TBO Tek Limited, a leading travel distribution platform, has completed its public listing on the National Stock Exchange of India Limited (NSE) and the BSE Limited (BSE) and has an eye on expanding in APAC.
Locally, TBO is known for its B2A strategy, an acronym for Business to Travel Agents, a first-of-its-kind strategy in the region aimed at empowering agents to maximise earnings by catering to travellers seeking customised, hassle-free and convenience-oriented tourism services.
The company raised approximately US$186 million ($280m) from an Initial Public Offer. The issue received an overwhelming response across all categories of investors, being oversubscribed 86.70 times overall. The Qualified Institutional Buyers (QIB) portion was…