{"id":11395,"date":"2021-12-26T14:40:56","date_gmt":"2021-12-26T09:10:56","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-ipo-tbo-tek\/"},"modified":"2021-12-27T09:58:37","modified_gmt":"2021-12-27T04:28:37","slug":"biz-ipo-tbo-tek","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-ipo-tbo-tek\/","title":{"rendered":"TBO Tek files papers to raise Rs 2,100-cr via IPO"},"content":{"rendered":"

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New Delhi, Dec 26 (PTI)\u00a0Travel services provider TBO Tek Ltd has filed preliminary prospectus with capital markets regulator Sebi to raise Rs 2,100 crore through an initial public offering (IPO). \u00a0 \u00a0 \u00a0 \t The public issue comprises\u00a0fresh issue of equity shares\u00a0of up to Rs 900 crore and an offer for sale worth up to Rs 1,200 crore by promoters and existing investors, according to the draft red herring prospectus (DRHP). \u00a0 \u00a0 \u00a0 \t Also, the company may consider a pre-IPO placement aggregating to Rs 180 crore. If such placement is completed, the fresh issue size will be reduced. \u00a0 \u00a0 \u00a0 \t The company proposes to utilise net proceeds from fresh issue towards growth and strengthening of its platform by adding new buyers and suppliers and strategic acquisitions and investments towards inorganic growth and for general corporate purpose. \u00a0 \u00a0 \t TBO Tek is a new age travel distribution company that provides the entire global travel inventory under one roof with very limited or no additional effort for buyers and suppliers.\u00a0 \u00a0 \u00a0 \u00a0 \t Axis Capital, Credit Suisse Securities (India) ,\u00a0Jefferies India and\u00a0JM Financial are the book running lead managers to the issue. The equity shares of the company will be listed on the BSE and NSE. PTI SP \t \t ANU ANU<\/p>

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