TBO Tek IPO: Here are 10 key risks from the RHP you should know before subscribing

Here are 10 cardinal risks from the RHP you should cognize earlier subscribing

1. TBO Tek IPO gross is substantially babelike connected the hotels and ancillary bookings whose publication has importantly accrued from 35.69% of its gross from operations for Fiscal 2021 to 67.83% for Fiscal 2023 and was 67.59% and 72.47%, respectively, for the 9 months ended December 31, 2022 and December 31, 2023.

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 In addition, each of its Gross transaction Value (GTV) is wholly babelike connected our aerial and hotels and ancillary bookings successful the past 3 Fiscals and successful the 9 months ended December 31, 2022 and December 31, 2023, respectively. Factors that whitethorn negatively interaction its hotels and ancillary bookings could person an adverse effect connected our business, prospects, results of operations and fiscal condition

2. TBO Tek concern depends connected its relationships with a constricted scope of Suppliers, and immoderate adverse changes successful specified relationships, oregon its inability to participate into caller relationships, could adversely impact its concern and results of operations.

3.  TBO Tek concern is exposed to pricing unit from its Suppliers who whitethorn withhold inventory oregon modify the presumption of our arrangements, including for a simplification oregon elimination of commission, inducement oregon different compensation payable to it, which could adversely impact its concern and results of operations.

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4. TBO Tek has definite contingent liabilities that person not been provided for successful its fiscal statements, which if they materialize, whitethorn adversely impact its fiscal condition.

5. TBO Tek beryllium connected its proprietary exertion for captious functions of its business. Failure to decently support oregon promptly upgrade its exertion whitethorn effect successful disruptions to oregon little prime of its services and its business, results of operations and fiscal information whitethorn beryllium adversely affected.

6. TBO Tek and its Joint Managing Directors, namely Ankush Nijhawan and Gaurav Bhatnagar, person received a amusement origin announcement from the Enforcement Directorate and compounding applications are successful the process of being filed with the Reserve Bank of India. Consequently, TBO Tek whitethorn beryllium taxable to regulatory actions and penalties/compounding fees for specified non-compliance which whitethorn adversely interaction TBO Tek business, fiscal information and reputation.

7. TBO Tek operates successful a highly competitory manufacture and its inability to vie efficaciously whitethorn adversely impact its concern and results of operations

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8. TBO Tek bash not person immoderate nonstop comparable listed peers successful India oregon abroad. Accordingly, valuation of the Company arsenic compared with different listed Indian platforms operating successful the question industry, planetary companies operating successful question manufacture and different online platforms listed successful India, whitethorn not beryllium comparable and could beryllium higher connected relationship of definite aspects.

9. Failures of the third-party information halfway hosting facilities could impair the transportation of TBO Tek services and solutions and adversely impact our business.

10. TBO Tek Offer terms of  is astatine a premium to the terms astatine which its existing shareholders, namely Augusta TBO and TBO Korea, person sold Equity Shares to General Atlantic successful October 2023 and February 2024.

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Published: 09 May 2024, 05:29 PM IST