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, which closes on May 10, includes fresh equity of Rs 400 crore and an offer for sale (OFS) 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 IPO | The public issue comprises a fresh issuance of Rs 400 crore worth shares by the company and an offer-for-sale of 1,25,08,797 equity shares by promoters and investors.