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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the TBO Tek Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹920
Per ShareLot Size
16 Shares
Minimum Investment
₹14,720
Issue Size
₹1,550.81 Cr
Face Value
₹1
Per ShareIPO Type
Book Building
Retail Quota
10%
QIB Quota
75%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
51.26%
Issue Type
Book Building
ISIN
INE673O01025
TBO Tek Limited operates an online B2B travel distribution platform that provides a wide range of offerings and connects Buyers and Suppliers. The Company simplifies the business of travel by centralizing transactions on a single user-friendly platform. By using its platform suppliers such as hotels, airlines, car rentals, transfers, cruises, insurance, rail and others can connect with buyers such as travel agencies, independent travel advisors, tour operators, travel management companies, online travel companies, superapplications and loyalty applications thereby streamlining the entire process. Instead of dealing with multiple platforms and systems, Buyers and Sellers can use its single platform to conduct transactions. Suppliers are able to display, market and decide price for the Buyers who in turn discover and book travel for destinations worldwide, across various travel segments such as leisure, corporate and religious travel through an integrated, multi-currency and multi-lingual one-stop solution through its platform.
In 2023 the travel and tourism industry recovered, growing 18.2% year-on-year from 2022 to reach US$ 1.9 trillion, and expected to grow at a CAGR of 8.2% to reach US$ 2.6 trillion in 2027. New age travel distribution platforms, connect a large and heterogenous audience of retail and enterprise travel buyers to a diverse group of travel suppliers (hotels, airlines, transfers amongst others) enabling a comprehensive range of transactions between the retail and enterprise travel buyers on the platform. Travel distribution platforms provide a large audience of buyers to the supplier community while providing global inventory reach to travel buyers.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offer of 16,856,623* equity shares of face value of Re. 1 each ("Equity Shares") of Tbo Tek Limited ("Company" or "Issuer") for cash at a price of Rs. 920 per equity share (including a share premium of Rs. 919 per equity share) ("Offer Price") aggregating to Rs. 1550.81 crores* comprising a fresh issue of 4,347,826* equity shares aggregating to Rs. 400.00 crores by the company ("Fresh Issue") and an offer for sale of 12,508,797* equity shares aggregating Rs. 1150.81 crores* ("Offered Shares") by the selling shareholders (as defined below), comprising 2,033,944* equity shares aggregating to Rs. 187.12 crores* by Gaurav Bhatnagar, 2,606,000* equity shares aggregating to Rs. 239.75 crores* by Lap Travel Private Limited ("Lap Travel") and 572,056* equity shares aggregating to Rs. 52.63 crores* by Manish Dhingra (Gaurav Bhatnagar, Lap Travel and Manish Dhingra, collectively referred to as "Promoter Selling Shareholders" ), 2,637,040* equity shares aggregating to Rs. 242.61 crores* by Tbo Korea Holdings Limited ("Tbo Korea"), and 4,659,757* equity shares aggregating to Rs. 428.69* crores by Augusta Tbo (Singapore) Pte. Ltd. ("Augusta Tbo", and together with Tbo Korea, the "Investor Selling Shareholders") (the promoter selling shareholders and investor selling shareholders together referred to as the "Selling Shareholders") ("Offer for Sale", and together with the fresh issue, the "Offer"). The offer includes a reservation of 32,608* equity shares (constituting 0.03%* of the post-offer paid-up equity share capital of the company) aggregating to Rs. 3.00 crores* for subscription by eligible employees (as defined hereinafter) (the "Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer will constitute 15.52%* and 15.49%* of its post-offer paid-up equity share capital, respectively. The face value of equity shares is Re. 1 each and the offer price is 920 times the face value of the equity shares. *Subject to finalisation of basis of allotment.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
TBO Tek Limited was incorporated as `Tek Travels Private Limited' in New Delhi as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated November 6, 2006, issued by the Registrar of Companies, Delhi and Haryana at New Delhi ("RoC"). Thereafter, the name of the Company was changed to `TBO Tek Private Limited' and a fresh certificate of incorporation dated October 22, 2021 was issued by the RoC. Subsequently, the Company was converted into a public limited company and the name of the Company was changed to `TBO Tek Limited' and a fresh certificate of incorporation dated November 3, 2021 was issued by the RoC.
Wholesalers and Retailers
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.