TBO Tek IPO opens for subscription on May 8, 2024 and closes on May 10, 2024. The allotment for the TBO Tek IPO is expected to be finalized on Monday, May 13, 2024. TBO Tek IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, May 15, 2024.
TBO Tek IPO price band is set at ₹875 to ₹920 per share. The minimum lot size for an application is 16 Shares. The minimum amount of investment required by retail investors is ₹14,720. The minimum lot size investment for sNII is 14 lots (224 shares), amounting to ₹206,080, and for bNII, it is 68 lots (1,088 shares), amounting to ₹1,000,960.
Axis Capital Limited, Jefferies India Private Limited, Goldman Sachs (India) Securities Private Limited and Jm Financial Limited are the book running lead managers of the TBO Tek IPO, while Kfin Technologies Limited is the registrar for the issue.
| IPO Opening Date | May 08, 2024 |
|---|---|
| IPO Closing Date | May 10, 2024 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹1 per share |
| IPO Price | ₹875 to ₹920 per share |
| Market Lot | 16 Shares |
| Listing At | BSE, NSE |
| Total Issue Size | 16,856,623 shares (aggregating up to ₹1,550.81 Cr) |
| Fresh Issue | 4,347,826 shares (aggregating up to ₹400.00 Cr) |
| Share holding pre issue | 104,239,961 |
| Share holding post issue | 108,587,787 |
| QIB Shares Offered | Not less than 75.00% of the Net offer |
| Retail Shares Offered | Not more than 10.00% of the Offer |
| NII (HNI) Shares Offered | Not more than 15.00% of the Offer |
TBO Tek IPO opens on May 08, 2024, and closes on May 10, 2024.
| Basis of Allotment Date | May 13, 2024 |
|---|---|
| Initiation of Refunds | May 14, 2024 |
| Credit of Shares to Demat Account | May 14, 2024 |
| IPO Listing Date | May 15, 2024 |
Investors can bid for a minimum of 16 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 16 | ₹14,720 |
| Retail (Max) | 13 | 208 | ₹191,360 |
| S-HNI (Min) | 14 | 224 | ₹206,080 |
| S-HNI (Max) | 67 | 1,072 | ₹986,240 |
| B-HNI (Min) | 68 | 1,088 | ₹1,000,960 |
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.
The Company proposes to utilise the Net Proceeds towards funding the following objects:
TBO Tek IPO is a main-board IPO of 16,856,623 equity shares of the face value of ₹1 aggregating up to ₹1,550.81 Crores. The issue is priced at ₹875 to ₹920 per share. The minimum order quantity is 16 Shares.
The IPO opens on May 8, 2024, and closes on May 10, 2024.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The TBO Tek IPO opens on May 8, 2024 and closes on May 10, 2024.
TBO Tek IPO lot size is 16 Shares, and the minimum amount required is ₹14,720.
You can apply in TBO Tek IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for TBO Tek IPO will be done on Monday, May 13, 2024, and the allotted shares will be credited to your demat account by Tuesday, May 14, 2024.
Check the IPO allotment status.
The TBO Tek IPO listing date is not yet announced. The tentative date of TBO Tek IPO listing is Wednesday, May 15, 2024.
To Bid online, you need
Demat Account and Pan card.
Login to SMC account and
select the TBO Tek IPO
Enter UPI Id & Mobile number
Place your number of bids
with the exchange
A UPI mandate is sent to your
UPI App to block your funds.