TBO Tek IPO review: Should you apply? Check Anil Singhvi's view

TBO Tek IPO review, TBO Tek IPO apply or not: Travel distribution platform TBO Tek's initial public offering (IPO) worth Rs 1,550 crore opened for subscription on Wednesday, May 8. The IPO will conclude on May 10. 

TBO Tek IPO review: Should you apply? Here's what Anil Singhvi suggests

Zee Business Managing Editor Anil Singhvi on Wednesday recommended investors to apply in TBO Tek IPO for big listing gain. Singhvi said that investors must keep the long-term objective in this offer. The market guru listed the following positives and negatives:

TBO Tek IPO: Positives

• Well-qualified, experienced, professional management
• Niche business model
• Extraordinary financial records for the last 3 years
• Attractive valuation

TBO Tek IPO: Negatives

• Dependency on Hotel Business
• Maintaining a growth record in the future will be challenging

| आज से खुलेगा TBO Tek का IPO, प्राइस बैंड: ₹875-920

TBO Tek IPO में पैसे लगाएं या नहीं?

TBO Tek कंपनी में क्या है खास?

जानिए TBO Tek IPO पर @AnilSinghvi_ की राय#TBOTekIPO #StockMarket #investment #AnilSinghvi pic.twitter.com/SQIvt97neY

— Zee Business (@ZeeBusiness) May 8, 2024

TBO Tek IPO subscription status

According to provisional exchange data, TBO Tek IPO's share sale received bids for 31,79,57,200 shares against 92,85,816 shares on offer, translating into a subscription of 3424 per cent on Thursday. 

Here are some of the key details about TBO Tek IPO:

TBO Tek IPO price band

The price band of the issue is fixed at Rs 875-920 per share.

TBO Tek IPO lot size

Bids can be made for a minimum of 16 equity shares and in multiples of 16 equity shares thereafter, the company said.

TBO Tek IPO allotment date

Tentatively, the basis of the allotment of shares will be finalised on Monday, May 13. Read more on TBO Tek IPO 

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