TBO Tek IPO allotment status to be finalised on May 13: Here’s how to check share allocation

TBO Tek IPO allotment is likely to be finalised on Monday, May 13, following an overwhelming response from investors for the public issue during the subscription period. The bidding process for the initial public offer was open from May 8 to May 10.

TBO Tek Ltd IPO is a book-build issue worth ₹1,551 crore. The public issue comprises a fresh issue of 43 lakh shares worth ₹400 crore and an offer-for-sale (OFS) of 1.25 crore shares amounting to ₹1,151 crore.

After the IPO share allotment, the company will initiate refunds to non-allottees and credit shares to the Demat accounts of successful applicants on May 14, 2024.

Finally, the public issue will be listed on BSE and NSE with a tentative listing date as of now fixed as May 15, 2024.

Investors who have bid for the IPO are now eagerly awaiting the allotment of shares. The company is scheduled to finalise the basis of allotment of shares on Monday, and subsequently, successful bidders will receive the shares in their Demat accounts. To check the share allotment status, applicants can go to BSE and NSE sites as well as the registrar portal.

The company has appointed Kfin Technologies Limited as the IPO registrar.

How to check TBO Tek IPO allotment status on BSE:

• Go to BSE site - https://www.bseindia.com/index.html.
• Click on the 'Investors' section on the home page.
• Click 'Status of Issue Application' under the ‘Investor Services’ section.
• Click on 'Status Check' link and new page opens - https://www.bseindia.com/investors/appli_check.aspx.
• Select 'Issue Type' as 'Equity'.
• Select TBO Tek Ltd from the drop down menu for 'Issue Name'
• Enter Application Number/PAN.
• Check 'I'm not a robot'.
• Hit the 'Search Button', and your allotment status will appear.

The IPO share allotment status cannot be tracked before the company finalises the basis of allocation. Successful bidders will also know the number of shares they have been allotted compared to the number of shares they applied for.

How to check TBO Tek IPO allotment status on NSE

On NSE, to check IPO allotment status the investors will have to first complete the registration process. Register by providing your PAN details. Once registered, you will get an email notification.

• Visit the page to check IPO allotment status: https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• The NSE will login details on your registered email address.
• Log in with the User ID and Password received.
• Enter PAN number.
• View the details of the bids on screen.

How to check TBO Tek IPO allotment status on registrar Kfin Technologies website:

• Visit Kfin Technologies official site - https://www.kfintech.com/
• Select 'IPO Allotment Status' section.
• Under the section, you will find 5 server links; select any one of them.
• New page opens once you click that server link.
• Under 'IPO Allotment Status' section, select 'IPO Name' from the list of names in the dropdown list.
• Select any of these options- Application Number/Demat Account/PAN.
• Enter captcha and submit.
• Issue allotment status is shown on screen.

TBO Tek IPO Subscription and other details

TBO Tek IPO was subscribed nearly 87 times on the final day of the bidding, with applications being received for 80.5 crore shares against 92 lakh shares on offer. The issue received a massive response from qualified institutional investors (QIBs) who booked their portion a whopping 125 times, sending in bids for 63 crore shares against 50 lakh shares on offer.

Non-institutional investors bought their reserved portion 51 times, buying 12.8 crore against 25.23 lakh shares set aside for them. Retail investors' portion was bought 26 times, with applications coming in for 4.32 crore shares against 16.9 lakh shares offered under the category.

TBO Tek, a travel distribution platform, fixed its IPO price band at ₹875 to ₹920 per share, with a minimum lot size for an application at 16 shares.

The company raised ₹696.51 crore from anchor investors on May 7, ahead of the IPO launch.