About TBO Tek LimitedIncorporated in 2006, TBO Tek Limited is a leading travel distribution platform in the global travel and tourism industry. It assists travel agents in booking and managing trips for their customers. The company through its two-sided technology platform allows suppliers like hotels, airlines, car rentals, transfers, cruises, insurance, rail and buyers like travel agencies, independent travel advisors, tour operators, travel management companies, online travel companies, super-apps, etc to transact seamlessly with each other. The company has two key revenue models: B2B rate model wherein the company receives inventory from suppliers and applies a certain mark-up and pass on to the buyers. In the commission model, suppliers fix the price at which they want to sell, while TBO Tek receives commission from the supplier. The large and fragmented base of suppliers gets to display and market inventory, and set prices for the global buyer base. On the other hand, the platform offers an integrated, multi-currency and multi-lingual one-stop solution for buyers to discover and book travel. It operates in 100+ countries and has sold 7,500+ destinations as of FY23, with 41,000+ bookings per day. As of 31 December 2023, it had a global headcount of 2000 independent consultants, with bookings accepted in 55+ currencies and 11 languages. The company also operates a TBO academy that teaches professionals how to sell better via e-learning programs, LIVE webinars, newsletters and more. As of FY23, it is present in 150+ countries and offers 710+ LIVE courses as of 31 December 2023. Between FY21 and FY23, it saw a CAGR rise of 95% in its revenue from operations. Between Q3 FY23 and Q3FY24, its revenue from operations rose by 30% CAGR and its profit by 28%. Moreover, the travel and tourism industry is expected to grow at a CAGR of 8.2% from $1.9 to $2.6 trillion between 2023 and 2027, which could benefit the company. And now, TBO Tek Limited is coming out with its initial public offer (IPO). The IPO will be a fresh issue as well as an offer for sale. The money raised from the fresh issue will be utilized to expand its supplier and buyer base, add new lines of businesses, fund inorganic growth through acquisitions, and leverage data to offer bespoke travel solutions. Its shares will be listed on the NSE and BSE. Here are key details about the TBO Tek Limited IPO:
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Here’s a quick look at TBO Tek Limited IPO’s strengths, weakness, opportunities and risks (SWOT analysis)Strengths and opportunities
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TBO Tek Limited IPO details|TBO Tek Limited IPO dateAccording to the offer document filed by the company with the SEBI, the TBO Tek IPO’s opening date – in other words, the TBO Tek IPO launch date – will be 8th May 2024. The TBO Tek IPO closing date is 10th May 2024. After this, investors will be updated about the allotment status on 13th May 2024. Investors, who have been allotted shares, can expect them to be credited to their demat account on 14th May 2024. The TBO Tek IPO listing date is 15th May 2024. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. |TBO Tek Limited IPO Price BandThe IPO is a fresh issue as well as an offer for sale. The TBO Tek IPO price band has been set between ₹875 and ₹920 per share. Interested investors can choose a price within this band to apply for the IPO. The TBO Tek IPO listing price will be determined on 15th May 2024. The listing price is the price at which a company’s shares debut on the stock exchanges. |TBO Tek Limited IPO Lot size The TBO Tek IPO details have been declared. The TBO Tek IPO lot size is set at 16 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the TBO Tek IPO issue size is approx ₹1,550 crore. |
How to pre-apply for the TBO Tek Limited IPO?You can pre-apply for the TBO Tek Limited IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. Follow these steps to pre-apply for the IPO:
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How to apply for the TBO Tek Limited IPO?If you are interested in this investment opportunity but unsure how to apply for the TBO Tek Limited IPO, here we are listing out the steps for you. When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the TBO Tek Limited IPO on Upstox:
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How to check the TBO Tek LimitedIPO allotment status?When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. Here’s a step-by-step guide on how to check the TBO Tek Limited IPO allotment status:
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Open a demat account with Upstox to apply for the TBO Tek Limited IPOTo apply for the TBO Tek Limited IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app. Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
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Upstox – trading app to apply for the TBO Tek Limited IPOApplying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. You can apply for the TBO Tek Limited IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy. |
Pre-applying for the TBO Tek IPO means applying for this public issue before it goes live. Click here to pre-apply for the TBO Tek IPO on Upstox.
You can pre-apply for the TBO Tek IPO from 03 May 2024. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the TBO Tek IPO opens for the subscription.
The TBO Tek IPO launch date is 8th May 2024. The TBO Tek IPO will be open for subscription till 10th May 2024.
The TBO Tek lot size is 16 shares and the minimum investment required is ₹14,720.
The TBO Tek IPO price band is ₹875 – ₹920 per share.
The size of the TBO Tek IPO is approx. ₹1,550 crore.
You can place up to three bids for an application.
No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 14th May 2024.
TBO Tek shares will be on NSE and BSE.
TBO Tek shares’ listing date is 15th May 2024.