TBO Tek Limited IPO: Get Date, Price, Review and Details

TBO Tek Limited: About the Company

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.

TBO Tek Limited IPO Details:

IPO Date

May 08, 2024 to May 10, 2024

Face Value

Rs. 1/- per share

Price Band

Rs. 875 to Rs. 920 per share

Lot Size

16 shares and in multiples thereof

Issue Size

Rs. 1,550.81 Crores

-        Fresh Issue – Rs. 400 Crores

-        Offer for Sale – Rs. 1,150.81 Crores

Expected Post-Issue Market Cap

Rs. 9,990 Crores (At upper price band)

Objectives of IPO:

The company intends to utilize the fresh proceeds from the issue towards the following objects:

  • Expansion of supplier and buyer base.
  • Amplification of its platform by adding new lines of business.
  • Inorganic growth through selective acquisitions and building synergies with its existing platform.
  • Leveraging data procured to offer bespoke travel solutions to its buyers and suppliers.

Download App to know your Andekha Sach

Get the link to download the app.

Google Play Store App Store
Samco Fast Trading App

Leave A Comment?