TBO Tek Limited

Company Profile
Company Name TBO Tek Limited
Open Date 08-05-2024
Close Date 10-05-2024
Exchange BSE, NSE
Lot Size 16 Shares
Issue Price ₹875 to ₹920 per share
Issue Size 1,68,56,623 Equity Shares
Application Amount Min. Inv. - ₹ 14,720 (16 shares) Max. Inv. – ₹ 191,360 (208 Shares)
Recommendation Apply

Founded in 2006, TBO Tek Limited, previously recognized as Tek Travels Private Limited, operates as a travel distribution platform tailored to the preferences of its clientele. Operates an online B2B travel distribution platform that connects buyers and suppliers in the travel industry. The company has subsidiaries and joint ventures, including TBO Holidays, TBO Brasil, TBO Hong Kong,
TBO Singapore, and others. The platform simplifies travel transactions by centralizing them on a user-friendly interface, allowing suppliers like hotels, airlines, car rentals, and more to connect with buyers. As of December 31, 2023, the company had sold over 7,500 destinations in more than 100 countries. As of December 31st, 2023, the Company had 2000 employees on its payroll

(Read more on the review)

Financial Summary in Cr.

For the Period Ended Mar-21 Mar-22 Mar-23 Dec-23
Total Assets 576.16 1,271.43 2,557.93 3,754.05
Net Assets 204.07 231.90 337.19 501.21
Total Borrowings - 2.69 6.36 40.92
Total Revenue 176.55 511.93 1,085.77 1,039.56
Profit After Tax -34.14 33.72 148.49 154.18

Tentative Timeline

Opening Date 08/05/2024
Closing Date 10-05-2024
Basis of Allotment 13-05-2024
Initiation of Refunds 14-05-2024
Credit of Shares to Demat 14-05-2024
Listing Date 15-05-2024

Objects of the Issue

Amplification of value of the platform by adding new lines of businesses
Expansion of the Supplier and Buyer base
Inorganic growth through selective acquisitions and building synergies with the existing platform
Leveraging data procured to offer bespoke travel solutions to the Buyers and Suppliers

Contact Information

Registered Office TBO Tek Limited E - 78, South Extension Part I, New Delhi – 110 049
Phone +91 124 499 8999
Email corporatesecretarial@tbo.com
Website http://www.tbo.com/

Registrar Details

Name Kfin Technologies Limited
Phone 04067162222, 04079611000
Email tbo.ipo@kfintech.com
Website https://kosmic.kfintech.com/ipostatus/

IPO Reservation

QIB 5,047,204 (29.94%)
NII 2,523,602 (14.97%)
RII 1,682,401 (9.98%)
Anchor investors 7,570,807 (44.91%)

Shareholding Pattern

Share Holidng Promoters Pre Issue 51.26%
Share Holding Promoters Post Issue 44.41%

Contact Us to Enable Your Success!