TBO Tek IPO – Company details to risk factors, all you need to know

May 8, 2024

By: Sourabh Jain

Credit: TBO Tek

TBO Tek Limited IPO

New Delhi-based TBO Tek’s initial public offering (IPO) opened on Wednesday, May 8, and will close on Friday, May 10.

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Price band

TBO Tek has fixed a price band of ₹875-₹920 per share for its public issue.

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About the company

TBO Tek is a New Delhi-based travel distribution platform that offers travel inventory according to the needs of its customers. It also offers a wide range of currencies, with forex help.

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IPO size

TBO Tek is looking to raise ₹1,550.81 crore from the current IPO. This includes a fresh issue of ₹400 crore and an offer for sale (OFS) component of ₹1,150.81 crore.

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Lot size

Investors can bid for a minimum of 16 shares and in multiples of 16 shares thereafter.

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Current operations

In FY23, TBO Tek on average received over 41,000 bookings per day on its platform. It has over 7,500 destinations across 100 countries.

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The company’s income was ₹1,085.77 crore in FY23, up from ₹511.93 crore in FY22. The company reported a net profit of ₹148.49 crore in FY23, up from ₹33.72 crore in FY22.

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Risk factors

The company operates in a highly competitive industry and the tourism industry is also highly sensitive to external factors, which could pose a risk to the company.

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Business risks

The company is highly dependent on a limited number of suppliers and is exposed to pricing pressures as set by suppliers.

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The content on this website is for informational purposes only and should not be construed as investment advice. We recommend readers consult certified, qualified and registered advisors for professional and personalised financial advice.

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