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| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹1550.81 Cr |
| Fresh Issue | ₹400.00 Cr |
| Offer for Sale | ₹1150.81 Cr |
| Face Value | ₹1 Per Equity Share |
| Price Band | ₹875.00-920.00 per share |
| Discount | Retail: 0.00,Employee: 0.00 |
| BSE Code | 544174 |
| NSE Code | TBOTEK |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | JM Financial Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 16 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Growth and strengthening of the platform by adding new Buyers and Suppliers investment in technology and data solutions by the Company | 135.00 |
| 2 | Growth and strengthening of the platform by adding new Buyers and Suppliers investment in the Material Subsidiary, Tek Travels DMCC, for onboarding platform users through marketing and promotional activities hiring sales and contracting personnel for augmenting the Supplier and Buyer base outside India | 100.00 |
| 3 | Growth and strengthening of the platform by adding new Buyers and Suppliers investment in sales, marketing and infrastructure to support organizations growth plans in India | 25.00 |
| 4 | Unidentified inorganic acquisitions | 40.00 |
| 5 | General Corporate Purposes | 81.06 |
| Total | 381.06 |
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 3,754.05 | 2,557.93 | 1,271.43 | 576.16 |
| Total Income | 1,039.56 | 1,085.77 | 511.93 | 176.55 |
| Profit After Tax | 154.18 | 148.49 | 33.72 | -34.14 |
| NET Worth | 501.21 | 337.19 | 231.90 | 204.07 |
| Reserves and Surplus | 478.43 | 317.57 | 214.08 | 197.58 |
| Total Borrowing | 2.93 | 6.36 | 2.69 | |
| Amount in ₹ Crore | ||||
| KPI | Dec 31, 2023 |
|---|---|
| RoNW | 30.76% |
| Price to Book Value | 18.66 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 14.25 | 18.93 |
| P/E (x) | 64.58 | 48.6 |
| Promoter Holding | 51.26% | 44.41% |
| Market Cap | ₹9990.08 Cr. | |
