/ 16 Shares
08-May-2024 - 10-May-2024
₹ 875 - ₹ 920
₹ 14720.00
16
16,856,623
Face Value - ₹ 1/- Per Share
Listing at BSE NSE
105,150 Application Required in Retail for 1 Time.
Registrar : KFin Technologies Limited
Fresh Issue of Equity Shares aggregating upto Rs. 400 Cr and Offer for Sale of upto 12,508,797 Equity Shares
Category | % | Shares/Amount |
---|---|---|
QIB | 75% | 12,618,012 Shares Rs.1160.86 Cr |
HNI 1 | 5% | 841,201 Shares Rs. 77.39 Cr @ 3755 Form 1X |
HNI 2 | 10% | 1,682,401 Shares Rs. 154.78 Cr @ 7511 Form 1X |
Retail | 10% | 1,682,401 Shares Rs. 154.78 Cr @ 105150 Form 1X |
Employee | 0% | 32,608 Shares Rs. 3.00 Cr |
BRLMs: Axis Capital, Jefferies India, Goldman Sachs (India), JM Financial
Retail (Upto 2 Lakh) | HNI (2 Lakh to 10 Lakh) | HNI (Above 10 Lakh) |
---|---|---|
105150 Form 1X | 3755 Form 1X | 7511 Form 1X |
Category | Lots | Shares | Amount |
---|---|---|---|
Retail (Upto 2 Lakh) | 1 | 16 | ₹ 14,720 |
Retail (Upto 2 Lakh) | 13 | 208 | ₹ 191,360 |
S-HNI (2 Lakh to 10 Lakh) | 14 | 224 | ₹ 206,080 |
S-HNI (2 Lakh to 10 Lakh) | 67 | 1072 | ₹ 986,240 |
B-HNI (Above 10 Lakh) | 68 | 1088 | ₹ 1,000,960 |
10-May-2024 19:10
Category | Book Size | Subscription | No. of Times |
---|---|---|---|
QIB | 5,047,205 ₹ 464.34 Cr. | 633,476,128 ₹ 58279.80 Cr. | 125.51x |
HNI (<10 LAKH) | 841,201 ₹ 77.39 Cr. | 33,791,248 ₹ 3108.79 Cr. | 40.17x |
HNI2 (>10 LAKH) | 1,682,401 ₹ 154.78 Cr. | 93,909,920 ₹ 8639.71 Cr. | 55.82x |
RETAIL | 1,682,401 ₹ 154.78 Cr. | 43,313,136 ₹ 3984.81 Cr. | 25.74x |
EMP | 32,608 ₹ 3.00 Cr. | 581,008 ₹ 53.45 Cr. | 17.82x |
Total | 9,285,816 | 805,071,440 | 86.70x |
Category | Book Size | Subscription | No. of Times |
---|---|---|---|
QIB | 5,047,205 ₹ 464.34 Cr. | 633,476,128 ₹ 58279.80 Cr. | 125.51x |
HNI (<10 LAKH) | 841,201 ₹ 77.39 Cr. | 33,791,248 ₹ 3108.79 Cr. | 40.17x |
HNI2 (>10 LAKH) | 1,682,401 ₹ 154.78 Cr. | 93,909,920 ₹ 8639.71 Cr. | 55.82x |
RETAIL | 1,682,401 ₹ 154.78 Cr. | 43,313,136 ₹ 3984.81 Cr. | 25.74x |
EMP | 32,608 ₹ 3.00 Cr. | 581,008 ₹ 53.45 Cr. | 17.82x |
Total | 9,285,816 | 805,071,440 | 86.70x |
*Excluding Anchor
Total No. of Application Approx : ~2289142 (21.77 Appwise)
Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.
TBO Tek Limited (“TBO Tek”) was incorporated on November 6, 2006. The company is one of the leading travel distribution Platform in the global travel and tourism industry in terms of Gross Transaction Value (“GTV”) and revenue from operations providing a wide range of offerings operating in over 100 countries. Their platform connects over 159,000 Buyers across more than 100 countries with over 1 million Suppliers, as of December 31, 2023, by providing Buyers with a comprehensive travel inventory according to the needs of their customers; and supporting a wide range of currencies along with forex assistances.
The company simplify the business of travel for Suppliers such as hotels, airlines, car rentals, transfers, cruises, insurance, rail and Retail buyers such as travel agencies and independent travel advisors and Enterprise buyers that include tour operators, travel management companies, online travel companies, super-apps and loyalty apps, through their 2-sided technology platform that enables Suppliers and Buyers to transact seamlessly with each other. Enterprise buyers usually use their Extensible Markup Language (“XML”) or JavaScript Object Notation (“JSON”) application programming interface (“API”) to transact through their platform.
The online channel further can be divided into 3 sub-categories: (i) direct online channel; (ii) online travel agencies; and (iii) meta-search platforms. The offline channel customers are generally either first-time travellers or experienced travellers from mature markets with a complex itinerary.
The company has 2 key revenue models for their transaction, i.e., B2B Rate Model where they receive inventory from Suppliers on which they apply a certain mark-up and pass on to the Buyers and Commission Model where their Suppliers fix the price at which they want to sell to the end traveller on which receive commission from the Supplier part of which the company retain and part of which they share with the Buyer.
The number of Monthly Transacting Buyers has increased at CAGR of 53.57% from 10,401 for Fiscal 2021 to 24,530 for Fiscal 2023. They had 26,436 Monthly Transacting Buyers for the 9 months ended December 31, 2023.
The acquisition of BookaBed, giving them access and presence in the Irish and the United Kingdom markets. They have recently launched their new brand Kizan to drive focus on inbound tourism business in the Kingdom of Saudi Arabia. They launched Zamzam for Umrah travel, and Paxes for the corporate travel market.
Competitive Strength
Platform creating network effect with interlinked flywheels to enhance value proposition for partners;
Modular and scalable proprietary technology platform allowing addition of new lines of business, markets, and travel products;
Ability to generate and leverage large data assets;
Data driven decision making across the enterprise;
Founders’ led company supported by experienced professional management team with deep travel and technology expertise;
Capital efficient business model with a combination of sustainable growth.
Business Strategies
Strategic vectors that contributed to rapid growth;
Expand Buyer and Supplier base;
Continue to amplify the value of the platform;
Continue to amplify the value of the platform;
Use data as a corporate currency.
Gaurav Bhatnagar is the Promoter and Joint Managing Director of the company. Ankush Nijhawan is the Joint Managing Director of the company. Udai Dhawan is a Non-Executive Nominee Director of the company. Ravindra Dhariwal is the Chairman and Independent Director of the company. Rahul Bhatnagar is an Independent Director of the company. Bhaskar Pramanik is an Independent Director of the company. Anuranjita Kumar is an Independent Director of the company. Vikas Jain is the Chief Financial O
TBO Tek Limited's revenue increased by 112.09% and profit after tax (PAT) rose by 340.4% between the financial year ending with March 31, 2023 and March 31, 2022.
Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
Assets | 3,754.05 | 2,557.93 | 1,271.43 | 576.16 |
Revenue | 1,039.56 | 1,085.77 | 511.93 | 176.55 |
Profit After Tax | 154.18 | 148.49 | 33.72 | -34.14 |
Net Worth | 501.21 | 337.19 | 231.90 | 204.07 |
Reserves and Surplus | 478.43 | 317.57 | 214.08 | 197.58 |
Total Borrowing | 2.93 | 6.36 | 2.69 | |
Amount in ? Crore |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
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