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TBO TEK Limited IPO

TBO TEK Limited has filed preliminary papers for a Rs 2100 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.

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Opening Date

To be announced

Closing Date

To be announced

Price Band

To be announced

Issue Size

To be announced

Face Value

To be announced

Market Lot

To be announced

Listing at NSE, BSE

TBO TEK Ltd. IPO Important Dates

IPO Open Date To be announced
IPO Close Date To be announced
Allotment Date To be announced
Initiation Of Refunds To be announced
Credit Of Shares To
Demat Account
To be announced
IPO Listing Date To be announced
UPI Mandate Expiry Date To be announced

View all upcoming IPOs

About TBO TEK Ltd.

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. IPO Objectives

• 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 the 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.

Financial Highlights

Particulars For the year/period ended (₹ in million)
  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

How to apply for TBO TEK Limited IPO?

Retail investors need to apply for the IPO using UPI.

UPI

  • Link your bank account to a UPI ID.
  • Register your UPI id with your Demat account.
  • Subscribe for TBO TEK Ltd. IPO and approve the payment on your UPI ID.

Demat Account

  • If you are an existing Angel One user, Pre-Apply Now!
  • If you’re a new investor, open an Angel One Demat account for free and begin your investment journey.

TBO TEK Ltd. IPO Noteworthy Highlights:

  • They have an overall 12.12% market share in BSP India revenue in the calendar year 2021, which increased from 8.79% in 2020.
  • The Goss Trade Volume between 2017 and 2020 grew at 28.52% CAGR.

The Brand’s Pros & Cons:

Pros Cons
The company made a successful and robust recovery after COVID-19. COVID-19 has impacted the business and is expected to continue having an adverse effect.
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. Any factor negatively impacting the global tourism and travel segment will affect the company’s future cash flow.
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. The company is dependent on its supplier to continue earning revenue. Any adverse relationship change or failure to acquire new suppliers will impact profitability.

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.

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 are not available.

What will be TBO TEK Ltd. IPO lot size?

Details are not available.

When will TBO TEK Ltd. IPO open for subscription?

Details are not available.

What minimum lot size can retail investors subscribe to?

The minimum investment size is one lot for retail investors.

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 can 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.

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