TBO Tek Ltd IPO includes fresh shares worth INR 400 crore and 1.56 crore existing ones. Funds will be used for expansion, acquisitions, and corporate needs.

Important Details

Open Date : May 8, 2024 Close Date : May 10, 2024 Allotment Date: May 13, 2024 Listing Date: May 15, 2024

Important Details

IPO Price: INR 875- 920 Lot Size: 16 shares Total Issue Size: INR 1,550.81 cr

Fundamental Analysis

1. Tek Travels Ltd. has Impressive revenue growth, profitability & margins pre-IPO. 2. Strong recovery in RoNW & EPS, enhancing investment appeal. 3. Attention needed for increased liabilities but overall attractiveness remains high.

Peer Comparison

1. TBO Tek Limited boasts a RoNW of 44.04% and an EPS of ₹14.07. 2. Outperforms peers Rategain and Webjet in profitability metrics. 3. Strong position in the travel technology sector evident from its performance.


1. Tek Travel Ltd IPO objective is to allocate ₹260 crores for platform growth. 2. ₹40 crores for inorganic acquisitions. 3. Balance for general corporate purposes.

Risks And Challenges

1. Revenue sensitivity to global economic, security, and environmental factors. 2. Risk from dependency on a limited range of suppliers. 3. Potential impact on contract renegotiation due to supplier cost reductions. 4. Indian aviation duopoly adds challenges.