91  Total SME IPOs listed in 2025

4,041.09 Crs.  Total funds raised in 2025

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

91  Total SME IPOs listed in 2025

4,041.09 Crs.  Total funds raised in 2025

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

91  Total SME IPOs listed in 2025

4,041.09 Crs.  Total funds raised in 2025

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

91  Total SME IPOs listed in 2025

4041.09 Crs.  Total funds raised in 2,025.00

63  SME IPOs listed with Gain in 2025

28  SME IPOs listed with loss in 2025

TBO Tek Limited IPO Analysis

TBO Tek IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ 1550.81 Cr. The company is based in New Delhi and caters to Travel And Tourism sector. Axis Capital , Goldman Sachs (India) Securities , Jefferies India , Jm Financial are the merchant bankers of TBO Tek IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 8th November 2023.

TBO Tek IPO posted revenues of ₹ 1386.08 crores and PAT of ₹ 205.57 crores in FY24 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 1,364.93 Cr.
            EBITDA: ₹ 256.80 Cr.
            PAT: ₹ 241.07 Cr.
  • EBITDA Margin: 18.81 %
            Pat Margin: 17.66 %
  • Net Worth: ₹ 505.70 Cr.
  • Market Capitalisation: ₹ 9990.08 Cr.
  • P/E: 48.60 times
  • P/BV: 4.86 times
  • EV/EBITDA: 37.10 times
Nature of IPO : MainBoard
Exchange : BSE,NSE
IPO Type : Book Building

TBO Tek IPO Financial Performance (Restated)

Financial results of TBO Tek IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials Dec-23 FY23 FY22 FY21
Balance Sheet
Assets 3754.00 2557.90 1271.40 576.10
Net Worth 505.70 340.20 231.90 204.00
Total Debt 2.90 6.30 2.60 [●]
Profit & Loss
Revenue
Revenue on annualised basis
1023.70
1,364.93
1064.50 483.20 141.80
EBITDA
EBITDA on annualised basis
192.60
256.80
181.80 28.70 -22.60
PAT
PAT on annualised basis
180.80
241.07
171.30 38.10 -0.20
Financials
31-Dec-23
FY23
FY22
FY21
Balance Sheet
Assets
3754.00
2557.90
1271.40
576.10

Net Worth
505.70
340.20
231.90
204.00

Total Debt
2.90
6.30
2.60
0.00

Profit & Loss
Revenue
Revenue on annualised basis
1023.70
1,364.93
1064.50
483.20
141.80

EBITDA
EBITDA on annualised basis
192.60
256.80
181.80
28.70
-22.60

PAT
PAT on annualised basis
180.80
241.07
171.30
38.10
-0.20

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

TBO Tek IPO Key performance Indicators (KPI)

TBO Tek IPO PAT Margin is 17.66 % , ROCE (Return on Capital Employed) is [●] % as per latest financial. The below table shows TBO Tek IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars Dec-23 FY23 FY22 FY21
EBITDA Margin (%) 18.81 17.08 5.94 -15.94
PAT Margin (%) 17.66 16.09 7.88 -0.14
EPS (₹) 15.30 14.21 3.32 -3.28
ROE (%) 35.75 50.35 16.43 -0.10
ROCE (%) [●] [●] [●] [●]
ROA (%) 4.82 6.70 3.00 -0.03
Debt to Equity 0.01 0.02 0.01 [●]
Particulars
31-Dec-23
FY23
FY22
FY21

EBITDA Margin (%)
18.81
17.08
5.94
-15.94

PAT Margin (%)
17.66
16.09
7.88
-0.14

EPS (₹)
15.30
14.21
3.32
-3.28

ROE (%)
35.75
50.35
16.43
-0.10

ROCE (%)
[●]
[●]
[●]
[●]

ROA (%)
4.82
6.70
3.00
-0.03

Debt to Equity (x)  
0.01
0.02
0.01
[●]

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

TBO Tek IPO Valuation Metrics

The market Capitalisation of TBO Tek IPO is ₹ 9990.08 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
9990.08

Enterprise Value (EV) (₹ Cr.):
9,526.68

EV/EBITDA (times) :
37.10

PE Multiple (times) :
48.60

P/B (times) :
4.86

NAV (₹) :
49.31

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in TBO Tek prospectus?

The TBO Tek IPO prospectus highlights an Return on Equity (ROE) of 35.75 % , Return on Assets (ROA) of 4.82 %, and an EBITDA Margin of 18.81 %, showcasing financial performance.

How do profitability ratios impact the evaluation of TBO Tek IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows TBO Tek IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for TBO Tek IPO ?

The post-IPO market capitalisation of TBO Tek IPO is ₹ 9990.08 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of TBO Tek IPO?

The TBO Tek IPO has a Price-to-Earnings (PE) ratio of 48.60 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of TBO Tek IPO?

TBO Tek IPO reported revenue of ₹ 1386.08 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from TBO Tek IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of TBO Tek IPO?

TBO Tek recorded an EBITDA of ₹ 256.80 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of TBO Tek IPO?

TBO Tek Profit After Tax (PAT) is ₹ 241.07 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 1,364.93 Cr.
            EBITDA: ₹ 256.80 Cr.
            PAT: ₹ 241.07 Cr.
  • EBITDA Margin: 18.81 %
            Pat Margin: 17.66 %
  • Net Worth: ₹ 505.70 Cr.
  • Market Capitalisation: ₹ 9990.08 Cr.
  • P/E: 48.60 times
  • P/BV: 4.86 times
  • EV/EBITDA: 37.10 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

TBO Tek operates in Travel And Tourism and Travel Distribution Platform. The Issue is listed on BSE,NSE in May, 2024. TBO Tek IPO size was 1550.81 with Issue price of 920.00 .

Merchant Banker(s) of TBO Tek IPO: Axis Capital Limited , Goldman Sachs (India) Securities Private Limited , Jefferies India Private Limited , Jm Financial Limited

TBO Tek IPO subscription was 86.69 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

TBO Tek IPO listed at a listing price of 1404.85 against the offer price of 920.00.

The current market price of TBO Tek is 1399.70.

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