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TBO Tek IPO Details 2024

IPO Status: Listed [8th May 2024 to 10th May 2024]

Rated 3/5 by Team InvestorGain
TBO Tek IPO Detail

TBO Tek IPO, a Mainline IPO of ₹1550.81 Cr was launced on 08-05-2024 to 10-05-2024 and the shares got listed on BSE, NSE on 15-05-2024.

The public issue of TBO Tek IPO (TBOTEK,544174) was offered at ₹920.00 per share and the ipo was listed at ₹1426.00. It has delivered listing gain of 55.00%.

As the minimum lot size was 16 shares, the IPO has offered Rs 8096.00 per lot return on listing.

TBO Tek IPO Details

IPO Issue Opening Date: 8th May 2024
IPO Issue Closing Date: 10th May 2024
IPO Issue Price: ₹875.00-920.00 Per Share
DRHP: Download DRHP
RHP: Download RHP
Anchor List: Download Anchor List
IPO Listing At: BSE, NSE
Retail Quota: Not more than 10.00% of the Offer
IPO Issue Type: Book Build Issue
IPO Issue Size: ₹1550.81 Cr
Offer for Sale: ₹1150.81 Cr
Fresh Issue: ₹400.00 Cr
Face Value: ₹1 Per Equity Share
IPO Discount: TBD
Promoter Holding Pre IPO: 51.26%
Promoter Holding Post IPO:
Allotment Status: Allotment Status
BSE Code: 544174

TBO Tek IPO Important Dates

Get important updates regarding TBO Tek IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.

TBO Tek IPO dates
IPO Activity Date
Basis of Allotment Date* 13th May 2024
Refunds Initiation* 14th May 2024
Credit of Shares to Demat* 14th May 2024
IPO Listing Date* 15th May 2024

* - Tentative Dates

TBO Tek IPO Lots

IPO Activity Date
Issue Price ₹875.00-920.00
Market Lot: 16 Shares
1 Lot Amount: ₹14720
Min Small HNI Lots(2-10 Lakh): 224 shares (14 lots)
Min Big HNI Lots(10+ Lakh): 1088 shares (68 lots)


GMP DateIPO PriceGMPSub2 Sauda RateExpected Listing GainLast Updated
15-05-2024920.003003600/50400₹1220 (32.61%)15-May-2024 10:27

**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.

About Company - TBO Tek

TBO Tek Limited was founded in November 2006 and is a leading global travel distribution platform. They make the business of travel simpler for suppliers, such as hotels, airlines, cruises, car rentals, transfers, and rail, and retail & API buyers, such as travel agencies, independent travel advisors, and enterprise buyers including tour operators, travel management companies, online travel companies, super-apps, and loyalty apps.

Its platform enables the large and fragmented base of suppliers to display and market their inventory to a large and fragmented global buyer base. For buyers, their 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.

TBO Tek Limited has two main revenue models for their transactions. The first model is the B2B Rate Model, in which they receive inventory from suppliers and add a certain markup before passing it on to buyers. The second model is the Commission Model. Here, the supplier sets the price at which they want to sell to the end traveler, and TBO Tek Limited receives a commission from the supplier. TBO Tek Limited retains a part of the commission and shares the rest with the buyer.

TBO Tek IPO Strengths

  • 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.
  • Capital efficient business model with a combination of sustainable growth.
Incorporation Sector IPO Issue Size Website
2006 Computers - Software & Consulting ₹1550.81 Cr

TBO Tek IPO Objective

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  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; and
  4. Leveraging data procured to offer bespoke travel solutions to our Buyers and Suppliers.

Our experts can help you prepare for SME IPO

TBO Tek IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 5,047,204 Shares
  • Non-Institutional Investors: 2,523,602 Shares
  • Retail Individual Investor: 1,682,401 Shares
  • Employees Quota: 32,609 Shares
IPO Bidding Live Updates from BSE + NSE
 # of Shares Offered5,047,204 (54.35%)2,523,602 (27.18%)1,682,401 (18.12%)32,6099,285,816
18th May 2024 19:040.01x2.11x3.38x2.36x1.20x
29th May 2024 19:040.17x8.21x10.14x6.63x4.18x
310th May 2024 18:21125.51x50.60x25.72x17.81x86.69x

TBO Tek Limited Financial Information (Restated Consolidated)

TBO Tek Limited's revenue increased by 112.09% and profit after tax (PAT) rose by 340.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Profit After Tax154.18148.4933.72-34.14
Net Worth501.21337.19231.90204.07
Reserves and Surplus478.43317.57214.08197.58
Total Borrowing2.936.362.69
Amount in ₹ Crore

TBO Tek IPO Peer Comparison

The table below show peer comparison from DRHP/RHP.

CompanyEPS BasicEPS DilutedNAVP/E(x)RoNWFinancial statements
TBO Tek Limited14.2114.0733.2244.04Consolidated
Rategain Travel Technologies Limited6.296.3365.67113.319.64Consolidated
Travel CTM28.1428.04425.228.346.62Consolidated
Webjet Ltd2.012.01115.95213.161.74Consolidated

Company Address

TBO Tek Limited
E - 78, South Extension Part I
New Delhi,Delhi-110 049
Phone: +91 124 499 8999
Email: [email protected]

TBO Tek IPO Registrar

Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India - 500 032.
Phone: 04067162222, 04079611000
Email: [email protected]
TBO Tek IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for TBO Tek? Should I apply in TBO Tek IPO?

Last Updated on 19-May-2024 07:02:47


Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase TBO Tek IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply TBO Tek IPO with Zerodha.

Alternate approch to apply in TBO Tek IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

TBO Tek IPO Review and Important Updates

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Apply in TBO Tek IPO online

To subscribe or apply in TBO Tek IPO, you can use the following methods:

TBO Tek IPO Applying Mode
Online Application3-in-1 Trading Account

If your broker is 3-in-1 service provider, you can apply in TBO Tek IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

Online Application2-in-1 Trading Account

Brokers like Zerodha, TradeSmart Online provides access to applying in TBO Tek IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

Online ApplicationASBA

This is one of the most popular mode of applying in TBO Tek IPO. Most of the Syndicate Banks provide access to apply in TBO Tek IPO via ASBA process. You must have your net banking access, DP ID information to apply in TBO Tek IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

Offline ApplicationPhysical Form

You can apply in TBO Tek IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

TBO Tek IPO Review and Important Updates

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Applying in TBO Tek IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download TBO Tek IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

For more details on how to use UPI payment method to apply TBO Tek IPO, please refer article >> Link

TBO Tek IPO Review and Important Updates

Steps to download the online application form for TBO Tek IPO

  • Step1:Click here.
  • Step2: Click on “Bid-cum Application Form Download
  • Step3: Above Step will open an online form.
  • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
  • Step5: Fill bid details - min 16 and max 208 shares (13 lots).
  • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
  • Step7: This will fill your application online and give you a pdf file.
  • Step8: Take a print of this document and go to your bank for UPI transactions.
  • Or

  • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

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TBO Tek IPO is going to be list on 15-05-2024. NSE Code for TBO Tek is TBOTEK. BSE Code for TBO Tek is 544174.

Other relevant questions:

When TBO Tek IPO will be listing? TBO Tek IPO NSE listing date?TBO Tek IPO date of listing.TBO Tek IPO BSE listing date?


TBO Tek IPO Allotment Date is 13-05-2024.

Other relevant questions:

TBO Tek IPO share allotment date?TBO Tek IPO allotment date?


User Reviews

4. Hanifa Hassain Apr 29 2024 11:52:51 PM Reply
TBO Tek IPO expected listing gain.
3. Namdeo Bendgude Apr 29 2024 11:52:51 PM Reply
Please confirm TBO Tek IPO GMP (grey market premium) and kostak.
2. DAVINDER SINGH Apr 29 2024 11:52:51 PM Reply
TBO Tek IPO good or bad.
1. JAPA RAJINIKARREDDY Apr 29 2024 11:52:51 PM Reply
TBO Tek IPO whether to invest or not.