TBO Tek IPO Allotment Finalized: A Successful Debut on the Stock Market



TBO Tek Ltd., a main travel distribution platform, has finished its initial public offering (IPO) with the allotment of shares finalized on May 13, 2024. The company’s shares are tentatively scheduled to be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on May 15, 2024.


The TBO Tek IPO, which opened for subscription from May 8 to May 10, 2024, acquired an overwhelming response from investors. The public problem, really worth ₹1,551 crore, comprised a fresh difficulty of 43 lakh stocks well worth ₹400 and an offer-for-sale (OFS) of 1.25 crore shares amounting to ₹1,151 crore.


Checking the Allotment Status

Investors who've bid for the IPO can now take a look at the allotment reputation on the official websites of the NSE and BSE, similar to the registrar portal. The agency has appointed Kfin Technologies Limited as the IPO registrar.


To check the allotment status on the BSE website:

1. Visit the BSE website at www.bseindia.com

2. Click on "Equity" under the "Issue Information" section

3. Select "TBO Tek Limited" from the dropdown list

4. Enter your application number or PAN card number

5. Click on "Search" to view your allotment status


To check the allotment status on the NSE website:

1. Visit the NSE website at www.nseindia.com

2. Click on "IPO" under the "Quick Links" section

3. Select "TBO Tek Limited" from the dropdown list

4. Enter your application number or PAN card number

5. Click on "Submit" to view your allotment status


To check the allotment status on the Kfin Technologies website:

1. Visit the Kfin Technologies website at www.kfintech.com

2. Click on "IPO Allotment Status" under the "Investor Services" section

3. Select "TBO Tek Limited" from the dropdown list

4. Enter your application number, Demat account number, or PAN card number

5. Click on "Submit" to view your allotment status


Read Also: TBO Tek IPO: A Promising Opportunity in the Travel Distribution Sector


TBO Tek's Business Model


Through centralizing transactions, TBO Tek runs a B2B travel distribution platform that streamlines travel. The platform facilitates communication between buyers and travel suppliers, including airlines, hotels, auto rentals, cruise lines, travel agencies, tour operators, and independent tour consultants.


The company generates revenue through two models: the B2B price model and the commission model. Under the B2B rate model, TBO Tek gets stock from suppliers and adds a markup before selling to buyers. The commission model includes suppliers placing their costs, with TBO Tek earning a commission partially shared with buyers to incentivize them.


Growth Prospects and Utilization of IPO Proceeds


The travel and tourism industry is expected to grow at a CAGR of 8.2% between 2023 and 2027, reaching $2.6 trillion. TBO Tek aims to capitalize on this growth by utilizing the IPO proceeds for various initiatives.


The company plans to invest ₹260 crore in growth and platform enhancement, focusing on onboarding more buyers and suppliers, investing in its international subsidiary to grow its global business, and conducting marketing and sales activities. An additional ₹40 crore will be allocated for unidentified inorganic acquisitions, while the remaining funds will be used for general corporate purposes.


Analysts' Recommendations


Despite the excessive P/E ratio of 64x, analysts suggest subscribing to the TBO Tek IPO because of its consistent increase over the last years and the lack of direct competitors for assessment. The investor’s growth possibilities and the probability of gains, while the stocks begin trading, make it an appealing investment funds opportunity.


Conclusion


TBO Tek's successful IPO allotment marks a full-size milestone for the company because it embarks on its journey as a publicly traded entity. With the tour industry poised for growth and the corporation's innovative business model, TBO Tek is well-located to capitalize on the possibilities in advance. As investors eagerly anticipate the list of stocks, the company’s focus on growth and platform enhancement will drive its success in the coming years.

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