TBO Tek IPO: Issue subscribed 52.46 times on day 3, check GMP, subscription status and other details

The institution optimizes the question assemblage for assorted suppliers, including hotels, airlines, car rentals, transfers, cruises, security providers, obstruction companies, and more. It besides serves retail clients specified arsenic question agencies and freelance question consultants, arsenic good arsenic firm clients similar circuit operators, question absorption firms, online question platforms, ace apps, and loyalty programs. All these stakeholders bask the advantages of creaseless connection facilitated by the two-sided exertion platform.

Also read: TBO Tek IPO time 3: GMP, subscription presumption to review. Should you apply?

Ankush Nijhawan, Arjun Nijhawan, Manish Dhingra, and Gaurav Bhatnagar are the promoters of the company.

TBO Tek Limited witnessed a important maturation successful its nett aft taxation (PAT), soaring by 340.4%, and its gross besides surged by 112.09% betwixt March 31, 2022, and March 31, 2023.

TBO Tek IPO subscription status

The nationalist contented garnered a subscription complaint of 52.46 times, with the retail information of the publication physique contented being oversubscribed by 12.97 times. The NII information witnessed a subscription of 33.67 times, portion the QIB conception saw an overwhelming subscription complaint of 75.29 times, arsenic per BSE data.

Also read: TBO Tek IPO continues to spot beardown request from retail, NIIs connected time 2; contented booked 4.15 times. Check GMP

TBO Tek IPO details

The IPO comprises caller issuance of 0.43 crore shares valued astatine ₹400 crores and an offer-for-sale conception of 1.25 crore shares valued astatine ₹1,150.81 crores. The terms scope for the contented was acceptable betwixt ₹875 and ₹920 per equity stock with a look worth of ₹1.

Conducted done the book-building process, up to 75% of the nett issuance is designated for allocation to Qualified Institutional buyers proportionally, with 15% for non-institutional investors and astatine slightest 10% of the nett issuance allocated proportionally to retail investors.

Retail investors indispensable use for a minimum batch size of 16 shares, requiring a minimum concern of ₹14,720 to enactment successful the IPO. For Non-Institutional Investors (NIIs), the minimum batch size concern is 14 tons (equivalent to 224 shares), totaling ₹206,080, portion for Big Non-Institutional Investors (NIIs), it's 68 tons (1,088 shares), totaling ₹1,000,960.

Also read: TBO Tek IPO to unfastened tomorrow: GMP, contented details, 10 cardinal things to cognize earlier investing to ₹1,551-crore issue

TBO Tek IPO GMP today

Today, the grey marketplace premium (GMP) for the TBO Tek IPO stands astatine ₹535, marking a alteration of ₹5 compared to Thursday's GMP of ₹540. This means that the estimated listing terms of the TBO Tek IPO would beryllium ₹1,455, which is ₹58.15 per cent higher than the IPO terms of ₹920.

According to investorgain.com, the lowest GMP of TBO Tek IPO is ₹0, portion the highest GMP is ₹540.

'Grey marketplace premium' indicates investors' readiness to wage much than the contented price.

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Published: 10 May 2024, 07:51 PM IST