May 15, 2024
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TBO TEK IPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
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Table of Contents
- GMP
- Reviews
- Subscription
- Allotment
TBO TEK IPO Post Listing Review:
Listed at Rs. 1426, premium of 55% over the issue price of Rs. 920. The listing has been much above the expectations of the grey market players.
What is the last GMP of TBO TEK IPO?
Premium: Rs.365 (Solid listing expected)
Retail Application Rs. –
Rs. 2 Lac Application Rs. NIL
Rs. 10 L application Rs.-
Subject to 2 Lac application Rs. 4300
Subject to 10 Lac application Rs.60400
Subscription Status of TBO TEK IPO
On 10 May 2024 5.00 (Day 3) (Closed)
QIB: 5047205 Shares 125.51 T
NII(10L+): 1682402 Shares 55.82 T
NII (<10L) 841200 Shares 40.15 T
NII (Total) 2523602 Shares 50.60 T
RII: 1682401 Shares 25.72 T
Emp: 32608 Shares 17.81 T
Total: 9285816 Shares 86.69 T
Applications: 2381094
Who are the promoter of TBO TEK IPO?
The promoters of the company are ANKUSH NIJHAWAN, GAURAV BHATNAGAR,LAP TRAVEL PRIVATE LIMITEDAND MANISH DHINGRA
What are the Objects of TBO TEK IPO?
The Offer comprises only fresh issue of shares.
The Company proposes to utilise the Net Proceeds towards funding the following objects:
1.Growth and strengthening of our platform by adding new Buyers and Supplier
2.Unidentified inorganic acquisitions and general corporate purposes*
a. Unidentified inorganic acquisitions
b. General corporate purposes
What is the business of TBO TEK?
TBO TEK is one of the leading travel distribution platform in the global travel and tourism industry by providing Buyers with a comprehensive travel inventory according to the needs of their customers; and supporting a wide range of currencies along with forex assistances. It simplifes the business of travel for suppliers such as hotels, airlines, car rentals, transfers, cruises, insurance, rail and others, and retail buyers such as travel agencies and independent travel advisors; and enterprise buyers that include tour operators, travel management companies, online travel companies, super-apps and loyalty apps through its two-sided technology platform that enables Suppliers and Buyers to transact seamlessly with each other. Its platform allows the large and fragmented base of Suppliers to display and market inventory to, and set prices for, the large and fragmented global Buyer base. For Buyers, the platform is anintegrated, multi-currency and multi-lingual one-stop solution that helps them discover and book travel for destinations worldwide, across various travel segments such as leisure, corporate and religious travel.
The company operates in the global travel and tourism market that stood at US$ 1.7 trillion in 2017. In 2023 the travel and tourism industry is estimated to recover at pace, 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.
For more information, click www.tbo.com
TBO TEK IPO GMP, Particulars & Guidance
| TBO TEK IPO Details | |
| IPO opens on | 8 May 2024 |
| IPO closes on | 10 May 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 16856623 Shares / Rs 1550 Crore |
| * Fresh Issue | 4347826 shares/ Rs.400 Crore |
| * Offer for Sale | 12508797 Sh / Rs 1150 Crore |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. 875-920 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 16 Shares |
| Listing will at | BSE, NSE |
| Shares offered in TBO TEK IPO? | Shares | Rs. in Cr |
| QIB (75 %) | 12618011 | 1160.25 |
| NII (25 %) | 2523602 | 232.05 |
| RII (10 %) | 1682401 | 154.70 |
| Employees | 32608 | 3.00 |
| Total Shares | 16856623 | 1550 |
| Retail portion will be oversubscribed by | ? applications | |
| How to apply in TBO TEK? | Rs. | |
| Min Retail Application | 16 | 14720 |
| Max Retail Application | 208 | 191360 |
| Small HNI (Min) application | 224 | 206080 |
| Small HNI (Max) application | 1072 | 986240 |
| Big HNI Application | 1088 | 1000960 |
| What is the timetable of TBO TEK IPO? | |
| IPO opens on | 8 May 2024 |
| IPO Closes on | 10 May 2024 |
| IPO Allotment on | 13 May 2024 |
| Unblocking of ASBA | 14 May 2024 |
| Credit of Shares | 14 May 2024 |
| Listing on | 15 May 2024 |
| Registered Office of TBO TEK | |
| 8, South Extension Part I, New Delhi –110 049, India | |
| Who are the Lead Managers of TBO TEK IPO? Axis Capital Limited Jefferies India Private Limited Goldman Sachs (India) Securities Pvt ltd JM Financial Limited |
|
| Registrar to IPO | |
| KFin Technologies Ltd. |
| TBO TEK IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 176.55 | (34) | (3.28) | (16.73) |
| 2021-22 | 511.93 | 34 | 3.32 | 14.74 |
| 2022-23 | 1085.77 | 148.49 | 14.21 | 44.04 |
| Book Value of the Share on 31.03.2023 | Rs. | 33.22 | ||
| BV of the Share after the FPO | Rs. | ? | ||
| Offer Price at Cap | Rs. | 920 | ||
How TBO TEK IPO compares with the Peers?
Peer Comparison.
| As on date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| TBO TEK | 1 | 1065 | 64.74 |
| Rate Gain Travels | 1 | 5651 | 98.70 |
TBO TEK IPO Guidance* by Paresh Gordhandas, CA & Research Analyst.
TBO TEK is one of the leading travel distribution platform in the global travel and tourism industry by providing Buyers with a comprehensive travel inventory according to the needs of their customers; and supporting a wide range of currencies along with forex assistances. It simplifies the business of travel for suppliers such as hotels, airlines, car rentals, transfers, cruises, insurance, rail and others, and retail buyers
Size: The size of the IPO, Rs. 1550 crore is not very large considering bullish investor sentiment. Retail portion is Rs. 155.00 crore and it can get oversubscribed easily.
Financials: The company has shown turnaround trend in the year 2022-23 and based on the said profitability the offer price appears to be reasonable. The business has strong growth potential and the shares are offered at reasonable valuation and offers scope for listing gains and it can give good returns as medium term investment.
Quicklinks
TBO TEK IPO GMP
TBO TEK IPO GMP today details
TBO TEK IPO GMP today, Details, Guidance, Subscription Status, allotment
TBO TEK IPO Anchor Investors Details
Will update soon.
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