TBO Tek will bring 2,100 crore IPO, documents filed with SEBI
According to DRHP, fresh shares up to Rs 900 crore will be issued under this IPO of TBO Tek.
TBO Tek IPO: Travel services provider company TBO Tek Ltd is going to bring its IPO. The company has filed a draft paper with the market regulator SEBI for this. The company wants to raise Rs 2,100 crore through this IPO. Apart from this, the company may also consider a pre-IPO placement of Rs 180 crore. If such placement is completed, the size of the new issue will be reduced.
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Fund will be used here
According to the Red Herring Prospectus (DRHP), fresh shares of up to Rs 900 crore will be issued under the issue. At the same time, shares up to Rs 1,200 crore will be sold by the promoters and existing investors of the company under the offer for sale (OFS). Under the IPO, the funds from the fresh issue will be used on the company’s platform by connecting new buyers and suppliers. for its development and strengthening. In addition, the fund will also be used for strategic acquisitions and investments for general corporate purposes.
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Know about the company
TBO Tek is a new age travel distribution company. It provides buyers and suppliers with a complete global travel inventory under one roof. Axis Capital, Credit Suisse Securities (India), Jefferies India and JM Financial are the book running lead managers of the issue. The equity shares of the company will be listed on BSE and NSE.
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