The price band for the TBO Tek IPO is set at ₹875 to ₹920 per equity share. The company plans to raise ₹1,550.81 crore through an initial public offering (IPO). It is one of the leading travel distribution platforms in the global travel and tourism industry.
TBO Tek IPO includes fresh equity of Rs 400 crore and an offer for sale of up to 1.25 crore shares. Under the OFS, promoters Gaurav Bhatnagar, Manish Dhingra, LAP Travel, and other selling shareholders TBO Korea, Augusta TBO will offload the shares.
TBO Tek, a prominent travel distribution platform, has obtained approval from Sebi to raise funds through an IPO. The offering comprises fresh equity worth Rs 400 crore and an offer for sale of up to 1.56 crore shares.