IPO Details

Bidding Dates

To be announced

Minimum Investment

To be announced

Price Range

To be announced

Maximum Investment

To be announced

Retail Discount

To be announced

Issue Size

To be announced

Investor category and sub category

To be announced

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Open Date

To be announced

About Company

TBO TEK Limited has filed preliminary papers for a Rs 21000 crore IPO, consisting of Rs 900 crore worth of fresh issues and Rs 1200 crore is offer for sale equities. The company offers a technology platform to travel agents to simplify air ticket booking.

The company is one of the leading global travel distribution platforms, simplifying the travel business for suppliers like hotels, airlines, car rentals, transfers, cruises, insurance, rail and others. Their platform also caters to retail and enterprise buyers such as travel agencies, independent travel advisors, tour organisers and others. Their technology platform consolidates the large and fragmented base of Suppliers to display and market inventory to and set prices for the large and fragmented global Buyer base.

Founded in 2006, they operate in more than 100 countries. TBO TEK Ltd. ranks second in Billing and Settlement Plan (“BSP”) in India.



TBO TEK Ltd. Objective 

  • The company proposes to utilise the net proceeds from new shares to strengthen its technology platform by acquiring new buyers and sellers. 
  • The capital will be used for strategic acquisition and promoting inorganic growth.

Why should you invest in TBO TEK Ltd. IPO?

Here are our top reasons.

  • They are a leading travel distribution platform, operating in the different travel segments of leisure, corporate and religious travel, amongst others.
  • The company has increased their market share from 2020 to 2021 to climb up in ranking from fourth to second. 
  • The global travel tourism industry is one of the largest sectors, accounting for more than 10.4% of the worldwide GDP in 2019.

Competitive Peers

There are no listed companies in India that engage in a business similar to that of the Company. Accordingly, it is not possible to provide an industry comparison in relation to the business.

IPO Financials

Particulars FY21 FY20 FY19
Revenue From Operation 1,418.06 5,707.92 4,408.55
EBITDA 226.89 849.46 437.79
EBITDA Margin (%) 16.00 4.88 9.93
Profit After Tax 341.44 729.28 263.33
EPS 3.28 7.00 2.53
ROE NA NA NA

Know before investing

Strengths

3

  1. The company made a successful and robust recovery after COVID-19.

  2. Hotels across the globe use their platform to update live inventories. The company uses analytical models to access the data and push pricing and personalisation recommendations to the Retail Buyer interface of its platform.

  3. TEK Ltd. provides single window access to over 100,000 buyers, whereas suppliers get easy and cost-effective ways to sell their products and services globally.

Risks

3

  1. COVID-19 has impacted the business and is expected to continue having an adverse effect.

  2. Any factor negatively impacting the global tourism and travel segment will affect the company’s future cash flow.

  3. The company is dependent on its supplier to continue earning revenue. Any adverse relationship change or failure to acquire new suppliers will impact profitability.

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TBO TEK Limited IPO FAQs

What is TBO TEK Ltd. IPO?

TEK Limited will float a public issue of Rs 21000 crore IPO, consisting of Rs 900 crore in fresh issues and Rs 1200 crore is an offer for sale of equities.

When will TBO TEK Ltd. IPO allotment be available?

Details not available.

What will be TBO TEK Ltd. IPO lot size?

Details not available.

When will TBO TEK Ltd. IPO open for subscription?

Details not available.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

When will TBO TEK Ltd. list on exchanges?

It usually takes ten working days from the last day of subscription to list the IPO on the bourses.

How to check the allotment status of TBO TEK Ltd. IPO?

Angel One customers need to log in to their accounts to check TBO TEK Ltd. IPO allotment status.

When checking the allotment status, keep your application, DP ID, and PAN number ready.

What would be the listing gains on TBO TEK Ltd. IPO?

Listing gain is the difference between the IPO’s opening and offer prices.

The listing gain results from changing investors’ interests, global parameters, and short vs long-term outlooks.

I have finished the application process for TBO TEK Ltd. IPO, but the funds are not yet debited. What is the reason?

The bank initially blocks the amount you bid for an IPO. It will debit the amount when the shares get allotted or unblock it after the UPI mandate expiry date.

How to approve the UPI mandate request for the TBO TEK Ltd. IPO?

Login to your UPI handle and approve the payment mandate to complete the IPO application process.

Can I submit more than one application for the public issue of TBO TEK Ltd. using one PAN?

You can submit only one application using one PAN card.

What is the minimum order quantity for TBO TEK Ltd. IPO?

The minimum size of the application will be one lot.