TBO Tek Limited IPO Opens On May 08. Check IPO Details Issue Date Price.


TBO Tek Limited IPO Opens On May 08. Check IPO Details Issue Date Price.

May 07, 2024
TBO Tek Limited IPO Opens On May 08. Check IPO Details Issue Date Price.

TBO Tek Limited is coming out with a public issue to raise Rs 1550.81 crores from the market.

Below are the details of the TBO Tek Limited IPO:

  • Issue opens – May 08 (Wednesday)
  • Issue closes – May 10 (Friday)
  • Issue size – Rs 1550.81 crores
  • Price band – Rs 875 to 920 per equity share
  • Bid lot – 16 shares and in multiples thereof

And here are some details of the company and further details on the IPO.

Company Details:

  • TBO Tek Limited are one of the leading travel distribution platform in the global travel and tourism industry in terms of GTV and revenue from operations for Fiscal 2023 providing a wide range of offerings operating in over 100 countries (Source: 1Lattice Report) by providing Buyers with a comprehensive travel inventory according to the needs of their customers; and supporting a wide range of currencies along with forex assistances. (Source: 1Lattice Report) They simplify the business of travel for suppliers such as hotels, airlines, car rentals, transfers, cruises, insurance, rail and others (collectively, “Suppliers”), and retail buyers such as travel agencies and independent travel advisors (“Retail Buyers”); and enterprise buyers that include tour operators, travel management companies, online travel companies, super-apps and loyalty apps (“Enterprise Buyers”, together with Retail Buyers, “Buyers”) through their two-sided technology platform that enables Suppliers and Buyers to transact seamlessly with each other.
  • Their platform allows the large and fragmented base of Suppliers to display and market inventory to, and set prices for, the 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. They have two key revenue models for their transaction, i.e., B2B Rate Model where they receive inventory from Suppliers on which they apply a certain mark-up and pass on to the Buyers and Commission Model where their Suppliers fix the price at which they want to sell to the end traveller on which receive commission from the Supplier part of which they retain and part of which they share with the Buyer.
  • Their business solutions aim to solve problems of discovery, reliability, transactions, and service by aggregating global travel supply and global travel demand on one platform and by enabling Buyers and Suppliers to transact seamlessly. They aggregate supply from hotels, airlines, car rental companies, transfer providers, cruise companies and other via direct connectivity or through third party aggregators. They classify Buyers into two broad categories, Retail Buyers and Enterprise Buyers. Retail Buyers are typically small businesses such as travel agencies or travel advisors operating independently. They use their retail selling platform to search, book and pay for global travel supply. On the other hand, Enterprise Buyers comprise large travel businesses such as tour operators, travel management companies and online travel agencies, as well as digital native businesses such as ecommerce portals and super apps. Enterprise buyers usually use their Extensible Markup Language (“XML”) or JavaScript Object Notation (“JSON”) application programming interface (“API”) to transact through their platform.

Issue Size: Rs. 1550.81 crores

Employee Reservation:Equity Shares aggregating up to Rs.3 /- crores

Issue break-up:

  • QIB – 75% of the net offer – Rs 1160.86 crores
  • NIB – 15% of the net offer – Rs 232.17 crores
  • RET – 10% of the net offer – Rs 154.78 crores

Listing: BSE and NSE

Registrar: KFin Technologies Limited

UPI: All Retail & NII bidders' (bids up to Rs. 5,00,000) applications through brokers are compulsorily in UPI Mode.


Application made using third-party UPI or ASBA Bank A/c are liable to be rejected.

The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs 5,00,000) shall expire at 5 PM on the closing day of the IPO i.e. Friday, May 10, 2024

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