The Securities and Exchange Board of India (SEBI) has given
TBO Tek Limited (TBO) the go-ahead for its initial public offering.
The B2B travel distribution company connects buyers and
suppliers across 100 countries with products including air, hotel, rail, car
rental, cruise, packages and more.
The company will open its IPO Wednesday through Friday and plans to begin trading on May 15.
Based on the price range outlined in its prospectus, TBO is
hoping to generate about $180 million from the IPO.
Subscribe to our newsletter below
The company said it will use the proceeds to invest in its
technology and data solutions, to add new buyers and suppliers and to pursue
acquisitions.
Founded in 2006 by Gaurav Bhatnagar and Ankush Nijhawan, TBO provides access to content from more
than 750 airlines and more than a million hotels. Its platform supports
payments in 55…