74  Total SME IPOs listed in 2025

3,229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

74  Total SME IPOs listed in 2025

3229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

74  Total SME IPOs listed in 2025

3229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

74  Total SME IPOs listed in 2025

3229.50 Crs.  Total funds raised in 2025

50  SME IPOs listed with Gain in 2025

24  SME IPOs listed with loss in 2025

TBO Tek IPO (TBO Tek Limited IPO) Detail

TBO Tek IPO is a Book Building IPO 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 open date is 8th May 2024 and close date is 10th May 2024. IPO Allotment Date is 13th May 2024 and Listing date is 15th May 2024.

IPO Category : MainBoard
Exchange : BSE,NSE
Issue Type : Book Building

IPO Key Highlights

  • IPO Size: ₹ 1550.81 Cr. Avg IPO Size (Sector Based) : ₹ 978.73 cr.
  • Sector: Travel And Tourism IPO so far: 3
  • Merchant Banker: Axis Capital IPO by BRLM so far: 161
  • City: New Delhi IPO so far: 123
  • Revenue (annualised): ₹ 1386.08 cr.
            PAT: (annualised): ₹ 205.57 cr. Read Financial Information >>
  • PE Ratio: 48.60x Average Sector PE Ratio: 21.10x

TBO Tek IPO Date

Date of DRHP:
8th November 2023
IPO Open Date:
8th May 2024
IPO Close Date:
10th May 2024
IPO Allotment Date:
13th May 2024
Initiation of Refund:
14th May 2024
IPO Listing Date:
15th May 2024

TBO Tek IPO Info, Size, Subscription

TBO Tek IPO size is ₹ 1550.81 Cr. with IPO price of ₹ 920.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.

IPO Size :
₹ 1550.81 Cr.

Issue Price:
₹ 920.00

Market Capitalisation :
₹ 9990.08 Cr.

PE multiple :
48.60

Subscription :
86.69 times

Pre Issue Promoter Holding :
51.26 %

Post Issue Promoter Holding :
0.00 %

TBO Tek IPO Information

Sub Sector : travel distribution platform
In the mid-2000s, India’s aviation market witnessed an unprecedented boom, leading to the country becoming the world’s third-largest domestic aviation market. In 2006, the company conceptualized the TBO platform as a technology tool designed to simplify the process for travel agents to book airline tickets across multiple airlines. The travel industry, being large and fragmented with limited technology adoption, presented a unique opportunity. Sticking to its mission of empowering the travel industry with technology, the company expanded its business to a global scale, serving buyers and suppliers in over 100 countries as of June 30, 2023. It is now recognized as one of the leading travel distribution platforms in the global travel and tourism industry. The company provides a comprehensive travel inventory to meet buyers
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Object of Issue (TBO Tek IPO Objectives)

  • Expansion of the Supplier and Buyer base
  • Amplification of value of their platform by adding new lines of businesses
  • Inorganic growth through selective acquisitions and building synergies with their existing platform
  • Leveraging data procured to offer bespoke travel solutions to their Buyers and Suppliers

Axis Capital Limited is the book-running lead manager of the TBO Tek IPO. Kfin Technologies Limited is the Registrar for TBO Tek IPO.

TBO Tek IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.

What is TBO Tek IPO?

TBO Tek IPO, based in New Delhi, operates in the   Travel And Tourism sector with a focus on travel distribution platform. The company is launching its MainBoard IPO on the BSE,NSE exchange, using the Book Building Issue method. TBO Tek IPO size is ₹ 1550.81 Cr. with fresh issue size of ₹ 400.00 Cr. and Offer for sale being ₹ 1150.81Cr.

When is TBO Tek IPO allotment?

The IPO allotment date for TBO Tek IPO is expected to be 13th May 2024, after the finalization of basis of allotment. Investors can check TBO Tek IPO allotment status on the registrars website, Kfin Technologies Limited . TBO Tek IPO refund dates are 14th May 2024.

When is TBO Tek IPO listing date?

TBO Tek IPO is expected to be listed on 15th May 2024.

What is the price band for TBO Tek IPO?

The upper price band for the TBO Tek IPO is set at ₹ 920.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.

What is TBO Tek IPO Review?

For IPO analysis on TBO Tek IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.

How to Apply for TBO Tek IPO?

To apply for the TBO Tek IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 10th May 2024. After submission, funds are blocked until the basis of allotment of TBO Tek IPO is finalised.

Who is the merchant banker of TBO Tek IPO?

The merchant banker for TBO Tek IPO is Axis Capital Limited , Goldman Sachs (India) Securities Private Limited , Jefferies India Private Limited , Jm Financial Limited . Axis Capital Limited , Goldman Sachs (India) Securities Private Limited , Jefferies India Private Limited , Jm Financial Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the TBO Tek IPO RHP for further details.

Who is the Registrar of TBO Tek IPO?

The registrar for TBO Tek IPO is Kfin Technologies Limited . Investors can go to Kfin Technologies Limited registrar website for IPO allotment status, refund processing, and other queries related to TBO Tek IPO through their official website or helpline.

What is the TBO Tek IPO subscription?

TBO Tek IPO was subscribed 86.69 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.

IPO Key Highlights

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FAQs

TBO Tek IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on TBO Tek Financial Review Page

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 1305.45.

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