TBO Tek IPO GMP, Date and Price Live Update:
TBO Tek IPO will open on 8th May 2024. The travel distribution platform company’s IPO is a fresh issue of 0.43 crore shares. They average to about Rs. 400.00 crores. The current offer for sale is 1.25 crore shares that combine to Rs. 1,150.81 crore.
In the financial year of 2023, TBO has made an estimated 41,000+ bookings per day via its platform. It sold over 7500+ destinations in more than 100 countries. The average booking accepted through the platform of the company increased from 13,396 in 2021 to 41,218 in 2023. Find out all the useful information about TBO Tek IPO’s price band, date, lot size, GMP, listing date, subscription rate, and review here. Also check for regular TBO Tek IPO GMP updates.
TBO Tek IPO: An Overview of the Company
Table of Contents
TBO Tek offers a comprehensive travel inventory to buyers. This inventory is according to the needs of the buyers. The platform supports multiple currencies. Also, it provides forex assistance. The end consumers of the company are buyers. For them, the TBO platform is a great one-stop solution that supports various languages and currencies and allows them to find and book travel to places all over the world. In the current IPO of TBO Tek, the existing managers are Goldman Sachs Securities Private Limites, Axis Capital Limited, Jefferies India Private Limited, and JM Financial Limited.
Major Details About TBO Tek Offer for Sale by The Selling Shareholders pattern
| Shareholder’s Name | Type of Shareholder | Shares Offered | Weighted Average Acquisition Cost |
| Gaurav Bhatnagar | Promoter Selling | 2,033,944 Equity Shares | 1.95 |
| Manish Dhingra | Promoter Selling | 572,056 Equity Shares | 0.08 |
| LAP Travel | Promoter Selling | 2,606,000 Equity Shares | 0.04 |
| TBO Korea | Investor Selling | 3,767,200 Equity Shares | 2.92 |
| Augusta TBO | Investor Selling | 6,656,796 Equity Shares | 2.33 |
TBO Tek IPO Dates: Important Dates
The IPO opens on May 8, 2024. It closes on May 10, 2024. Here are the important dates that investors should keep in mind.
| IPO Opening Date | May 8, 2024 |
| IPO Closing Date | May 10, 2024 |
| Basis of Share Allotment | May 13, 2024 |
| Initiation of Refunds | May 14, 2024 |
| The Credit of Shares to Demat Account | May 14, 2024 |
| Listing Date | May 15, 2024 |
| Cut-off period for UPI mandate confirmation | 5 PM on May 10, 2024 |
Face Value, Price Band, & Total Issue Size of The IPO
Through this table, you will find out the details regarding the IPO’s price band, issue size, and face value of the shares.
| Face Value | Rs. 1 for every share |
| Price Band | Rs. 875 – Rs. 920 per share |
| Total Lot Size | 16 Shares |
| Total Issue Size | 16,856,623 shares, which aggregate up to Rs.1,550.81 Crores |
| Fresh Issue | 4,347,826 shares, which aggregate up to Rs. 400.00 Crores |
| Offer for Sale | 12,508,797 shares of Rs. 1, which aggregate up to Rs.1,150.81 Crores |
| Type of Issue | Book Built |
| Listing is to be found at | BSE Limited and NSE |
| Shareholding pre-issue | 104,239,961 |
| Shareholding post-issue | 108,587,787 |
Maximum and Minimum Investment By Retail Investors
Investors can bid a minimum of 16 shares and a maximum of 208 shares. Find out the limits for retail and HNI investors in this table.
| Application | Lots | Number of Shares | Total Amount |
| Retail (Minimum shares) | 1 | 16 | Rs.14,720 |
| Retail (Maximum shares) | 13 | 208 | Rs.191,360 |
| S-HNI (Minimum shares) | 14 | 224 | Rs. 206,080 |
| S-HNI (Maximum shares) | 67 | 1,072 | Rs. 986,240 |
| B-HNI (Minimum shares) | 68 | 1,088 | Rs. 1,000,960 |
Purpose of the TBO.com IPO
The company will utilize the money that it gets through the IPO to meet the following objectives:
- It will increase its supplier and consumer base.
- It will improve the travel platform. This will be done by providing buyers with new travel-related services.
- The company will look into strategic acquisitions that can synergize with its existing platform.
- It will employ data to offer tailored travel solutions.
TBO Tek IPO GMP (Grey Market Premium) Today
The last updated GMP for TBO Tek is ₹490-₹500. The estimated listing price of the IPO is Rs. 1,450. This combines both the cap price and the current GMP. We expect a gain or loss per share to average about 57.61%. The GMP for TBO Tek is a positive one. It shows that the IPO will be at a profit. The table below provides GMP trends for the IPO in the previous days.
TBO Tek IPO GMP Today:
| Date | IPO Price | GMP |
| 9 May, 2024 | ₹920 | ₹490-₹500 |
| 8 May, 2024 | ₹920 | ₹520 |
| 7 May, 2024 | ₹920 | Rs. 530 |
| 6 May, 2024 | ₹920 | Rs. 530 |
| 5 May, 2024 | ₹920 | Rs. 510 |
| 4 May, 2024 | ₹920 | Rs. 520 |
| 3 May, 2024 | ₹920 | Rs. 460 |
| 2 May, 2024 | Not available | Rs. 405 |
| 1 May, 2024 | – | |
| 30 April, 2024 |
TBO Tek IPO Review
TBO Tek has a solid presence in more than 100 countries. It provides major travel-related services through its convenient platform. The company experienced a setback in 2021 when the pandemic broke. However, its growth has been steady since then. According to the annualized earnings of the financial year 2024, the fresh issue of the IPO seems fully priced. At the same time, it is at a lower P/E than the listed peer.
The major strengths of the company is its ability to produce and leverage large data sets. Also, it has a capital-efficient business model and can grow sustainably. However, the company is under price pressure from its leading suppliers which are hotels and airlines. Working in a competitive industry, the company has a huge working capital need. Still, TBO Tek has shown Rate Gain as its listed peers in India. Its IPO, although fully priced, can be a worthy bet.
How to Apply for TBO Tek IPO?
It’s easy to apply for the IPO. Just open your Demat account and choose the issue in the existing IPO choices. Input the number of lots and the price at which you aim to apply for. Put in your UPI ID and tap the Submit button. In the end, approve the request to block funds in your UPI app.
How to apply TBO Tek IPO from Netbanking?
Log in to your Net Banking account:
Visit the official website of your bank and log in using your username & password
Find out the IPO section
Once logged in, go to the “IPO” or “Investments” section in your netbanking
Select TBO Tek IPO for applying
Tap to TBO Tek IPO Apply option for applying
Fill out an application from
Fill the form by providing your information, like PAN card, DP ID, Client ID, & bid quantity
Do payment
Once you fill out the form, it will redirect you to the payment & confirmation page. Make the payment, & your TBO Tek IPO application will be successfully submitted
Conclusion
Hopefully, you have all the information you want about TBO Tek IPO. We have also reviewed the GMP trend and assessed the weaknesses and strengths of the IPO. Since the company is making steady profits and has shown a recovery in its return on net worth, we think you may apply for the IPO.