IPO Details
Bidding Dates
08 May 24 - 10 May 24
Price Range ₹
875 - 920
Total Equity
₹ 1550.81Cr
Lot Size
16
Exchange Status
BSE,NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
25.74×
Qualified Institutional Buyers
125.51×
Employees
17.82×
Retail Investors
25.74×
Total subscription Rate
86.70×
IPO Timeline
Offer start
08 May 2024
Offer end
10 May 2024
Allotment
13 May 2024
Refund initiation
14 May 2024
Demat transfer
14 May 2024
Listing
15 May 2024
Offer start
08 May 2024
Offer end
10 May 2024
Allotment
13 May 2024
Refund initiation
14 May 2024
Demat transfer
14 May 2024
Listing
15 May 2024
About Company
Founded in 2006, TBO Tek Limited, formerly Tek Travels Private Limited, operates as a travel distribution platform catering to the diverse needs of its clientele. The platform offers a comprehensive range of travel inventory and extends support for multiple currencies, along with forex assistance. TBO Tek simplifies the travel business for both suppliers and retail customers by providing a two-sided technology platform. This platform seamlessly connects suppliers such as hotels, airlines, car rentals, transfers, cruises, insurance providers, and rail companies with various types of customers, including travel agencies, independent travel consultants, tour operators, travel management companies, online travel companies, super apps, and loyalty apps. Through its platform, TBO Tek empowers sellers to showcase their inventory, set prices, and effectively market their offerings to potential buyers. For buyers, the platform serves as an integrated, multi-currency, and multi-lingual solution, offering a convenient one-stop destination to discover and book travel across leisure, business, and religious segments. As of December 31, 2023, TBO Tek had facilitated transactions for over 7,500 destinations spanning more than 100 countries. Additionally, the company boasted a workforce of over 2,000 employees dedicated to providing efficient travel solutions to its global clientele.
Year Founded
06-11-2006
Promotor Details
Ravindra Dhariwal
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 51.26 | 44.41 |
| Share Capital | 53433436 | 48221436 |
Offer to Public
1,68,56,623.00 Cr
Highlights
- TBO TEK Limited's platform generates a powerful network effect, strengthening value propositions for partners by promoting interconnected flywheels. This effect fosters continuous growth by attracting more buyers, thereby drawing in additional suppliers, enhancing pricing, expanding supplier selection, and increasing transaction volume.
- The company boasts a scalable and flexible technological platform that facilitates seamless integration of new travel goods, markets, and business lines. This platform enables TBO TEK to effectively penetrate and grow in multiple markets, resulting in significant increases in Gross Transaction Value (GTV) across various geographical areas.
- TBO TEK follows a capital-efficient strategy, generating robust cash flows and demonstrating long-term growth prospects. Through well-timed acquisitions like Island Hopper and BookaBed A.G., the company expands its network of partners, strengthens market standing, and provides a diverse range of travel goods across multiple source markets.
- The company emphasizes growing its worldwide base of buyers and suppliers, offering profitable development prospects in developing economies and supplementary services. This focus on global expansion enhances TBO TEK's market reach and revenue potential, positioning it for sustained growth in diverse markets.
- TBO TEK leverages partnerships to generate value for its stakeholders. By collaborating with a wide range of suppliers and buyers, the company creates mutually beneficial relationships, strengthens its market position, and enhances its ability to provide comprehensive travel solutions to its customers.
Challenges
- TBO TEK Limited relies heavily on revenue generated from hotel and ancillary reservations, making it vulnerable to factors affecting hotel bookings and air travel demand. Economic instability, security concerns, or international conflicts could negatively impact the company's operations and financial performance.
- The company faces pricing pressure from suppliers, who may change commission arrangements or withhold goods for exclusive distribution channels. Failure to adjust service prices in response to reduced commissions or fees could lead to decreased income and lower Gross Transaction Value (GTV). Additionally, competition from airline suppliers offering more favorable terms through direct distribution channels may affect TBO TEK's competitiveness.
- TBO TEK Limited has undisclosed contingent liabilities, which pose a risk to its financial stability if they materialize. These liabilities could adversely impact the company's financial situation and erode investor confidence.
- The company's business operations and financial situation are susceptible to any failure to maintain or upgrade its proprietary technology essential for critical business functions. This could result in service interruptions or diminished service quality, leading to customer dissatisfaction and potential revenue loss.
- TBO TEK's reliance on proprietary technology for essential business tasks represents a weakness. Any disruptions or inadequacies in this technology could hinder the company's ability to deliver services effectively, impacting its reputation and financial performance.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2019 | 8,613.05 | 18.95 | 263.33 | 263.33 | 2.5266 |
| 2022 | 13,277.24 | 104.24 | 729.28 | 729.28 | 6.9972 |
| 2023 | 26,223.28 | 104.24 | 1,484.91 | 1,442.51 | 13.8384 |
| 2021 | 6,210.22 | 18.95 | 337.17 | 337.17 | 3.2346 |
| 2020 | 8,424.55 | 18.95 | 337.17 | 337.17 | 3.2346 |
