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TBO Tek reveals IPO price 💰: All you need to know! 🚀

TBO Tek reveals IPO price 💰: All you need to know! 🚀

Discover TBO Tek’s Maiden Public Offer

Are you looking to invest in the crypto market? TBO Tek has recently announced a price band of Rs 875-920 per share for its maiden public offer, which opens for subscription on May 8. The company aims to raise around Rs 1,551 crore from the issue. Here are some key details you need to know before diving into this opportunity:

Understanding TBO Tek’s IPO Details

TBO Tek’s IPO closes on May 10, including fresh equity of Rs 400 crore and an offer for sale (OFS) of up to 1.25 crore shares. Promoters like Gaurav Bhatnagar, Manish Dhingra, LAP Travel, TBO Korea, and Augusta TBO will be offloading their shares. Here’s how the IPO allocation looks like:

– 75% reserved for qualified institutional buyers
– 15% for non-institutional investors
– Remaining 10% for retail investors

Investors can bid for a minimum of 16 shares in one lot and multiples thereafter. The net proceeds from the fresh issue will be utilized for the growth and strengthening of the platform by adding new buyers and suppliers, unidentified inorganic acquisitions, and general corporate purposes.

TBO Tek’s Innovative Travel Platform

TBO simplifies the business of travel for suppliers such as hotels, airlines, travel agencies, tour operators, and other participants in the travel industry. The two-sided technology platform enables seamless transactions between suppliers and buyers, connecting over 147,000 buyers across more than 100 countries with over one million suppliers.

– The company has attracted investments from leading firms like General Atlantic
– TBO is set to capitalize on the expected recovery of the travel and tourism industry in 2023, with estimated growth figures

TBO Tek’s Financial Performance

For the nine months ended December 2023, TBO Tek reported a significant improvement in revenue from operations, with a 31% year-on-year (YoY) growth to Rs 1,024 crore. The profit after tax (PAT) also saw a healthy increase of 28% YoY to Rs 154 crore, showcasing the company’s strong financial performance.

TBO Tek’s IPO Listing and Management

Axis Capital, Goldman Sachs (India), Jefferies India, and JM Financial are the book-running lead managers of the issue. The equity shares are proposed to be listed on the NSE and BSE, providing investors with a transparent and regulated trading platform for TBO Tek’s shares.

Hot Take on TBO Tek’s IPO Opportunity

As you evaluate potential investment opportunities in the crypto market, TBO Tek’s maiden public offer presents a promising opportunity to tap into the travel industry’s growth. With a robust platform, strong financial performance, and support from leading investment firms, TBO Tek’s IPO could be a lucrative investment for those looking to diversify their portfolio.

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This content is aimed at sharing knowledge, it's not a direct proposal to transact, nor a prompt to engage in offers. Lolacoin.org doesn't provide expert advice regarding finance, tax, or legal matters. Caveat emptor applies when you utilize any products, services, or materials described in this post. In every interpretation of the law, either directly or by virtue of any negligence, neither our team nor the poster bears responsibility for any detriment or loss resulting. Dive into the details on Critical Disclaimers and Risk Disclosures.

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TBO Tek reveals IPO price 💰: All you need to know! 🚀