TBO Tek IPO Details, Financials, Valuation & Peers
Get everything you need to know about the TBO Tek IPO. Explore TBO Tek IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
TBO Tek Limited is a leading travel distribution platform in India. They connect travel suppliers (hotels, airlines, etc.) with travel buyers (travel agencies, online travel agencies, etc.) through a B2B platform. Their platform allows for seamless transactions, solves problems related to travel discovery, reliability, and service.
Key Points:
- Aggregated Supply: TBO Tek aggregates supply from various travel providers, including hotels, airlines, car rental companies, transfer providers, and cruise companies, either through direct connectivity or third-party aggregators.
- Buyer Categories: Buyers are classified into Retail Buyers and Enterprise Buyers. Retail Buyers are typically small businesses, while Enterprise Buyers include large travel businesses and digital native companies. Enterprise Buyers transact via APIs, while Retail Buyers use the retail selling platform.
- Supplier Integration: Hotels worldwide share live inventory and pricing information through XML feeds, JSON feeds, or TBO Tek's extranet platform. TBO Tek's Supplier universal API engine aggregates and cleans this data for personalized recommendations.
- Fast Booking Experience: Buyers receive geo-centric personalized recommendations, facilitating a quick booking experience. The platform handles payment settlements in multiple currencies for both buyers and suppliers.
- Revenue Models:
- B2B Rate Model: TBO Tek receives inventory at a special B2B rate from suppliers, applies a mark-up, and passes it on to buyers.
- Commission Model: Suppliers set prices, and TBO Tek earns commission on each transaction, sharing a portion with buyers.
- Revenue Sources: In addition to mark-ups and commissions, TBO Tek earns revenue from productivity-linked incentives, transaction fees, rebates on credit card payments, GDS segment fees, deposit incentives, and marketing fees.
Objects of the Issue
- 1. Growth and strengthening of the platform by adding new Buyers and Suppliers
- (a) investment in technology and data solutions by the Company
- (b) investment in the Material Subsidiary, Tek Travels DMCC, for onboarding platform users through marketing and promotional activities; and hiring sales and contracting personnel for augmenting the Supplier and Buyer base outside India
- (c) investment in sales, marketing and infrastructure to support organization’s growth plans in India
- 2. Unidentified inorganic acquisitions and general corporate purposes
- (a) Unidentified inorganic acquisitions
- (b) General corporate purposes
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 08 May - 10 May 2024 |
| IPO Price Band | ₹ 875 - 920 per share |
| Fresh Issue | Aggregating up to ₹ 400 crore |
| Offer For Sale | Up to 12,508,797 shares ( ₹ 1,150.81 crore ) |
| Total IPO Size | Approx ₹ 1550.81 crore |
| Face Value | ₹ 1 |
| Listing On | BSE, NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 08 May 2024 |
| IPO Closing Date | 10 May 2024 |
| Basis Of Allotment | 13 May 2024 |
| Refunds | 14 May 2024 |
| Demat Transfer | 14 May 2024 |
| IPO Listing Date | 15 May 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Dec 2023 |
|---|---|---|---|---|
| Total Income | 176.5 | 511.9 | 1,085.77 | 1,039.56 |
| Total Expenses | 176.81 | 470.46 | 914.42 | 858.74 |
| Net Profit/Loss | -34.14 | 33.72 | 148.49 | 154.18 |
| NPM (*) | -24.07 | 6.97 | 13.94 | 15.06 |
| Total Assets | 576.16 | 1,271.43 | 2,557.92 | 3,754.05 |
| Total Liabilities | 372.09 | 1,039.52 | 2,220.73 | 3,252.83 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | Dec 2023 |
|---|---|---|---|---|
| EPS | -3.28 | 3.32 | 14.07 | 15.15 |
| ROE (%) | -16.73 | 14.54 | 44.04 | 30.76 |
| ROCE (%) | NA | NA | NA | NA |
| D/E Ratio | NA | NA | NA | 0.01 |
| Current Ratio | 1.51 | 1.20 | 1.12 | 1.08 |
| EBITDA MARGIN (%) | -16.0 | 5.95 | 17.08 | 18.82 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| TBO Tek Limited | 1,064.59 | 65.39 | 14.07 | 44.04 | 33.22 |
| Rategain Travel Technologies Limited | 565.13 | 113.31 | 6.33 | 9.64 | 65.67 |
| Travel CTM | 3,463.03 | 28.34 | 28.04 | 6.62 | 425.20 |
| Webjet Ltd. | 1,931.32 | 213.16 | 2.01 | 1.74 | 115.95 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 125.51 |
| Non-Institutional Investor (NII) | 50.6 |
| Retail Individual Investor (RII) | 25.72 |
| Total | 86.69 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222/ 18003094001
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Company Promoters
- ANKUSH NIJHAWAN
- GAURAV BHATNAGAR
- MANISH DHINGRA
- ARJUN NIJHAWAN
- LAP TRAVEL PRIVATE LIMITED
Lead Managers
- Axis Capital Limited
- Jefferies India Private Limited
- Goldman Sachs (India) Securities Private Limited
- JM Financial Limited
Company Address
TBO Tek Limited
E - 78, South Extension Part I, New Delhi – 110 049, India
Phone: +91 124 499 8999
Email: corporatesecretarial@tbo.com
Website: www.tbo.com
FAQs
- What is the issue size of the TBO Tek IPO?The TBO Tek IPO has an issue size of Approx ₹ 1550.81 crore. This includes a fresh issue of Aggregating up to ₹ 400 crore and an offer for sale (OFS) of Up to 12,508,797 shares ( ₹ 1,150.81 crore ).
- What is the price band of the TBO Tek IPO?The price band for the TBO Tek IPO is ₹ 875 - 920 per share.
- What are the bidding dates for the TBO Tek IPO?The TBO Tek IPO will open for bidding on 08 May 2024 and close on 10 May 2024.
- What is the allotment date for the TBO Tek IPO?The allotment date for the TBO Tek IPO is 13 May 2024.
- What is the listing date for the TBO Tek IPO?The listing date for the TBO Tek IPO is 15 May 2024.
- What is the TBO Tek IPO grey market premium?The grey market premium (GMP) for the TBO Tek IPO is currently at ₹300, with an expected listing gain of approximately 32.61%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.