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TBO Tek IPO

TBO Tek Ltd

Investment/lot

₹ 14720 / 16 shares

IPO Details

RHP/DRHP

Issue Date

08 May - 10 May'24

Investment/lot

₹ 14720

Price Range

875 - 920

Lot Size

IPO Size

₹ 1550.81 Cr

IPO Listing Details

Listing On

15 May'24

Issue Price

920

Listed Price

₹ 1426

Retail Gain/Listing Gain

▲55.00%

Start date

08/05/2024

End date

10/05/2024

Allotment of bids

13/05/2024

Refund Initiation

14/05/2024

Listing on exchange

15/05/2024

IPO Timeline

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All you need to know about TBO Tek Limited IPO

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TBO Tek Company Background

TBO Tek Limited is a travel distribution platform operating since 2006. It was formerly known as Tek Travels Private Limited. TBO Tek Limited is a well-known name in the global travel and tourism industry, offering services to more than 100 countries. In terms of Gross Transaction Value (GTV) and revenue from operations for the fiscal year 2023, the company is considered one of the leaders in its field.

With a global workforce of over 2,000 employees and support for 11 languages on its platform, TBO Tek has a presence in India, the Middle East & Africa, Europe, Latin America, North America, and the Asia-Pacific region.

TBO Tek operates under two revenue models: the B2B Rate Model, where the company sources inventory from suppliers, adds a markup, and passes it on to buyers; and the Commission Model, where the company charges a fixed commission from suppliers.

TBO Tek looks to use the money raised from their upcoming IPO to increase its supplier and buyer network, improve its platform, pursue strategic acquisitions, and provide custom travel solutions.

TBO Tek Competitive Strengths

Platform creating network effect to enhance the value proposition for partners

One of the primary value propositions of their platform for both suppliers and buyers is the provision of instant access to a global network of partners involved in transactions. As the buyer base expands, they generate additional demand and consequently facilitate more transactions through their platform. This increased activity attracts more suppliers, thus allowing them to provide improved pricing, a broader range of products, and increased supply volumes across both existing and new product categories.

Modular and scalable proprietary technology platform allowing the addition of new lines of business, markets, and travel products

Their platform is designed with modularity, allowing them to develop and launch solutions tailored to specific buyer and supplier segments efficiently. These enhancements leverage core platform capabilities such as supplier and buyer modules, payment infrastructure, data assets, and analytics, enabling rapid market entry and scalability with minimal investment. For instance, Zamzam, their Umrah travel solution, onboarded 100 agents within the first 30 days of its launch.

Capital-efficient business model with a combination of sustainable growth

They have established a capital-efficient business model that demonstrates operating leverage and robust cash generation. In Fiscal 2021, their Adjusted EBITDA stood at a loss of Rs. 226.89 million, which improved to Rs. 374.20 million in Fiscal 2022 and significantly increased to Rs. 1,989.61 million in Fiscal 2023. Over the nine months ending on December 31, 2022 and December 31, 2023, they achieved Adjusted EBITDA figures of Rs. 1,598.45 million and Rs. 2,005.14 million, respectively.

TBO Tek Risk Factors

Key Strategies

TBO Tek Ltd Key Financials

Here are the key financials for TBO Tek Limited:

Particulars (in Rs. million)

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How to apply for IPO through ASBA

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Disclaimer

Opening of account will not guarantee allotment of shares in IPO. Investors are requested to do their own due diligence before investing in any IPO.

How To Apply for TBO Tek Ltd IPO?

Here are the steps to apply for TBO Tek Ltd IPO:

Step 1: Log in to your Kotak Securities Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.

Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.

Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.

Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.

Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.

TBO Tek IPO FAQs

When is TBO Tek IPO listing date?

TBO Tek IPO will list on 2024-05-15.

What is the issue size of TBO Tek IPO?

1550.81 is the issue size of TBO Tek IPO.

What is the minimum lot size required for TBO Tek IPO?

The minimum lot size is 16 shares and the investment required is ₹14720.

What is the price band of the TBO Tek IPO?

The price band of TBO Tek IPO is ₹875 to ₹920.

Where can I read more about TBO Tek business?

You can read more about TBO Tek and its IPO from the company’s red herring prospectus (RHP) here.

What is the TBO Tek Limited IPO?

The TBO Tek Limited IPO has an issue size of Rs. 1,550.81 Cr. The IPO opens for subscription on 8th May 2024 and closes on 10th May 2024.

Who is the Registrar for TBO Tek Limited IPO?

KFin Technologies Limited is the registrar for this IPO.

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