Ticker > IPO > New Listed IPO > TBO Tek Ltd.

TBO Tek Ltd. IPO

TBO Tek Limited is a leading global online travel distribution platform founded in 2006, capitalizing on the Indian aviation boom. They empower travel businesses by simplifying bookings for travel agents (Buyers) with airlines and other Suppliers (hotels, car rentals, etc.) in over 100 countries. Their platform offers a broad travel inventory, multi-currency support, and simplifies transactions between Buyers and Suppliers through a B2B or commission revenue model. Led by founders Gaurav Bhatnagar and Ankush Nijhawan, TBO Tek Limited is a major player in the global travel industry.

RHP
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DRHP
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Open Date

2024-05-08

Close Date

2024-05-10

IPO Details

Check out the issue details for TBO Tek Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 920

Price Band

₹ 875 - 920

Issue Size

1550.81 Cr.

Issue Type

Book Built

Open

2024-05-08

Close

2024-05-10

Listingprice

₹ 1426

ListingGain

55.00%

Listing Date

2024-05-15

CMP

₹ 1451.65

Current Return

57.79%

News

TBO Tek coming with IPO to raise upto Rs 1571.38 crore7 May, 2:28PM TBO Tek re-files DRHP with SEBI 9 Nov, 3:19PM

Company Financials

You can get the following financial statements of TBO Tek Ltd. as of now.

Company Name

TBO Tek Ltd.

Exchange

NSE: TBOTEK BSE: 544174

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

Subscription Details

The details about the TBO Tek Limited IPO is as:

  • The issue size of the IPO is 1550.81 Cr.
  • The price band for TBO Tek Limited IPO is Rs 875 to Rs 920.
  • The shares of TBO Tek Limited IPO will list on 15th May 2024.
  • The latest tentative GMP of TBO Tek Limited IPO is Rs 550.
  • The shares of TBO Tek Limited IPO is subscribed 86.69 Times as of 10th May 2024.

 

TBO Tek Limited IPO Valuation

The approx valuation of TBO Tek Limited IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 920
Existing Shares (Qty) 10.42 Cr
Fresh Issue 400 Cr
Market Cap 9986.5 Cr
EPS (FY23) Rs 14.21
PE Ratio 64.74x
Industry PE 118.3x

 

TBO Tek Limited IPO Issue Size

TBO Tek Limited IPO issue size is 1550.81 Cr. 

Issue Amount
Fresh Issue 400 Cr
Offer For Sale 1150.81 Cr

 

TBO Tek Limited IPO Market Lot

An Individual can apply for a minimum 1 lot of 16 shares and a maximum of 13 lots of 208 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 16 14,720
 Maximum 13 208 1,91,360

 

TBO Tek Limited IPO share offer

The shares of TBO Tek Limited IPO is subscribed 86.69 Times as of 10th May 2024. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Minimum 75% 125.51 Times
Non-Institutional Maximum 15% 50.60 Times
Retail Individual Maximum 10% 25.72 Times
Employee 32,609 shares 17.81 Times
Total   86.69 Times

Allotment Details

Find below the dates for TBO Tek Limited IPO:

Schedule Date
Basis of Allotment 13 May 2024
Refunds 14 May 2024
Credit to Demat Account 14 May 2024
IPO Listing Date 15 May 2024

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 309.24 379.2 102.17 263.92 475.96
Total Expenditure 293.52 325.19 103.88 232.08 389.82
Operating Profit 15.72 54.01 -1.7 31.84 86.14
Other Income 13.13 13.43 27.48 28.53 10.87
Interest 1.65 3.08 1.59 4.24 10.78
Depreciation 0.8 11.51 10.68 13.63 16.37
Exceptional Items -6 0 0 0 0
Profit Before Tax 20.41 52.86 13.51 42.51 69.86
Provision for Tax 7.31 14.05 4.21 11.09 18.16
Net Profit 13.09 38.81 9.3 31.41 51.7
Adjusted EPS (Rs.) 0.13 0.37 0.09 0.3 0.5

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 1.9 1.9 1.9 10.42 10.42
Total Reserves 129.11 167.96 177.54 191.78 248.19
Borrowings 0 0 0 2.69 2.93
Other N/C liabilities 9.13 29.32 11.67 54.69 50.55
Current liabilities 416.86 334.2 248.88 451.67 566.64
Total Liabilities 556.99 533.37 439.98 711.27 878.74
Assets
Net Block 22.26 34.23 20.78 78.54 72.13
Capital WIP 0 0 0.06 0.17 0
Intangible WIP 0 2.53 0.4 0 0
Investments 15.61 15.62 16.12 16.12 16.12
Loans & Advances 1.04 0.82 0.85 2.19 13.03
Other N/C Assets 1.1 0 5.32 0 0.91
Current Assets 516.98 480.18 396.44 614.25 776.54
Total Assets 556.99 533.37 439.98 711.27 878.74
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 26.41 52.86 13.51 42.51 69.86
Adjustment 2.38 7.91 -8.15 -1.36 23.4
Changes in Assets & Liabilities 78.44 -64.47 40.69 14.7 -45.16
Tax Paid -12.77 -11.27 -3.39 -14.22 -17.88
Operating Cash Flow 88.46 -14.97 42.66 41.63 30.22
Investing Cash Flow -15.09 -11.69 -26.53 -3.1 1.81
Financing Cash Flow -0.72 -8.37 -5.06 -14.93 -12.36
Net Cash Flow 72.65 -35.03 11.07 23.6 19.67
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