TBO Tek Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 12,618,012 (75%) | — | ₹116,086 Cr |
| NII (HNI) | — | 2,523,602 (15%) | — | ₹23,217 Cr |
| Retail | — | 1,682,401 (10%) | — | ₹1,548 Cr |
| Employee | — | 32,608 (0%) | — | ₹30 Cr |
| Σ Total | — | 16,856,623 (100%) | — | ₹1,550,809 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 16 | ₹14,720 |
| Retail (Max) | 13 | 208 | ₹191,360 |
| S-HNI (Min) | 14 | 224 | ₹206,080 |
| B-HNI (Min) | 67 | 1,072 | ₹986,240 |
Financial Statements Amount in Crore
| Metric | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 1,040 | 1,086 | 512 |
| Profit After Tax | 154 | 148 | 34 |
| Net Worth | 501 | 337 | 232 |
| Total Assets | 3,754 | 2,558 | 1,271 |
| Reserves & Surplus | 478 | 318 | 214 |
| Total Borrowing | 3 | 6 | 3 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects 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; and –
- Leveraging data procured to offer bespoke travel solutions to our Buyers and Suppliers. –
Company Overview
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.