TBO Tek, a startup in the B2B global travel distribution sector, will debut on the stock market with its Initial Public Offering (IPO). With an established reputation for connecting buyers and suppliers worldwide, TBO Tek’s IPO is set to hit the market on May 8, 2024.
Key Factors To Know Before Subscription
The TBO Tek IPO, valued at Rs 1,550.81 crore, combines a fresh issuance of 43 lakh shares worth Rs 400 crore and an offer-for-sale (OFS) of 1.25 crore shares totaling Rs 1,150.81 crore. Following the IPO, the promoter stake will decrease from 51% to 44%. The price band for the IPO has been set between Rs 875 to Rs 920 per equity share.
TBO Tek’s IPO, approved by the Securities and Exchange Board of India (SEBI), comprises a fresh issue of shares totaling up to Rs 400 crores and an offer for sale (OFS) component of 1.25 crore equity shares. The IPO opens for subscription on May 8 and closes on May 10, with an anchor…