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Check IPO Date, Lot Size, Price & Details
Overview of TBO Tek Ltd IPO
IPO Date
8-May-2024 to 10-May-2024
Face Value
₹1
Price Band
₹875 to ₹920
Lot Size
16 Share
Issue Size
16,856,623 shares (aggregating up to ₹1,550.81 Cr)
Listing At
BSE,NSE
Basis of Allotment
13-May-2024
Initiation of Refunds
14-May-2024
Credit of Shares to Demat
14-May-2024
Listing Date
15-May-2024
Cut off time for UPI Mandate
10-May-2024
Objective of TBO Tek Ltd IPO
The net proceeds from the issuance of 4,347,826 Equity Shares (worth Rs 400 crs) will be utilized to expand the platform by adding new buyers and suppliers (Rs 260 crs) and inorganic acquisitions (Rs 40 crs), and the rest of the funds (Rs 100 crs) have been kept for general corporate purposes.
About TBO Tek Ltd IPO
TBO Tek is a Mainboard IPO with a book-built issue of Rs. 1551 crores, a fresh issue of 0.43 crore shares, and an OFS of 1.25 crore shares.
The IPO will open from 8th May 2024 to 10th May 2024; allotment is expected to be done on 13th May, and it will be listed on BSE and NSE on 15th May 2024. The price band is ₹875 to ₹920 per share, with a minimum lot size of 16 shares and a minimum investment amount of ₹14,720. The book-running lead managers are Axis Capital, Jefferies India Private, Goldman Sachs (India) Securities, and JM Financials. Kfin Technologies is the registrar for the issue.TBO Tek, incorporated in 2006, is a leading distribution platform within the global travel and tourism industry, offering travel inventory to buyers.
The platform enables suppliers to showcase and market their offerings and set prices while providing buyers with an integrated, multi-currency, multi-lingual, one-stop solution for discovering and booking travel across diverse segments like leisure, business, and religious travel. As of FY23, the company has sold transactions for 7500 destinations spanning over 100 countries, with 41000+ bookings per day through the platform. As of FY23, the airline business is operating at a take rate of ~3% (1.4% GP), and the hotel business operates at a take rate of ~7% (5% of the GP). Of the total GTV, 50% is from airlines, and 50% is from hotels.
TBO Tek Ltd IPO Financials
Particulars (in Cr) | 9MFY24 | FY23 | FY22 | FY21 |
---|---|---|---|---|
Total Revenue Annual | 1,024 | 1,065 | 483 | 142 |
Operating Expenses Annual | 831 | 883 | 451 | 164 |
Operating Profit Annual | 193 | 182 | 32 | -23 |
Depreciation | 21 | 25 | 16 | 11 |
Interest Annual | 7 | 7 | 4 | 1 |
Tax Annual | 19 | 26 | 12 | 5 |
Net Profit Annual | 154 | 148 | 34 | -34 |
Total Share Holder Funds | 501 | 337 | 232 | 204 |
Fixed Asset Annual | 9 | 10 | 6 | 2 |
Total Non Current Asset | 384 | 142 | 98 | 39 |
Total Current Asset | 3361 | 2406 | 1167 | 535 |
Total Asset Annual | 3754 | 2558 | 1271 | 576 |
Book Value Per Share | ₹ 49.31* | ₹ 33.22 | ₹ 22.85 | ₹ 19.58 |
ROE | 30.8%* | 44.00% | 14.50% | -16.70% |
ROCE | 34.0%* | 45.80% | 7.0% | 16.60% |
Total Debt To Total Equity | 0.01 | 0.02 | 0.01 | 0.00 |
EBIDTA | 18.82% | 17.09% | 6.63% | -16.00% |
Cash From Operating | 42 | 237 | 198 | 51 |
Cash From Investing | -127 | -106 | -31 | -27 |
Cash From Finance | -12 | -14 | -16 | -5 |
Net Cash Flow | -97 | 117 | 152 | 19 |
Promoter's Holding
Total Share Capital
-
Offered to Public
16,856,623
Promoter’s Holding(Pre-Issue)
51.26%
Promoter’s Holding(Post-Issue)
-
The following points should be kept in mind:
TBO Tek IPO is a main-board IPO of 16,856,623 equity shares of the face value of ₹1 aggregating up to ₹1,550.81 Crores. The issue is priced at ₹875 to ₹920 per share. The minimum order quantity is 16 Shares.
The IPO opens on May 8, 2024, and closes on May 10, 2024.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The TBO Tek IPO opens on May 8, 2024, and closes on May 10, 2024.
TBO Tek IPO lot size is 16 Shares, and the minimum amount required is ₹14,720.
The finalization of Basis of Allotment for TBO Tek IPO will be done on Monday, May 13, 2024, and the allotted shares will be credited to your demat account by Tuesday, May 14, 2024.
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