The TBO Tek IPO commenced on May 8, 2024, and concluded on May 10, 2024. The allotment of shares took place on May 13, 2024, and the initiation of refunds began on May 14, 2024. The shares were credited to the demat accounts of investors on May 14, 2024. Finally, the listing of TBO Tek on the stock exchange occurred on May 15, 2024.
The TBO Tek IPO was priced at ₹875 to ₹920 per share, with a lot size of 16 shares. The total issue size was ₹1,550.81 crores, comprising a fresh issue of ₹400.00 crores and an offer for sale of ₹1,150.81 crores. The IPO was listed on both the NSE and BSE.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 75% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 10% of the shares.
TBO Tek IPO Basic Details
| Company Name | TBO Tek Limited |
| Domain of Company | Travel Company |
| TBO Tek IPO GMP Today | ₹540 |
| TBO Tek IPO Listing Gain | 58.70% |
| TBO Tek IPO Open Date | May 8, 2024 |
| TBO Tek IPO Close Date | May 10, 2024 |
| TBO Tek IPO Allotment Date | May 13, 2024 |
| TBO Tek IPO Listing Date | May 15, 2024 |
| Face Value | ₹10 per share |
| Price | ₹875 to ₹920 per share |
| Lot Size | 16 Shares |
| Issue Size | 16,856,623 shares of ₹1 (aggregating up to ₹1,550.81 Cr) |
| Fresh Issue | 4,347,826 shares of ₹1 (aggregating up to ₹400.00 Cr) |
| Offer for Sale | 12,508,797 shares of ₹1 (aggregating up to ₹1,150.81 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | Ankush Nijhawan, Gaurav Bhatnagar, Manish Dhingra, and Arjun Nijhawan |
TBO Tek IPO GMP Today:
| Date | GMP | Listing Gain | Kostak | Subject to |
| Today | ₹540 | 58.70% | – | – |
| 7 May 2024 | ₹540 | 58.70% | – | – |
TBO Tek IPO Details:
Founded in 2006, TBO Tek Limited, previously known as Tek Travels Private Limited, is a travel platform designed to meet the diverse needs of its users while providing support for multiple currencies and offering forex assistance.
Our mission at TBO Tek is to streamline the travel industry for both sellers and buyers. Whether you’re a hotel, airline, car rental service, or even a traveler seeking adventure, our platform caters to everyone. We connect suppliers like hotels, airlines, and more with retail customers such as travel agencies and individual consultants. Additionally, we assist corporate clients like tour operators and online travel companies, making their travel management process hassle-free.
Our platform empowers sellers to showcase their inventory and set competitive prices, while providing buyers with an integrated, multi-currency, and multi-lingual solution. Whether you’re planning a leisurely getaway, a business trip, or a religious pilgrimage, our platform offers a one-stop solution for discovering and booking travel to destinations worldwide.
As of December 31, 2023, TBO Tek had facilitated travel to over 7,500 destinations across 100 countries, employing a team of over 2,000 dedicated individuals.
TBO Tek IPO More Details Click Here
TBO Tek IPO FAQs
When is TBO Tek IPO open?
TBO Tek IPO will open on 8 May 2024.
When is TBO Tek IPO Close?
TBO Tek IPO will be closed on 10 May 2024.
What is TBO Tek IPO GMP Today?
The TBO Tek IPO GMP aka Grey Market Premium is ₹540.
What is TBO Tek IPO Kostak Rates Today?
The TBO Tek IPO Kostak Rate is ₹000.
What is TBO Tek IPO Subject to Sauda Price Today?
The TBO Tek IPO subject to sauda rates is ₹000.
TBO Tek IPO Expected Returns?
The TBO Tek expected return is 58.70%.
How much will be the listing gain in TBO Tek IPO?
TBO Tek IPO will get listing gain of 58.70%. (Approx.)
