How To Check TBO Tek IPO Allotment Status

TBO Tek IPO, aiming to raise ₹1,550.81 crore, which opened for subscription on May 8 and closed on May 10, is a combination of a fresh issue of 0.43 crore shares aggregating to ₹400 crore and an offer for sale of 1.25 crore shares aggregating to ₹1,150.81 crore. The TBO IPO allotment status is set to be finalised later today.

If you applied for the IPO, here is how you can check the TBO Tek allotment status.

Checking IPO Allotment Status on Registrar's Website:

Follow these steps to check the TBO IPO allotment status

  1. Visit the registrar's website.
  2. Click on "Company Selection" and choose "TBO Tek" from the dropdown menu.
  3. Then you can enter your PAN, application number, or Demat.
  4. Enter the captcha and click Submit to retrieve the TBO Tek IPO allotment status

Checking IPO Allotment Status on BSE:

  1. Go to the BSE website.
  2. Click on the ‘Equity' section and select "TBO Tek" from the dropdown menu.
  3. Enter your application number or PAN.
  4. Click on the ‘Search' button.
  5. The result will show the number of shares allotted to you.

If all the details are entered correctly and the allotment has been finalised, the TBO IPO allotment status will be visible.

TBO IPO Subscription Status

On the final day of bidding, the TBO Tek IPO was oversubscribed 86.70 times. The retail individual investors (RIIs) portion has been oversubscribed by 25.74 times, while the non-institutional investors (NII) portion has seen an oversubscription of 50.60 times. However, the Qualified Institutional Buyers (QIBs) portion has only been subscribed 125.51 times.

The IPO reserves 29.94% of the shares for QIBs, 14.97% for NIIs, and 9.98% for RIIs and the remaining was allotted to anchor investors.

TBO IPO GMP

The TBO Tek IPO GMP is currently reported at ₹508. It is a dip from the ₹540 reported last Wednesday when the IPO opened for bidding. Taking the upper price band of ₹920 per share, the IPO is estimated to be listed at ₹1,428, around 55% premium over the issue price. However, it's important to remember that while IPO GMPs can provide some insight into market sentiment towards an IPO, they are not always a reliable predictor of the stock's performance upon listing.

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TBO Tek IPO Details

TBO Tek aims to utilise the proceeds from its offering for several strategic initiatives, including expanding its supplier and buyer base, enhancing the value of its platform through new business lines, pursuing selective acquisitions for inorganic growth, and leveraging data to offer customised travel solutions. Before the IPO launch, the company secured significant funding from a diverse group of anchor investors, including global institutions like Abu Dhabi Investment Authority, Government Pension Fund Global, Neuberger Berman Investment Funds, and others.

TBO Tek Company Details

Founded in 2006 as Tek Travels Private Limited and now known as TBO Tek, the company operates as a travel distribution platform, catering to diverse customer needs. Its platform empowers sellers to showcase and market their travel inventory, allowing them to set prices and reach potential buyers effectively. On the other hand, buyers benefit from a comprehensive, integrated platform offering multi-currency and multi-lingual support, serving as a convenient one-stop solution for booking travel across leisure, business, and religious segments worldwide.

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Posted In: NewsIPOsTBO Tek