Embark on a journey through the prospects of TBO Tek Limited as it gears up for its Initial Public Offering (IPO). Delve into the complexities of this pioneering travel distribution platform and discover its potential for investors.
TBO Tek Limited's IPO will open from May 8th to May 10th, 2024. The offering comprises a fresh issue of Rs. 400 crores and an Offer-for-Sale (OFS) of Rs. 1,150.81 crores. The share allotment date is set for May 13th, 2024, and the listing on stock exchanges is slated for May 15th, 2024.
The price band and lot size have yet to be disclosed. Leading the IPO are Axis Capital Limited, Goldman Sachs (India) Securities Private Limited, Jefferies India Private Limited, and JM Financial Limited, who are the book-running lead managers. KF in Technologies Limited serves as the registrar.
| Particular | Details |
|---|---|
| IPO Period | May 8th to May 10th, 2024 |
| IPO Offering | Fresh issue of Rs. 1,550.81 crore |
| Share Allotment Date | May 13th, 2024 |
| Listing Date | May 15th, 2024 |
| Lead Managers | Axis Capital Limited, Goldman Sachs (India) Securities Private Limited, Jefferies India Private Limited, JM Financial Limited |
| Registrar | KFin Technologies Limited |
Checkout the List of Upcoming IPO
Established in 2006, TBO Tek Limited is a formidable player in travel distribution platforms. With a global footprint spanning more than 100 countries, the company is a leader in the travel and tourism industry. Operating with two revenue models, namely the B2B Rate Model and the Commission Model, TBO Tek caters to a diverse clientele across various continents.
Boasting a workforce of over 2000 employees and supporting 11 languages on its platform, TBO Tek has cemented its presence in key regions, including India, the Middle East & Africa, Europe, Latin America, North America, and APAC.
| Particulars | 31 December 2023 (in Crores) | 2023 (in Crores) | 2022 (in Crores) |
|---|---|---|---|
| Revenue from operations | 1,039.56 | 1,085.77 | 511.93 |
| Reserves and Surplus | 478.43 | 317.57 | 214.08 |
| Profit After Tax (PAT) | 154.18 | 148.49 | 33.72 |
| Strengths | Weaknesses |
|---|---|
| Platform creates a network effect with interlinked flywheels. | Exposed to pricing pressure from Suppliers. |
| Modular and scalable proprietary technology platform for diversified growth. | Operations in a highly competitive industry. |
| Ability to generate and leverage large data assets. | Risks related to online payment methods. |
| Capital-efficient business model with sustainable growth. | Majority revenues derived from a subsidiary. |
| Majority portion of revenues from hotels and ancillary bookings. | High working capital requirements. |
| Experienced management team steering the company forward. | Reported losses in the past. |
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The share allotment for TBO Tek IPO is scheduled for May 13th, 2024.
The potential listing gains for TBO Tek IPO will depend on market conditions and investor sentiment.
Investors can approve the UPI mandate request through their respective bank's mobile application or net banking portal.
TBO Tek Limited operates as a travel distribution platform, offering services to more than 100 countries globally.
The price band for TBO Tek IPO is Rs. 875 to Rs. 920 per share.
TBO Tek Limited operates as a travel distribution platform, offering services to more than 100 countries globally.
The minimum lot size for TBO Tek IPO is 16 shares per lot.
The minimum investment required will depend on the price per share and the investor's lot size.
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