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TBO Tek IPO
Price Band
₹875.0–920.0
Issue Size
₹1550.81 Cr
Lot Size
16 shares
Min Investment
₹14,720
GMP
+₹300.0 (32.61%)
Issue Price
₹920.0
Subject to Sauda
₹3600
Paid only if allotted
TBO Tek IPO AI Summary
- TBO Tek IPO is listed on BSE, NSE in the Tour, Travel Related Services sector.
- Price band: ₹875.0–₹920.0 per share, lot size 16 shares (min. investment ₹14,720).
- Subscription window: 08 May–10 May 2024, listing on 15 May 2024.
- Current GMP is +₹300.0 (32.61%), an estimated listing price of ₹1220 — unofficial and can change daily.
TBO Tek Limited is a travel distribution platform poised for growth, with a solid operational foundation and plans for expansion. The IPO offers investors an opportunity to participate in the company's future developments while considering the associated risks.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
TBO Tek IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 10 May 2024 — not a current signal.
13 of 14 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
TBO Tek IPO Grey Market Premium (GMP) Today
GMP
+₹300.0
GMP %
+32.61%
Est. Listing
₹1220.0
Updated: 25 Jul 2026 14:06
About the Company
Established in 2006, TBO Tek Limited, formerly known as Tek Travels Private Limited, is a travel distribution platform that offers travel inventory according to the needs of its customers and supports a wide range of currencies along with forex help. The company simplifies the travel business for suppliers such as hotels, airlines, car rentals, transfers, cruises, insurance, rail companies, and others, as well as for retail customers such as travel agencies and independent travel consultants, and corporate customers such as tour operators, travel management companies, online travel companies, super apps and loyalty apps through our two-sided technology platform that enables suppliers and customers to connect seamlessly. The company's platform enables sellers to show and market their inventory and set prices for buyers. For buyers, the platform is an integrated, multi-currency, and multi-lingual, one-stop solution that helps them discover and book travel to destinations around the world, across various travel segments such as leisure, business and religious travel. As at December 31, 2023, the company had sold over 7,500 destinations in more than 100 countries and employed over 2,000 people.
Company Financials (₹ Cr)
As of 2023-12-31
| 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 |
| Total Income | 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 |
Key Ratios
EPS
₹14.25
NAV
₹49.31
RoNW
30.76%
P/B Value
18.66
P/E Ratio
64.58
Market Cap
₹9990.08 Cr
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Webjet Ltd | 115.95 | 1.74% | 213.16 | 2.01 | 2.01 |
| Travel CTM | 425.2 | 6.62% | 28.34 | 28.14 | 28.04 |
| Rategain Travel Technologies Limited | 65.67 | 9.64% | 113.31 | 6.29 | 6.33 |
| TBO Tek Limited This IPO | 33.22 | 44.04% | — | 14.21 | 14.07 |
Promoters
Ankush Nijhawan, Gaurav Bhatnagar, Manish Dhingra and Arjun Nijhawan
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Growth and strengthening of the platform by adding new Buyers and Suppliers investment in technology and data solutions by the Company 135.00 2 Growth and strengthening of the platform by adding new Buyers and Suppliers investment in the Material Subsidiary, Tek Travels DMCC, for onboarding platform users through marketing and promotional activities hiring sales and contracting personnel for augmenting the Supplier and Buyer base outside India 100.00 3 Growth and strengthening of the platform by adding new Buyers and Suppliers investment in sales, marketing and infrastructure to support organizations growth plans in India 25.00 4 Unidentified inorganic acquisitions 40.00 5 General Corporate Purposes 81.06 Total 381.06
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹1,085.77 Cr for the period ending 31 Mar 2023, slightly declining to ₹1,039.56 Cr by 31 Dec 2023, though this is a 9-month figure and not a full year, so isn't directly comparable.
Profit Trend
Profit after tax increased from ₹33.72 Cr for the period ending 31 Mar 2022 to ₹148.49 Cr by 31 Mar 2023, and further rose to ₹154.18 Cr by 31 Dec 2023, indicating a positive trend in profitability.
Valuation
At the issue price of ₹920, TBO Tek's implied P/E ratio is 64.58, compared to peers with P/E ratios ranging from 28.34 to 213.16.
Grey Market Premium, Explained
Grey market premium (GMP) is an indicator of the expected listing price of an IPO. It reflects the demand and supply dynamics for the shares in the unofficial market before they are listed on the stock exchange. A higher GMP suggests strong demand, while a lower GMP indicates weaker demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment strategy and risk tolerance. It's important to consider the company's growth potential and market conditions.
Who May Want to Wait
Conservative investors who prefer stable returns and lower risk may want to avoid IPOs like this, especially if they are uncomfortable with the inherent risks associated with new market entrants.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some IPOs may experience significant price increases on their first day, others may not. Factors such as market conditions, investor sentiment, and company performance can all impact the stock's performance post-listing.
This evaluation is generated from TBO Tek's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is TBO Tek IPO GMP today?
TBO Tek IPO GMP today is +₹300.0 (32.61%), indicating an estimated listing price of ₹1220. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of TBO Tek IPO?
The price band of TBO Tek IPO is ₹875.0–₹920.0 per share.
When does TBO Tek IPO open and close?
TBO Tek IPO opens on 08 May 2024 and closes on 10 May 2024.
When does TBO Tek IPO list on the stock exchange?
TBO Tek IPO listed on 15 May 2024 at ₹1220.0.
What is the lot size for TBO Tek IPO?
The lot size for TBO Tek IPO is 16 shares, requiring a minimum investment of ₹14,720.
What is the lot size for TBO Tek's IPO?
The lot size for TBO Tek's IPO is 16 shares.
What is the minimum investment required?
The minimum investment required is ₹14,720.
What is the price band for the IPO?
The price band for the IPO is between ₹875.0 and ₹920.0.
When is the IPO open for subscription?
The IPO is open for subscription from May 8, 2024, to May 10, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
08 May 2024
Close
10 May 2024
Allotment
13 May 2024
Listing
15 May 2024
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