Bidding Dates
To be announced
Minimum Investment
To be announced
Price Range
To be announced
Maximum Investment
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Retail Discount
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Issue Size
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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
The company made a successful and robust recovery after COVID-19.
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.
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
COVID-19 has impacted the business and is expected to continue having an adverse effect.
Any factor negatively impacting the global tourism and travel segment will affect the company’s future cash flow.
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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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.
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Retail investors can apply for a minimum of one lot.
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