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

TBO Tek Ltd. 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

₹ 1534.6

Current Return

66.80%

TBO Tek Ltd. News

TBO Tek - Quaterly Results12 Nov, 3:14PM TBO Tek - Quaterly Results12 Nov, 3:14PM TBO Tek - Quaterly Results12 Nov, 3:14PM TBO Tek’s arm incorporates wholly owned subsidiary in Australia11 Oct, 12:28PM TBO Tek’s arm incorporates wholly owned subsidiary in Canary Island 20 Sep, 2:59PM TBO Tek informs about transcript of earnings call20 Aug, 5:28PM TBO TEK informs about newspaper publication14 Aug, 12:48PM TBO Tek - Quaterly Results13 Aug, 3:26PM TBO Tek - Quaterly Results13 Aug, 3:26PM TBO Tek - Quaterly Results13 Aug, 3:26PM TBO Tek informs about investor presentation6 Jun, 5:03PM TBO Tek gets nod to make additional investment in Tek Travels DMCC31 May, 10:51AM 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

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

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 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 379.2 102.17 263.92 475.96 538.96
Total Expenditure 325.19 103.88 232.08 386.38 446.85
Operating Profit 54.01 -1.7 31.84 89.58 92.11
Other Income 13.43 27.48 28.53 10.87 21.12
Interest 3.08 1.59 4.24 10.78 12.58
Depreciation 11.51 10.68 13.63 19.82 22.63
Exceptional Items 0 0 0 0 -14.8
Profit Before Tax 52.86 13.51 42.51 69.86 63.22
Provision for Tax 14.05 4.21 11.09 18.16 16.04
Net Profit 38.81 9.3 31.41 51.7 47.18
Adjusted EPS (Rs.) 0.37 0.09 0.3 0.5 0.45

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 1.9 1.9 10.42 10.42 10.42
Total Reserves 167.96 177.54 191.78 248.19 305.09
Borrowings 0 0 2.69 2.93 1.49
Other N/C liabilities 29.32 11.67 54.69 50.55 56.14
Current liabilities 334.2 248.88 451.67 566.64 654.65
Total Liabilities 533.37 439.98 711.27 878.74 1027.79
Assets
Net Block 34.23 20.78 78.54 72.13 80.7
Capital WIP 0 0.06 0.17 0 0
Intangible WIP 2.53 0.4 0 0 1.54
Investments 15.62 16.12 16.12 16.12 17.62
Loans & Advances 0.82 0.85 2.19 13.03 3.81
Other N/C Assets 0 5.32 0 0.91 0.62
Current Assets 480.18 396.44 614.25 776.54 923.5
Total Assets 533.37 439.98 711.27 878.74 1027.79
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2024 Jun 2024 Sep 2024
Other Income 6.84 10.33 8.36
Profit Before Tax 7.95 31.35 17.61
Tax 2.17 8.05 4.04
Profit After Tax 5.78 23.3 13.57
Adjusted EPS (Rs) 0.55 2.15 1.25

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 44.41 0
Jun 2024 44.41 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 52.86 13.51 42.51 69.86 63.22
Adjustment 7.91 -8.15 -1.36 24.01 30.91
Changes in Assets & Liabilities -64.47 40.69 14.7 -45.16 29.55
Tax Paid -11.27 -3.39 -14.22 -17.88 -24.65
Operating Cash Flow -14.97 42.66 41.63 30.83 99.03
Investing Cash Flow -11.69 -26.53 -3.1 1.81 -22.79
Financing Cash Flow -8.37 -5.06 -14.93 -12.96 -12.7
Net Cash Flow -35.03 11.07 23.6 19.67 63.54
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