look news india
TBO Tech IPO opens: The public offering of online travel agency Travel Boutique Online or TBO Tech has opened on Wednesday, May 8. You can invest money in it till May 10. The company aims to raise Rs 1550.81 crore. The company has raised Rs 696.51 crore from an anchor investor on May 7. Global investors including Abu Dhabi Investment Authority, Government Pension Fund Global, Neuberger Berman Investment Fund, Nomura Fund, BlackRock Global Fund, Fidelity Fund, Goldman Sachs, HSBC Global, East Spring Investments have participated in the Anchor Book.
Domestic mutual funds like ICICI Prudential Mutual Fund, Kotak Mahindra Trustee, Nippon Life India, SBI Mutual Fund, Axis Mutual Fund, Franklin India, Mirae Asset, WhiteOak Capital, Bandhan Mutual Fund, Canara Robeco Mutual Fund and DSP Multicap Fund also participated. took. Anchor issue.
Prize Bank and Lot Size
The price band for the IPO has been kept at Rs 875-920 per share and the lot size is 16 shares. 43 lakh new shares worth Rs 400 crore have been issued in the public issue. Also, 1.25 crore shares worth Rs 1150.81 crore will be offered for sale. The shares can be listed on BSE and NSE on May 15 after the closure of the IPO.
Axis Capital Limited, Jefferies India Private Limited, Goldman Sachs Securities Private Limited and JM Financial Limited are the book running lead managers to the issue. The registrar is Kfin Technologies Limited. Ankush Nijawan, Gorav Bhatnagar, Manish Dhingra and Arjun Nijawan are the promoters of TBO Tech.
Reserved portion of TBO Tech IPO
In the TBO Tech IPO, 29.94 per cent shares are reserved for qualified institutional buyers, 14.97 per cent shares for non-institutional investors, 9.98 per cent shares for retail investors and 0.19 per cent shares for employees of the company.
What are the signals from the gray market?
In the gray market, TBO Tech shares are trading at a premium of Rs 540 or 58.70 per cent to the upper price band of the IPO. The gray market is an unauthorized market where share listings of many companies are traded.
How is the financial situation?
TBO Tech's profit increased by 340 percent year-on-year to Rs 148.5 crore in FY 2023. Operating income increased by 120.3 percent to Rs 1064.6 crore. The company's net profit for the April-December 2023 period increased by 28.2 percent year-on-year to Rs 154.2 crore. Whereas the income has increased by 30.7 percent to Rs 1023.8 crore.
