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:
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
The GST registration process at FinanceSaathi is quick, transparent, and end-to-end online:
| Step | Process | Timeline |
|---|---|---|
| 1 | Consultation & Eligibility Check – Our experts assess your business and required documents. | 1 Day |
| 2 | Document Collection & Preparation – You share scanned copies; we prepare the application. | 1–2 Days |
| 3 | Online Application Submission – Filing GST REG-01 on GST portal. | 1 Day |
| 4 | ARN Generation & Verification – Acknowledgment number generated and verified. | 1 Day |
| 5 | GST Officer Review – Department may seek clarification if required. | 2–3 Days |
| 6 | GSTIN Allotment & Certificate Issued – Once approved, you receive your GST registration certificate via email. | 3–5 Days Total |
Estimated Total Duration: 3–5 Working Days
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