TBO Tek IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
May 08 to May 10 2024
Price Band
₹875 - 920
Current GMP
₹1426(55.0%)
Subscription
86.69 times
IPO Details
| IPO Date | May 8, 2024 to May 10, 2024 |
| Listing Date | Wednesday, May 15, 2024 |
| Face Value | ₹1 per share |
| Price Band | ₹875 to ₹920 per share |
| Lot Size | 16 Shares |
| Total Issue Size | 16,856,623 shares (aggregating up to ₹1,550.81 Cr) |
| Fresh Issue | 4,347,826 shares (aggregating up to ₹400.00 Cr) |
| Offer for Sale | 12,508,797 shares of ₹1 (aggregating up to ₹1,150.81 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 104,239,961 |
| Share holding post issue | 108,587,787 |
IPO Date
May 8, 2024 to May 10, 2024
Listing Date
Wednesday, May 15, 2024
Face Value
₹1 per share
Price Band
₹875 to ₹920 per share
Lot Size
16 Shares
Total Issue Size
16,856,623 shares (aggregating up to ₹1,550.81 Cr)
Fresh Issue
4,347,826 shares (aggregating up to ₹400.00 Cr)
Offer for Sale
12,508,797 shares of ₹1 (aggregating up to ₹1,150.81 Cr)
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE
Share holding pre issue
104,239,961
Share holding post issue
108,587,787
IPO Subscription Details
| Anchor Investors | 1 |
| Qualified Institutions | 125.51 |
| Non-Institutional Buyers | 50.60 |
| bNII (bids above ₹10L) | 55.82 |
| sNII (bids below ₹10L) | 40.15 |
| Retail Investors | 25.72 |
| Employees | 17.81 |
| Total ** | 86.69 |
Anchor Investors
1
Qualified Institutions
125.51
Non-Institutional Buyers
50.60
bNII (bids above ₹10L)
55.82
sNII (bids below ₹10L)
40.15
Retail Investors
25.72
Employees
17.81
Total **
86.69
Day Wise Sub
| Day | QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|---|
| Day 1 May 8, 2024 | 0.01 | 2.11 | 3.38 | 2.36 | 1.20 |
| Day 2 May 9, 2024 | 0.17 | 8.21 | 10.14 | 6.63 | 4.18 |
| Day 3 May 10, 2024 | 125.51 | 50.60 | 25.72 | 17.81 | 86.69 |
DayDay 1
May 8, 2024
QIB0.01
NII2.11
Retail3.38
EMP2.36
Total1.20
DayDay 2
May 9, 2024
QIB0.17
NII8.21
Retail10.14
EMP6.63
Total4.18
DayDay 3
May 10, 2024
QIB125.51
NII50.60
Retail25.72
EMP17.81
Total86.69
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 15-05-2024 | 920.00 | 350(38.04%) | 1270 |
| 14-05-2024 | 920.00 | 350(38.04%) | 1270 |
| 13-05-2024 | 920.00 | 455(49.46%) | 1375 |
| 12-05-2024 | 920.00 | 508(55.22%) | 1428 |
| 11-05-2024 | 920.00 | 510(55.43%) | 1430 |
| 10-05-2024 | 920.00 | 535(58.15%) | 1455 |
| 09-05-2024 | 920.00 | 540(58.7%) | 1460 |
| 08-05-2024 | 920.00 | 540(58.7%) | 1460 |
| 07-05-2024 | 920.00 | 530(57.61%) | 1450 |
| 06-05-2024 | 920.00 | 530(57.61%) | 1450 |
| 05-05-2024 | 920.00 | 510(55.43%) | 1430 |
| 04-05-2024 | 920.00 | 520(56.52%) | 1440 |
| 03-05-2024 | 920.00 | 460(50.0%) | 1380 |
Date15-05-2024
Price920.00
GMP350(38.04%)
Estimate List Price1270
Date14-05-2024
Price920.00
GMP350(38.04%)
Estimate List Price1270
Date13-05-2024
Price920.00
GMP455(49.46%)
Estimate List Price1375
Date12-05-2024
Price920.00
GMP508(55.22%)
Estimate List Price1428
Date11-05-2024
Price920.00
GMP510(55.43%)
Estimate List Price1430
Date10-05-2024
Price920.00
GMP535(58.15%)
Estimate List Price1455
Date09-05-2024
Price920.00
GMP540(58.7%)
Estimate List Price1460
Date08-05-2024
Price920.00
GMP540(58.7%)
Estimate List Price1460
Date07-05-2024
Price920.00
GMP530(57.61%)
Estimate List Price1450
Date06-05-2024
Price920.00
GMP530(57.61%)
Estimate List Price1450
Date05-05-2024
Price920.00
GMP510(55.43%)
Estimate List Price1430
Date04-05-2024
Price920.00
GMP520(56.52%)
Estimate List Price1440
Date03-05-2024
Price920.00
GMP460(50.0%)
Estimate List Price1380
IPO Important Dates
| 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 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
| Application | Lots | Shares | 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 |
ApplicationRetail (Min)
Lots1
Shares16
Amount₹14,720
ApplicationRetail (Max)
Lots13
Shares208
Amount₹191,360
ApplicationS-HNI (Min)
Lots14
Shares224
Amount₹206,080
ApplicationS-HNI (Max)
Lots67
Shares1,072
Amount₹986,240
ApplicationB-HNI (Min)
Lots68
Shares1,088
Amount₹1,000,960
Financial Information
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 3,754.05 | 2,557.93 | 1,271.43 |
| Revenue | 1,039.56 | 1,085.77 | 511.93 |
| Profit After Tax | 154.18 | 148.49 | 33.72 |
| Net Worth | 501.21 | 337.19 | 231.90 |
| Reserves and Surplus | 478.43 | 317.57 | 214.08 |
| Total Borrowing | 2.93 | 6.36 | 2.69 |
Period EndedPeriod Ended
31 Dec 202331 Dec 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Dec 20233,754.05
31 Mar 20232,557.93
31 Mar 20221,271.43
Period EndedRevenue
31 Dec 20231,039.56
31 Mar 20231,085.77
31 Mar 2022511.93
Period EndedProfit After Tax
31 Dec 2023154.18
31 Mar 2023148.49
31 Mar 202233.72
Period EndedNet Worth
31 Dec 2023501.21
31 Mar 2023337.19
31 Mar 2022231.90
Period EndedReserves and Surplus
31 Dec 2023478.43
31 Mar 2023317.57
31 Mar 2022214.08
Period EndedTotal Borrowing
31 Dec 20232.93
31 Mar 20236.36
31 Mar 20222.69
Key Performance Indicator
| RoNW | 30.76 |
| P/BV | 18.66 |
| EPS (Rs) | 14.25 |
RoNW
30.76
P/BV
18.66
EPS (Rs)
14.25
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 7,570,807 (44.91%) | NA |
| QIB Shares Offered | 5,047,204 (29.94%) | NA |
| NII (HNI) Shares Offered | 2,523,602 (14.97%) | |
| bNII > ₹10L | 1,682,401 (9.98%) | 7,510 |
| sNII < ₹10L | 841,201 (4.99%) | 3,755 |
| Retail Shares Offered | 1,682,401 (9.98%) | 105,150 |
| Employee Shares Offered | 32,609 (0.19%) | NA |
| Total Shares Offered | 16,856,623 (100%) |
Investor CategoryAnchor Investor Shares Offered
Shares Offered7,570,807 (44.91%)
Maximum AllotteesNA
Investor CategoryQIB Shares Offered
Shares Offered5,047,204 (29.94%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered2,523,602 (14.97%)
Maximum Allottees
Investor CategorybNII > ₹10L
Shares Offered1,682,401 (9.98%)
Maximum Allottees7,510
Investor CategorysNII < ₹10L
Shares Offered841,201 (4.99%)
Maximum Allottees3,755
Investor CategoryRetail Shares Offered
Shares Offered1,682,401 (9.98%)
Maximum Allottees105,150
Investor CategoryEmployee Shares Offered
Shares Offered32,609 (0.19%)
Maximum AllotteesNA
Investor CategoryTotal Shares Offered
Shares Offered16,856,623 (100%)
Maximum Allottees
Information about company
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.
Objectives of IPO
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
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; and
Leveraging data procured to offer bespoke travel solutions to our Buyers and Suppliers.
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
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