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TBO Tek Makes A Strong Market Debut, Lists At Over 55% Premium On NSE

Inc42 · 1y ago

TBO Tek Makes A Strong Market Debut, Lists At Over 55% Premium On NSE

B2B travel portal Travel Boutique Online (TBO) had a successful IPO, with its public issue being oversubscribed 86.7 times. The company's shares were listed at a premium of 50-55% over the issue price on both the NSE and BSE. TBO Tek provides travel solutions to travel agents and tour operators, offering services such as white-label solutions and hotel and flight booking APIs. With this successful IPO, TBO Tek joins other travel companies like MakeMyTrip and Yatra in the public market.

Related News

After Canary Island, TBO Tek Sets Up New Subsidiary In Australia

Inc42 · 10m ago

After Canary Island, TBO Tek Sets Up New Subsidiary In Australia

- TBO Tek creates subsidiary TBO Tek Australia for expanding in the Australian travel industry - TBO Tek Australia to offer business support services including marketing and promotion - Subsidiary formed to enhance TBO Tek's global reach and service offerings - TBO Tek Australia to act as a support system for the holding company - Step-down subsidiary created as part of TBO Tek's strategic growth plan - Aim is to strengthen presence in the Australian market and cater to local travel industry needs

Ola Electric Zooms On The Bourses Amid A Mixed Week For New-Age Tech Stocks

Inc42 · 1y ago

Ola Electric Zooms On The Bourses Amid A Mixed Week For New-Age Tech Stocks

Ola Electric saw a significant increase in its shares by 45.59% after reporting its Q1 numbers and launching electric bikes. Meanwhile, TBO Tek faced a decline of 9.23% in its shares. Unicommerce and FirstCry made their market debuts, both with a premium to their issue price.

Nephro Care makes a stellar debut on NSE SME, lists at 90% premium against issue price

Money Control

Money Control · 1y ago

Nephro Care makes a stellar debut on NSE SME, lists at 90% premium against issue price

Shares of Nephro Care India made a strong debut on the NSE SME, listing at Rs 171 per share with a premium of 90% over the issue price of Rs 90. This is the first SME IPO to make a debut after NSE imposed a 90% cap on SME stocks. The IPO garnered bids worth over Rs 20,000 crore, which is the highest ever for a SME IPO. The company plans to use the proceeds for setting up a multi-specialty hospital and for general corporate expenses.

TBO acquires Jumbo Tours' online biz, expanding European footprint

Livemint

Livemint · 1y ago

TBO acquires Jumbo Tours' online biz, expanding European footprint

Travel platform TBO Tek Ltd has acquired the online business of Spain's Jumbo Tours Group for €25 million. The deal will help TBO expand its international reach and gain access to Jumbo's extensive client network and premium content in Europe and the Caribbean. TBO aims to simplify and enhance the travel ecosystem and is actively seeking partnerships for global growth.

Mixed Week For New-Age Tech Stocks; PB Fintech Top Gainer

Inc42 · 1y ago

Mixed Week For New-Age Tech Stocks; PB Fintech Top Gainer

This week, the Indian stock market showed signs of recovery with benchmark indices Sensex and Nifty50 gaining 1.85% and 2.03% respectively. Among the new-age tech stocks, PB Fintech emerged as the top gainer with a 13.3% increase in shares, while Mamaearth recorded the biggest loss with a 5.2% drop. Zomato and Delhivery reported their Q4 performance, with Zomato's shares falling by 3.4% and Delhivery slipping into a loss of INR 69 crore. Additionally, travel portal TBO Tek made a strong debut in the market. Two more startups are expected to be listed this month, including Go Digit General Insurance and Awfis.

TBO Tek Gets GST Demand Notice Of INR 89 Lakh

Inc42 · 1y ago

TBO Tek Gets GST Demand Notice Of INR 89 Lakh

TBO Tek, a company in Gurugram, has received a show cause notice from SGST for tax discrepancies amounting to INR 89.12 lakh in the fiscal year 2017-18. In an exchange filing, the company disclosed the notice and stated it must pay the differential tax, along with interest and penalties. Despite this issue, TBO Tek had a strong financial performance in the fiscal year 2024, with a 31% increase in revenue to INR 1,393 crore and a 35% rise in profit to INR 201 crore.

TBO Tek’s INR 1,551 Cr IPO To Open On May 8

Inc42 · 1y ago

TBO Tek’s INR 1,551 Cr IPO To Open On May 8

TBO Tek, a B2B travel portal, has set the price band for its initial public offering (IPO) at INR 875 to INR 920 per equity share. The IPO, which opens on May 8 and closes on May 10, is expected to raise INR 1,551 Cr. The company plans to use the funds for growth, strengthening its platform, investment in technology and data solutions, marketing and promotional activities, and general corporate purposes. TBO Tek offers travel solutions to travel agents and tour operators, connecting over 1.59 Lakh buyers across 100 countries with more than 1 Mn suppliers.

Digit IPO Closes With 9.6X Subscription, QIBs Place Maximum Bids

Inc42 · 1y ago

Digit IPO Closes With 9.6X Subscription, QIBs Place Maximum Bids

Digit's public offering was oversubscribed 9.6 times, with retail individual investors subscribing 4.27 times, qualified institutional buyers 12.56 times, and non-institutional investors 7.25 times. The company plans to raise INR 2,614.6 Cr through the public offer, with the shares to be listed on the BSE and NSE. The funds raised will be used to maintain the company's solvency ratio. Digit joins other tech startups like TBO Tek, TAC Infosec, and Trust Fintech in listing on the stock market, while Awfis' IPO will open soon and other startups are awaiting SEBI approval for their IPOs.

Travel Boutique Online’s PAT crosses Rs 200 Cr in FY24

Entrackr

Entrackr · 1y ago

Travel Boutique Online’s PAT crosses Rs 200 Cr in FY24

Online B2B travel distribution platform Travel Boutique Online (TBO) demonstrated a decent 30.8% Y-O-Y growth during the fiscal year ended March 2024. At the same time, the profits (PAT) of the company spiked with the same pace and surpassed Rs 200 crore in the same period. Travel Boutique’s revenue from operations grew to Rs 1,393 crore in FY24 from Rs 1,065 crore in FY23, its consolidated financial statements accessed from the National Stock Exchange (NSE) show. TBO Tek TBO is a travel distribution platform that extends white-label solutions to travel agents and tour operators. By facilitating air travel, hotel bookings, and tour packages, the platform makes money on commissions on these services. The commission from hotels and packages formed a significant 72.8% of the total operating revenue which increased 40.4% to Rs 1,014 crore during FY24. Commission from air ticketing contributed Rs 347 crore to its operating income. For the B2B travel distribution platform, the cost of providing services for air ticketing, hotels, and packages accounted for 40% of the overall expenditure. This cost grew 41.9% to Rs 471 crore in FY24. Travel Boutique’s spending on employee benefits grew by 21.5% in FY24. Its legal, professional, advertising, technology, and other overheads took the overall expenditure up by 29.2% to Rs 1,181 crore in FY24. Head to TheKredible for the complete expense breakup. The controlled cost mechanism increased Travel Boutique’s profit by 35.8% to Rs 201 crore in FY24 from Rs 148 crore. Its ROCE and EBITDA margins stood at 31% and 19.9% respectively. On a unit level, it spent Rs 0.85 to earn a rupee in FY24. FY23-FY24 FY23 FY24 EBITDA Margin 19% 19.9% Expense/₹ of Op Revenue ₹0.86 ₹0.85 ROCE 43% 31% TBO Tek was listed on the stock exchange on 15th May 2024. Currently, the share price of the firm stands at Rs 1,410.3 (as of 31st May 2025) with a total market cap of Rs 15,314 crore.

IPO-Bound TBO Tek Raises INR 696 Cr From 47 Anchor Investors

Inc42 · 1y ago

IPO-Bound TBO Tek Raises INR 696 Cr From 47 Anchor Investors

Travel Boutique Online (TBO Tek), a B2B travel portal, has raised INR 696.5 Cr ($93.7 million) from 47 anchor investors ahead of its public listing. The company has allocated 45.7 million shares to these investors at an anchor investor allocation price of INR 920 per share. The anchor round saw participation from Abu Dhabi Investment Authority (ADIA), Government Pension Fund of Norway, ICICI Prudential Mutual Fund, and other notable investors. TBO Tek aims to raise around INR 1,551 Cr ($208.4 million) through its IPO which opens on May 8. The funds raised will be used for growth, technology enhancement, and other purposes.

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