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    5. TBOTEK

    TBO Tek Limited

    CLOSED

    IPO Date: 8 May - 10 May 2024

    Listing Date: 15 May 2024

    Price Range

    ₹875 to ₹920 per share

    Issue Size

    1550.81 Cr

    Min Investment

    ₹14,000

    Lot Size

    16 Shares

    View IPO Document

    Schedule of TBO Tek Limited

    Issue open date

    8 May 2024

    Issue close date

    10 May 2024

    UPI mandate deadline

    10 May 2024 (5 PM)

    Allotment finalization

    13 May 2024

    Share credit

    14 May 2024

    Listing date

    15 May 2024

    Mandate end date

    N/A

    Issue size

    Funds Raised in the IPOAmount
    Overall1550.81 Cr
    Fresh Issue0 Cr
    Offer for Sale0 Cr

    Allotment DetailsNew

    Allotment TimelineDetails
    Allotment Date13 May 2024
    Allotment Link{Link}

    Grey Market PremiumNew

    Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

    DateIpo PriceGMPEstimated Listing Price
    15 May 2024₹920₹300₹1220 (32.61%)
    14 May 2024₹920₹350₹1270 (38.04%)
    13 May 2024₹920₹455₹1375 (49.46%)
    12 May 2024₹920₹508₹1428 (55.22%)
    11 May 2024₹920₹510₹1430 (55.43%)
    10 May 2024₹920₹535₹1455 (58.15%)
    9 May 2024₹920₹540₹1460 (58.7%)
    8 May 2024₹920₹540₹1460 (58.7%)
    7 May 2024₹920₹530₹1450 (57.61%)
    6 May 2024₹920₹530₹1450 (57.61%)
    5 May 2024₹920₹510₹1430 (55.43%)

    Performance TBO Tek Limited

    Issue PriceListing GainCurrent Market PriceP/L
    ₹875 to ₹920 per share₹ 13855 (52.86%) ₹ 136548.37%

    About TBO Tek Limited

    Established in 2006, TBO Tek Limited, formerly known as Tek Travels Private Limited, is a travel distribution platform that offers travel inventory according to the needs of its customers and supports a wide range of currencies along with forex help. The company simplifies the travel business for suppliers such as hotels, airlines, car rentals, transfers, cruises, insurance, rail companies, and others, as well as for retail customers such as travel agencies and independent travel consultants, and corporate customers such as tour operators, travel management companies, online travel companies, super apps and loyalty apps through our two-sided technology platform that enables suppliers and customers to connect seamlessly. The company's platform enables sellers to show and market their inventory and set prices for buyers. For buyers, the platform is an integrated, multi-currency, and multi-lingual, one-stop solution that helps them discover and book travel to destinations around the world, across various travel segments such as leisure, business and religious travel. As at December 31, 2023, the company had sold over 7,500 destinations in more than 100 countries and employed over 2,000 people.

    Founded in2006
    Managing director
    Parent organization

    Financial Overview

    Strengths

    • Established and reliable travel distribution platform with over 16 years of experience.
    • Wide range of inventory and support for multiple currencies and forex services.
    • Seamless two-sided technology platform that connects suppliers and customers.
    • Well-established customer base including retail, corporate, and online travel companies.
    • Experienced management team with a strong track record in the travel industry.

    Risks

      Subscription Figures

      CategorySubscription (No. of times)
      Qualified Institutional Buyers (QIBs)125.51
      Non-Institutional Investors (NIIs)50.6
      Retail Individual Investors (RIIs)25.72
      Employee17.81
      Total86.69