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IPO Status: Listed [8th May 2024 to 10th May 2024]
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.
| 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 |
| NSE Code: | TBOTEK |
Get important updates regarding TBO Tek IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| 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
| 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 Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 15-05-2024 | 920.00 | 300 | 3600/50400 | ₹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.
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.
| Incorporation | Sector | IPO Issue Size | Website |
| 2006 | Computers - Software & Consulting | ₹1550.81 Cr | http://www.tbo.com/ |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | EMP | Total | |
|---|---|---|---|---|---|---|
| # of Shares Offered | 5,047,204 (54.35%) | 2,523,602 (27.18%) | 1,682,401 (18.12%) | 32,609 | 9,285,816 | |
| 1 | 8th May 2024 19:04 | 0.01x | 2.11x | 3.38x | 2.36x | 1.20x |
| 2 | 9th May 2024 19:04 | 0.17x | 8.21x | 10.14x | 6.63x | 4.18x |
| 3 | 10th May 2024 18:21 | 125.51x | 50.60x | 25.72x | 17.81x | 86.69x |
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 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 |
| Revenue | 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 | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| TBO Tek Limited | 14.21 | 14.07 | 33.22 | 44.04 | Consolidated | |
| Rategain Travel Technologies Limited | 6.29 | 6.33 | 65.67 | 113.31 | 9.64 | Consolidated |
| Travel CTM | 28.14 | 28.04 | 425.2 | 28.34 | 6.62 | Consolidated |
| Webjet Ltd | 2.01 | 2.01 | 115.95 | 213.16 | 1.74 | Consolidated |
Last Updated on 18-May-2024 00:32:51
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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To subscribe or apply in TBO Tek IPO, you can use the following methods:
| TBO Tek IPO Applying Mode | ||
| Online Application | 3-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 Application | 2-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 Application | ASBA | 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 Application | Physical 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
Or
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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?
