TBO Tek Limited IPO Allotment Status: Here’s How To Check Status And Latest GMP

May 10, 2024 IPO 2 min read
TBO Tek IPO Allotment Status

Valued at Rs 1,550.81 crores, the TBO Tek IPO is a book-built issue which comprises a fresh issue of 0.43 crore shares amounting to Rs 400.00 crores and an offer for sale of 1.25 crore shares amounting to Rs 1,150.81 crores.

The TBO Tek IPO opened on May 8, 2024, and closed on May 10, 2024. The allotment for the TBO Tek IPO is expected to be finalised on Monday, May 13, 2024, and it will be listed on BSE and NSE with a tentative listing date fixed as Wednesday, May 15, 2024.

 The minimum lot size is 16 shares with the price band set at ₹875 to ₹920 per share. Retail investors are required to make a minimum investment of ₹14,720. For sNII, the minimum lot size is 14 lots (224 shares), amounting to ₹206,080. As for bNII, the minimum lot size is 68 lots (1,088 shares), amounting to an investment of ₹1,000,960.

Axis Capital Limited, Jefferies India Private Limited, Goldman Sachs (India) Securities Private Limited, and Jm Financial Limited are the Book Running Lead Managers (BRLM) while Kfin Technologies Limited is the registrar for the issue.

Here’s how you can check the allotment status of TBO Tek Limited IPO: 

Step 1: Go to the BSE website. 

Step 2: Choose ‘Equity’ and then the issue name from the selection menu.

Step 3: Enter your application number as well as your PAN card number and press ‘Search’.

You can also follow a similar procedure to check the allotment status on the Registrar’s website: 

Step 1: Go to the Kfin Technologies Limited website. 

Step 2: Select the IPO name by clicking on ‘Company Selection’.

Step 3: Input your PAN, application number, DP/Client ID, or account number/IFSC number and click on ‘Search’. 

If the details are input correctly, the status will appear only after allotment. The equity shares are expected to be credited to successful investors’ demat accounts on May 14, 2024.

TBO Tek Limited, previously known as Tek Travels Private Limited, was founded in 2006. It has emerged as a leading travel distribution platform, offering travel inventory that caters to the needs of its customers. With the help of Forex, the platform also supports a wide range of currencies.

TBO Tek’s platform aims to simplify the travel business for suppliers such as airlines, car rentals, hotels, insurance, rail companies, and more. The company also deals with retail customers such as independent travel consultants and enterprise customers such as tour operators and travel management companies. For buyers, TBO Tek is a multi-currency and multi-lingual platform where they can find and book travel destinations for various segments such as leisure, religious, and business travel. As of December 31, 2023, TBO Tek has sold over 7,500 destinations across more than 100 countries and has a dedicated team of 2,000 people 2,000 people (1,717 on-roll and 283 off-roll).

TBO Tek Limited Grey Market Premium

Date GMP
May 6 ₹520
May 5 ₹510
May 4 ₹520
May 3 ₹460
May 2 ₹405

The last update for TBO Tek Limited IPO was on May 6, 2024, at 12:58. The GMP is ₹520. The expected listing price of TBO Tek Limited IPO, with a price band of 920.00, is ₹1442 (cap price + today’s GMP). 56.74% is the anticipated percentage gain or loss per share.

 


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