TBO TEK IPO - Investment Rationale, Issue Details, Financials, Key Risks And More: Motilal Oswal

"NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.TBO Tek Ltd. launched its initial public offering today and the issue will close for subscription on May 10. The travel distribution platform has fixed the price band in the range of Rs 875-920. The minimum lot size for an application is 16 shares..The IPO comprises of Rs 15.5 billion IPO consists of fresh issue of Rs 4 billion and offer-for-sale of Rs 11.5 billion by promoters and investor selling shareholder. The proceeds from the fresh issue will be used for growth and strengthening of the platform by adding new buyers/suppliers, inorganic aquisition and general corporate purpose. The market cap post listing would stand at Rs 99.9 billion.The IPO comprises of a fresh issue of equity shares, aggregating Rs 400 crore, and an offer-for-sale of up to 1.25 crore equity shares..TBO Tek is a one-stop shop for global travel supply. Its global foot print, high buyer rentention and strong operating leverage make them a unique play. The IPO is valued at 46.4 times 9MFY24 price/earning (on an annualized and diluted basis). TBO Tek is well positioned to capitalise on industry tailwinds and gain market share though business diversification and strategic acquisition. We recommend Subscribe to the IPO. Investors could see listing gains as well due to the market fancy for such high-growth niche business..Click on the attachment to read the full report:.TBO Tek IPO: All You Need To Know .DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

TBO TEK IPO - Investment Rationale, Issue Details, Financials, Key Risks And More: Motilal Oswal

TBO Tek launched its initial public offering today and the issue will close for subscription on May 10, and has fixed price band in the range of Rs 875-920

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TBO TEK IPO - Investment Rationale, Issue Details, Financials, Key Risks And More: Motilal Oswal

TBO Tek launched its initial public offering today and the issue will close for subscription on May 10, and has fixed price band in the range of Rs 875-920

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