
Travel & Tourism / Services · NSE / BSE
Tek Travels Private Limited, established on November 6, 2006, is a leading name in the global travel and tourism industry. As per the 1Lattice Report, it ranked highest in Gross Transaction Volume (GTV) and revenue for Fiscal 2023, operating in over 100 countries. With 2,000 employees as of December 2023, the company simplifies travel for both Suppliers (hotels, airlines) and Buyers (travel agencies, online platforms). Its advanced platform allows Suppliers to list inventory and set prices while providing Buyers with a seamless, multi-currency, multi-language booking experience. Tek Travels follows revenue models like the B2B Rate Model and Commission Model, ensuring profitable partnerships for all.
Price Band
₹875 – ₹920
Issue Size
₹1551 Cr
Lot Size
16 shares
GMP
+32.6%
Est. Listing
₹1220
at current GMP
Subscribed
86.68x
overall
Open
8 May 2024
Close
10 May 2024
Allotment
13 May 2024
Refund
14 May 2024
Demat Credit
15 May 2024
Listing
15 May 2024
Designated Registrar: Kfin Technologies Limited
Allotment Date
13 May 2024
Basis finalization
Refunds Initiate
14 May 2024
Mandate release
Demat Credit
15 May 2024
Shares in demat
Listing Debut
15 May 2024
Trading begins
TBO Tek Limited is bringing an initial public offering (IPO) in the Travel & Tourism / Services sector with an aggregate issue size of ₹1,550.81 Crores. The shares are offered at a price band of ₹875 to ₹920 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2024-05-10, the basis of allotment is scheduled to be finalized on 2024-05-13. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.