TBO TEK Limited IPO Details
| Detail | Description |
|---|---|
| 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 | 1,68,56,623 shares (aggregating up to ₹ 1,550.81 Cr) |
| Fresh Issue | 43,47,826 shares (aggregating up to ₹ 400.00 Cr) |
| Offer for Sale | 1,25,08,797 shares of ₹1 (aggregating up to ₹ 1,150.81 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 10,42,39,961 |
| Share holding post issue | 10,85,87,787 |
About TBO TEK Limited IPO
Travel Boutique Online is India's leading travel distribution platform. For over a decade now, they are enabling the partners to serve their customers efficiently, with the right pricing and inventory. They deliver a wide range of travel solutions for the travel agents and tour operators across India including metro cities like New Delhi, Mumbai, Chennai and Kolkata to help them take their business to new heights. Their services include White Label Solutions, Hotel and Flight Booking APIs, Dynamic Packages and in the recent years. 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 price band is set at ₹875 to ₹920 per share. The minimum lot size for an application is 16 Shares. 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.
Objectives of TBO Tek IPO
The company intends to utilize the net proceeds from the issue towards the funding of the following objectives:
- 1. Expansion of the Supplier and Buyer base.
- 2. Amplification of value of our platform by adding new lines of businesses.
- 3. Inorganic growth through selective acquisitions and building synergies with our existing platform.
- 4. Leveraging data procured to offer bespoke travel solutions to our Buyers and Suppliers.
TBO Tek IPO Review
The company is one of the leading travel distribution platforms in the global travel and tourism industry having presence in over 100 countries and offering major travel related services under one roof. After suffering a setback for FY21 due to the Pandemic, it marked steady growth from FY22 onwards. Based on FY24 annualized earnings, the issue appears fully priced, but at lower P/E compared to listed peer. The company is poised for bright prospects as the global travel segment is poised for growth as indicated by recent trends. Investors may park funds for the medium to long term rewards.
TBO TEK Limited IPO Financial Information
Latest Revenue
1,039.56
₹ Crore
Profit After Tax
154.18
₹ Crore
Net Worth
501.21
₹ Crore
Total Borrowing
2.93
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2023 | 3,754.05 | 1,039.56 | 154.18 | 501.21 | 2.93 | ||||
| 31 Mar 2023 | 2,557.93 | 1,085.77 | 148.49 | 337.19 | 6.36 | ||||
| 31 Mar 2022 | 1,271.43 | 511.93 | 33.72 | 231.90 | 2.69 | ||||
| 31 Mar 2021 | 576.16 | 176.55 | -34.14 | 204.07 | — | ||||
| Amount in ₹ Crore | |||||||||
TBO TEK Limited Key Performance Indicator
| KPI | Values |
|---|---|
| RoNW | 30.76 |
| P/BV | 18.66 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 14.25 | 18.93 |
| P/E (x) | 64.58 | 48.6 |
Frequently Asked Questions
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Competitive Strengths
TBO TEK Limited 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 16 | ₹14,720 |
| Retail (Max) | 13 | 208 | ₹191,360 |
| S-HNI (Min) | 14 | 224 | ₹206,080 |
| S-HNI (Max) | 67 | 1,072 | ₹986,240 |
| B-HNI (Min) | 68 | 1,088 | ₹1,000,960 |