TBO Tek Limited IPO
TBO Tek Limited was a mainboard IPO in the Tour Travel Related Services sector, offered at ₹875–₹920 per share to raise ₹1,551 crore. The issue was subscribed 86.7× overall (QIBs 125.51×, NIIs 50.6×, retail 25.74×). It listed on 15 May 2024 at ₹1,426 and closed its first day at ₹1,406, a listing gain of +52.9% versus the ₹920 issue price. It now trades around ₹1,532 (+66.5% versus the issue price).
Frequently asked questions
- How many times was the TBO Tek Limited IPO subscribed?
- The TBO Tek Limited IPO was subscribed 86.7× overall — 125.51× in the QIB category, 50.6× among non-institutional investors, 25.74× in retail.
- What were the TBO Tek Limited IPO listing gains?
- TBO Tek Limited listed on 15 May 2024 at ₹1,426, closing its first day at ₹1,406 — a listing gain of +52.9% versus the ₹920 issue price.
- What were the retail allotment odds for the TBO Tek Limited IPO?
- Retail was subscribed 25.74×, so a single-lot application had roughly a 3.9% chance of allotment (about 1 in 26), and allotment was finalised on 13 May 2024.
- What was the price band and lot size of the TBO Tek Limited IPO?
- The price band was ₹875–₹920 per share, with a minimum lot of 16 shares (₹14,720 at the upper band).
- Who were the registrar and lead manager for the TBO Tek Limited IPO?
- KFin Technologies Limited (formerly known as KFin Technologies Private Limited) was the registrar, and Axis Capital was the book-running lead manager.