gaurav Bhatnagar, Manish Dhingra, and Arjun Nijhawan are the company's promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 51.26% | - |
TBO Tek Limited COMPANY INFORMATION
TBO Tek IPO is a book built issue of Rs 1,550.81 crores. The issue is a combination of fresh issue of 0.43 crore shares aggregating to Rs 400.00 crores and offer for sale of 1.25 crore shares aggregating to Rs 1,150.81 crores. TBO Tek IPO is open for subscription on May 8, 2024 and close today May 10, 2024. The allotment for the TBO Tek IPO is expected to be finalized on Monday, May 13, 2024. TBO Tek IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, May 15, 2024. TBO Tek IPO 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. Axis Capital Limited, Jefferies India Private Limited, Goldman Sachs (India) Securities Private Limited and Jm Financial Limited are the book running lead managers of the TBO Tek IPO, while Kfin Technologies Limited is the registrar for the issue. Refer to TBO Tek IPO RHP for detailed information.
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.
FAQs About Tbo Tek Limited Ipo (Tbo Tek Ipo)
TBO Tek Limited IPO will open on 08 May, 2024 and close on 10 May, 2024. Investors must apply within this period to participate.
The TBO Tek Limited IPO price band is set between ₹875.00 and ₹920.00 per share. The minimum lot size is 16, requiring an investment of at least ₹14720.00.
The TBO Tek Limited IPO shares are expected to be listed on 15 May, 2024, subject to regulatory approvals and final allotment.
You can track your TBO Tek Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The TBO Tek Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.