TBO Tek Limited
Book Built Issue IPO · NSE, BSE
- Price band
- ₹875 - ₹920
- Lot size
- 16 shares
- Issue amount
- ₹1,550.81 cr
- Total subscription
- 86.68×
- Opens
- 8 May 2024
- Closes
- 10 May 2024
- Allotment
- 13 May 2024
- Listing
- 15 May 2024
Offer at a glance
Issue overview
- Issue size
- 1,68,56,623 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹14,000
- Fresh issue
- ₹400 cr
- Offer for sale
- ₹1,150.81 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,720
- Issue type
- Book Built Issue IPO
- Shares before issue
- 10,42,39,961
- Shares after issue
- 10,85,87,787
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 16 | ₹14,720 |
| sHNI | 14 | 224 | ₹2,06,080 |
| bHNI | 68 | 1,088 | ₹10,00,960 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 464.34 | 58,279.8 |
| RETAIL | 154.78 | 3,969.76 |
| HNIs 2+ | 77.39 | 3,103.82 |
| HNIs 10+ | 154.78 | 8,639.71 |
| EMPLOYEES | 3 | 53.22 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 15.3 | 14.21 | 3.32 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | 30.76 | 44.04 | 14.54 |
| PRE IPO(PE) | 0 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
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.
Strengths
- 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.
- 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.
- 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.
Risk factors
- 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.
- 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.
- 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.
Promoters
Ankush Nijhawan
Gaurav Bhatnagar
Manish Dhingra
Arjun Nijhawan
Registrar & documents
Lead manager
Axis Capital Limited, Jefferies India Private Limited, Goldman Sachs (India) Securities Private Limited, Jm Financial Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
E - 78,South Extension Part I, New Delhi - 110 049
+91 124 499 8999
[email protected]Company website ↗Understanding TBOTEK IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.