TBO Tek IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details

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TBO Tek Limited IPO GMP

The TBO Tek IPO, valued at Rs 1,550.81 crores, comprises a fresh issue of 0.43 crore shares worth Rs 400.00 crores and an offer for sale of 1.25 crore shares totaling Rs 1,150.81 crores.

Subscription for the IPO opens on May 8, 2024, closing on May 10, 2024, with allotment expected by May 13, 2024. It is slated to list on BSE and NSE on May 15, 2024. Priced between ₹875 to ₹920 per share, the minimum lot size for application is 16 shares. Retail investors need a minimum investment of ₹14,720.

Axis Capital Limited, Jefferies India Private Limited, Goldman Sachs (India) Securities Private Limited, and JM Financial Limited are the book running lead managers, with KFin Technologies Limited serving as the registrar.

The Offer comprises of the Fresh Issue and an Offer for Sale. An Offer for Sale of up to 12,508,797 Equity Shares and Fresh Issue aggregating up to ₹ 4,000.00 million.

The funds from fresh issue will be utilized towards:

Expansion of the Supplier and Buyer base
Amplification of value of our platform by adding new lines of businesses
Inorganic growth through selective acquisitions and building synergies with our existing platform
Leveraging data procured to offer bespoke travel solutions to our Buyers and Suppliers.