TBO Tek IPO last bidding day today: Check out key things to know from RHP before investing

On the 2nd time of bidding, the contented received 4.15 times subscription and connected the archetypal day, the IPO was booked 1.15 times.

The contented volition extremity contiguous (Friday, May 10), aft subscriptions started connected Wednesday, May 8. A terms set of ₹875 to ₹920 per equity stock with a look worth of Re 1 has been acceptable for the issue. 16 equity shares marque up each batch successful the IPO, and afterward, determination volition beryllium multiples of 16 equity shares.

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

TBO Tek IPO, which is worthy ₹1,550.81 crore, comprises a caller contented of ₹400 crore, and an offer-for-sale (OFS) of up to 12,508,797 equity shares of look worth of Re 1 each by the promoters and different investors.

The institution plans to usage the nett proceeds from the offering to money its objectives of: increasing the basal of suppliers and buyers; enhancing the worth of our level by introducing caller concern lines; achieving inorganic maturation done strategical acquisitions and forming alliances with our existent platform; and utilising acquired information to supply our suppliers and buyers with customised question options.

Here are cardinal things from the Red Herring Prospectus (RHP) that investors mightiness privation to cognize earlier subscribing to the issue.

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 Promoters

As of the Red Herring Prospectus date, the promoters of the institution are Ankush Nijhawan, Gaurav Bhatnagar, Manish Dhingra, Arjun Nijhawan, and LAP Travel Private Limited. Together, they clasp 53,433,326 equity shares, oregon 51.26% of the issued, subscribed, and paid-up equity stock superior of the business.

TBO Tek IPO shareholders 

According to the Red Herring Prospectus for the company's IPO, firm promoters ain 51.26 percent of TBO Tek, portion nationalist shareholders clasp 46.43 percent of this online question distributor.

Augusta TBO is the company's largest nationalist shareholder, owning 19.53 percent of the shares. 15,635,994 institution shares, oregon 15% of the firm's full paid-up capital, are owned by General Atlantic.

TBO Korea is the proprietor of 11,523,854 shares, representing 11.06 percent of the company's full holdings. The remaining 2.31 percent of the corp is owned by the TBO ESOP Trust, a non-public shareholder and promoter entity; promoters and nationalist shareholders power 98.54 percent.

TBO Tek IPO Peers

The company's globally listed counterparts see Travel CTM (P/E of 28.34), Webjet Ltd (P/E of 213.16), and RategainTravel Technologies Ltd (P/E of 113.31), which is its Indian listed peer.

Also Read: TBO Tek IPO time 1: GMP, subscription status, review, different details of General Atlantic-backed IPO. Apply oregon not?

TBO Tek Ltd business

Travel organisation level TBO Tek Limited, formerly known arsenic Tek Travels Private Limited, provides question inventory based connected lawsuit demands and supports galore currencies successful summation to providing FX assistance.

Through its two-sided exertion platform, which facilitates seamless connection betwixt suppliers and customers, the institution streamlines the question manufacture for a scope of clients, including firm clients similar circuit operators, question absorption companies, online question companies, hotels, airlines, car rentals, transfers, cruises, insurance, obstruction companies, and others, arsenic good arsenic retail clients similar question agencies and autarkic question consultants.

TBO Tek Ltd Industry

The concern operates successful the question and tourism sector. The question and tourism assemblage has evolved implicit the past period from a elemental point-to-point question solution to an ecosystem that serves some idiosyncratic and concern travelers (B2C and B2B), providing broad solutions that encompass a scope of lawsuit needs and preferences passim the full question experience. In 2017, the question and tourism marketplace was valued astatine US$ 1.7 trillion. The question and tourism assemblage rebounded successful 2023, rising 18.2% annually from 2022 to US$ 1.9 trillion. Growth astatine a compound yearly maturation complaint (CAGR) of 8.2% is predicted to scope US$ 2.6 trillion by 2027.

TBO Tek IPO Financial

Between the fiscal twelvemonth ending connected March 31, 2022, and March 31, 2023, the company's gross climbed by 112.09% and its nett aft taxation (PAT) accrued by 340.4%.

TBO Tek IPO Lock-in of equity shares allotted to anchor investors

Within the 90-day play pursuing the day of allocation, 50% of the Equity Shares allotted to Anchor Investors nether the Anchor Investor Portion volition beryllium locked-in, and the remaining Equity Shares volition beryllium locked-in for 30 days pursuing the day of Allotment.

Also Read: TBO Tek IPO: Here are 10 cardinal risks from the RHP you should cognize earlier subscribing

Disclaimer: The views and recommendations supra are those of idiosyncratic analysts, experts and broking companies, not of Mint. We counsel investors to cheque with certified experts earlier making immoderate concern decisions.

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Published: 10 May 2024, 11:04 AM IST