The TBO Tek IPO started on May 8, 2024, and ended on May 10, 2024. Shares were allocated on May 13, 2024, and refund processes began on May 14, 2024. On May 14, 2024, the shares were credited to investors demat accounts. TBO Tek was officially listed on the stock exchange on May 15, 2024.
During the IPO, TBO Tek offered shares at a price range of ₹875 to ₹920 per share, and the lot size was 16 shares. The total issue size was ₹1,550.81 crores, with ₹400.00 crores from new shares and ₹1,150.81 crores from shares for sale. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 75% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 10% were set aside for retail investors.
TBO Tek IPO Subscription Update Video
TBO Tek IPO Subscription Status
The TBO Tek IPO on May 10, 2024 was subscribed 86.69 times, with the retail category being subscribed 25.72 times, the NII (Non-Institutional Investor) category being subscribed 50.60 times, the QIB (Qualified-Institutional Buyers) category being subscribed 125.51 times.
| Category | Subscription |
| QIB | 125.51x |
| NII | 50.60x |
| Retail | 25.72x |
| Employee | 17.81x |
| Total | 86.69x |
TBO Tek IPO Basic Details
| Company Name | TBO Tek Limited |
| Domain of Company | Travel Company |
| 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 |
About TBO Tek Limited
Founded in 2006, TBO Tek Limited (formerly Tek Travels Private Limited) is your go-to travel hub. We cater to all your travel needs with a wide range of options and currency support, including forex assistance.
We make the travel industry hassle-free for everyone involved. Whether you’re a hotel, airline, car rental service, or a traveler looking for the best deals, our platform connects you effortlessly. We serve various clients, from travel agencies and independent consultants to tour operators and online travel companies, ensuring smooth transactions for all.
Our platform empowers sellers to showcase their offerings and set competitive prices. For buyers, it’s a user-friendly solution, offering multiple currencies and languages, making booking trips worldwide a breeze. Whether it’s leisure, business, or religious travel, we’ve got you covered.
By December 31, 2023, we had facilitated travel to over 7,500 destinations across 100 countries, with a team of over 2,000 dedicated professionals.
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TBO Tek IPO FAQs
What is the start and end date of TBO Tek IPO Subscription?
The TBO Tek IPO started on May 8, 2024, and ended on May 10, 2024.
When does TBO Tek IPO Subscription open?
The TBO Tek IPO open on May 8, 2024.
When does TBO Tek IPO Subscription close?
The TBO Tek IPO Close on May 10, 2024.
What is the allotment date of TBO Tek IPO?
The allotment date for TBO Tek IPO is May 13, 2024.
When is the initial refund date of TBO Tek IPO?
The initial Refund date for TBO Tek IPO is May 14, 2024.
When were the shares credited to investors demat accounts for the TBO Tek IPO?
The shares for the TBO Tek IPO were credited to investors demat accounts on May 14, 2024.
When will TBO Tek IPO be listed on the stock market?
TBO Tek IPO stock market will be listed on May 15, 2024 at 10 am.
What was the price range of the TBO Tek IPO shares?
The TBO Tek IPO shares were offered at a price range of ₹875 to ₹920 per share.
What was the lot size for the TBO Tek IPO shares?
The lot size for the TBO Tek IPO shares was 16 shares.
What was the total issue size of the TBO Tek IPO?
The total issue size of the TBO Tek IPO was ₹1550.81 crores.
How were the shares allocated among different types of investors for the TBO Tek IPO?
75% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 10% were set aside for retail investors.
On which stock exchanges was the TBO Tek IPO listed?
The TBO Tek IPO was listed on both the NSE and BSE.
What is the TBO Tek IPO Subscription Status?
TBO Tek IPO is subscribed 86.69 Times.
