About the Company:
Founded in 2006 under the name Tek Travels Private Limited, TBO Tek Limited has established itself as a leader in simplifying the complexities of the travel industry. Through continuous evolution, it has transformed into a dynamic travel distribution platform, facilitating seamless connections between various suppliers - including hotels, airlines, car rentals, transfers, cruises, insurance, and rail companies - and a diverse range of buyers, spanning from travel agencies to corporate entities.
Platform Dynamics:
At the core of TBO Tek's success lies its two-sided technology platform. For suppliers, it serves as a channel to showcase inventory, set competitive prices, and effectively market offerings. Conversely, buyers benefit from a user-friendly interface, featuring multi-currency and multi-lingual support, along with an extensive array of travel options catering to leisure, business, and religious segments. This integration enhances the travel booking experience, providing a streamlined, comprehensive solution.
IPO Objectives:
As TBO Tek Limited prepares for its IPO, its objectives underscore a commitment to expansion, innovation, and value creation:
Expansion of Supplier and Buyer Base: IPO proceeds will fuel the expansion of TBO Tek's ecosystem, broadening its reach and diversifying its offerings.
Value Enhancement through Diversification: By venturing into new lines of business, the company aims to enhance the value proposition of its platform, addressing evolving market needs.
Inorganic Growth and Synergies: TBO Tek intends to utilize IPO funds for strategic acquisitions, leveraging synergies with existing operations to strengthen its market presence.
Data-Driven Solutions: Leveraging data analytics, TBO Tek aims to deliver customized travel solutions, catering to the unique preferences of both buyers and suppliers.
Summary of Financial Information:
| Period Ended | 31-Dec-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|---|
| Assets | 3,754.05 | 2,557.93 | 1,271.43 | 576.16 |
| Revenue | 1,039.56 | 1,085.77 | 511.93 | 176.55 |
| Profit After Tax | 154.18 | 148.49 | 33.72 | -34.14 |
| Net Worth | 501.21 | 337.19 | 231.9 | 204.07 |
| Reserves and Surplus | 478.43 | 317.57 | 214.08 | 197.58 |
| Total Borrowing | 2.93 | 6.36 | 2.69 |
- As of 31st Dec, 2023 company's ROE stands at 30.76% and P/BV is 18.66 x.
- As of 31st Mar, 2023 P/E stands 64.58 which is expected to reach 48.6 after listing of the company.
No Listed Peers:
The company asserts that there are no other listed peers, either in India or globally, that operate similarly. Its unique business model affords it a near-monopoly in its industry.
Key Details of TBO Tek Limited IPO:
- IPO Dates: 8th to 10th May, 2024
- Price Band: Rs. 875 to Rs. 920 per share
- Lot Size: 16 Shares
- Total Issue Size: Rs. 1,550.81 Crores (Fresh Issue: Rs. 400 Cr)
- Listing Date: 15 May, 2024
- Retail Quota: 10%
- GMP: Rs. 520 (Only for informational purposes)
Note: For additional information & risk factors please refer to the Red Herring Prospectus
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Disclaimer: We are not SEBI registered. All the views are personal and only for educational purposes. Do your due diligence before making any trading or investing decisions. The data provided in this blog post is for illustrative purposes only and does not constitute financial advice. Always consult with a qualified financial advisor before making investment decisions.
