We are one of the leading travel distribution platform in the global travel and tourism industry by providing Buyers with a comprehensive travel inventory according to the needs of their customers; and supporting a wide range of currencies along with forex assistances.
We simplify the business of travel for suppliers such as hotels, airlines, car rentals, transfers, cruises, insurance, rail and others (collectively, “Suppliers”), and retail buyers such as travel agencies and independent travel advisors (“Retail Buyers”); and enterprise buyers that include tour operators, travel management companies, online travel companies, super-apps and loyalty apps (“Enterprise Buyers”, together with Retail Buyers, “Buyers”) through our two-sided technology platform that enables Suppliers and Buyers to transact seamlessly with each other.
Our platform allows the large and fragmented base of Suppliers to display and market inventory to, and set prices for, the large and fragmented global Buyer base. For Buyers, our platform is an integrated, multi-currency and multi-lingual one-stop solution that helps them discover and book travel for destinations worldwide, across various travel segments such as leisure, corporate and religious travel.
Table of Contents
ToggleTBO Tek IPO Date & Price Band Details
IPO Open Date
8 May 2024
IPO Close Date
10 May 2024
IPO Size
16,856,623 shares (Approx ₹1,550.81 Cr)
Fresh Issue
4,347,826 shares (Approx ₹400.00 Cr)
OFS
12,508,797 shares of ₹1 (Approx ₹1,150.81 Cr)
Lot Size
16 Shares
IPO Face Value
₹10 Per Equity Share"
IPO Price Band
₹875 to ₹920 Per Every Share
IPO Listing On
BSE NSE
IPO Retail Quota
10%
IPO QIB Quota
75%
IPO NII Quota
15%
DRHP Draft
Click Here
Anchor Investor
Click Here
TBO Tek IPO Market Lot Details
Application
Lot Size
Shares
Amount
Retail Minimum
1
16
₹14,720
Retail Maximum
13
208
₹191,360
S-HNI Minimum
14
224
₹206,080
S-HNI Maximum
67
1072
₹986,240
B-HNI Minimum
68
1088
₹1,000,960
Object of the Issue
- Expansion of the Supplier and Buyer base.
- Amplification of value of our platform by adding new lines of businesses.
- Inorganic growth through selective acquisitions and building synergies with our existing platform.
- Leveraging data procured to offer bespoke travel solutions to our Buyers and Suppliers.
TBO Tek IPO Allotment & Listing Date (Details)
IPO Open Date
8 May 2024
IPO Close Date
10 May 2024
Basis of Allotment
13 May 2024
Refunds
14 May 2024
Credit to Demat Account
14 May 2024
IPO Listing Date
15 May 2024
TBO Tek Financial Reports
₹ in Crores
Year
Revenue
Expense
PAT
Dec 2023
₹1039.47
₹858.74
₹154.18
2023
₹1085.78
₹914.42
₹148.49
2022
₹511.93
₹470.46
₹33.72
2021
₹176.54
₹176.81
₹34.14
Comparison of Accounting Ratios with Listed Industry Peers
- TBO Tek Limited
- Rategain Travel Technologies Limited
- Travel CTM
- Webjet Ltd
TBO Tek Comparison Listed Industry Peers Group
Company Name
Face Value
EPS
P/E Ratio
Ro NW (%)
NAV Per
Revenue (in ₹ million )
TBO Tek Limited
1
14.21
[.]
44.04%
33.22
10,645.87
Listed Indian Peers
Rategain Travel Technologies Limited
1
6.29
98.7
9.06%
65.07
5,651
Listed Global Peers
Travel CTM
N/A
28.14
30.7
6.06%
425.02
34,630
Webjet Ltd
N/A
2.01
157.1
1.07%
116.00
19,313
OUR PROMOTERS
- Ankush Nijhawan
- Gaurav Bhatnagar
- Manish Dhingra
- LAP Travel Private Limited
Qualitative Factors
- Platform creating network effect with interlinked flywheels to enhance the value proposition for partners.
- Modular and scalable proprietary technology platform allowing the addition of new lines of business, markets, and travel
products. - Ability to generate and leverage large data assets.
- Data-driven decision-making across the enterprise.
- Founders’led company supported by an experienced professional management team with deep travel and technology expertise.
- A capital-efficient business model with a combination of sustainable growth.
TBO Tek Limited Contact Details
TBO Tek LimitedE-78,
South Extension Part –I,
New Delhi 110049, India
Email: corporatesecretarial@tbo.com
Telephone: +91 124 499 8999
Webiste: www.tbo.com
TBO Tek Limited IPO Register
KFin Technologies Limited (formerly known as KFin Technologies Private Limited)
Selenium Tower B
PlotNo.31 and32
Financial District, Nanakramguda
Serilingampally, Hyderabad–500 032
Telangana, India
Tel: +91 40 6716 2222
Email: tbo.ipo@kfintech.com
Website: www.kfintech.com
Investor grievance e-mail: einward.ris@kfintech.com
Contact person: M.MuraliKrishna
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