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TBO Tek Limited IPO

TBO Tek Limited IPO

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Listed Price: ₹ 1,426.00 (+55.00%)

TBO Tek Limited's achieved publicly listed status following its IPO debut on 15-05-2024 at the NSE, BSE platform. The offering successfully mobilized 1,68,56,623 Shares, with 43,47,826 Shares allocated to corporate growth initiatives and ₹1150.81 Cr providing liquidity to existing shareholders.

Investment participation occurred within the established price band of ₹875 to ₹920, starting from minimum lots of 16 shares. The subscription window from 08-05-2024 through 10-05-2024 enabled investor participation across market segments.

Share allocation was completed on 13-05-2024, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.

TBO Tek IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
TBO Tek IPO Key Performance Indicator
Company Financials ( In Crores )

TBO Tek IPO About Company

Tek Travels Private Limited, established on November 6, 2006, is a leading name in the global travel and tourism industry. As per the 1Lattice Report, it ranked highest in Gross Transaction Volume (GTV) and revenue for Fiscal 2023, operating in over 100 countries. With 2,000 employees as of December 2023, the company simplifies travel for both Suppliers (hotels, airlines) and Buyers (travel agencies, online platforms). Its advanced platform allows Suppliers to list inventory and set prices while providing Buyers with a seamless, multi-currency, multi-language booking experience. Tek Travels follows revenue models like the B2B Rate Model and Commission Model, ensuring profitable partnerships for all.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


TBO Tek IPO Strength Factors

  1. Smart Use of Data: Tek Travels uses data to make well-informed business decisions, helping the company quickly adapt to market trends and customer needs.
  2. Strong Leadership: With a visionary founder and an expert management team, Tek Travels blends travel industry knowledge with technological innovation to drive growth and success.
  3. Financially Efficient Model: The company’s smart business approach, focused on strong cash flow and cost efficiency, ensures steady growth in profitability and long-term scalability.

TBO Tek IPO Risk Factors

  1. Tough Competition: The travel industry is highly competitive, and if Tek Travels doesn’t stay ahead, it could lose market share and see an impact on its financial performance.
  2. Unique Market Positioning Challenge: Since there are no directly comparable listed peers in India or abroad, evaluating the company’s market value can be tricky, leading to potential differences in investor perception.
  3. Online Payment Risks: Relying on digital payments makes the company vulnerable to cybersecurity threats, fraud, and regulatory changes, which could affect its reputation, operations, and financial health.

TBO Tek IPO Lead Manager(s)

  • Axis Capital Limited
  • Jefferies India Private Limited
  • Goldman Sachs (India) Securities Private Limited
  • Jm Financial Limited

TBO Tek IPO Promoter(s)

  1. Ankush Nijhawan
  2. Gaurav Bhatnagar
  3. Manish Dhingra
  4. Arjun Nijhawan

TBO Tek IPO Company Details

TBO Tek Limited
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TBO Tek IPO Registrar

Kfin Technologies Limited
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TBO Tek IPO FAQs