TBO Tek Ltd Share Price

(TBOTEK)

TBO Tek Limited was incorporated as Tek Travels Private Limited on November 6 2006 at New Delhi. The Company name changed to TBO Tek Private Limited on October 22 2021. Thereafter it got converted into a Public Company and the name of the Company changed to TBO Tek Limited vide a fresh Certificate of Incorporation on November 3 2021 by RoC.The Company is one of the leading global travel distribution platforms. The Company simplify business of travel for Suppliers and Buyers such as hotels airlines car rentals transfers cruises insurance rail and others and buyers that includes retail buyers such as travel agencies and independent travel advisors and enterprise buyers including tour operators travel management companies online travel companies superapps and loyalty apps through twosided technology platform that enables Suppliers and Buyers to transact seamlessly with each other. The Company classify Buyers into two broad categories Retail Buyers are typically small businesses such as travel agencies or travel advisors operating independently. They use retail selling platform to search book and pay for global travel supply. On the other hand Enterprise Buyers comprise of large travel businesses such as tour operators travel management companies and online travel agencies as well as digital native businesses such as ecommerce portals and super apps. Enterprise buyers usually use XML or JSON APIs to transact through their platform.The Company operate a unified platform to book holiday packages for various destinations in realtime. Each component of the travel package can be customized according to the need of customer and are booked instantly. It offer realtime package prices with availability and selection of various hotels and sightseeing options. Buyers are able to get instant confirmation of the package booked. Buyers are also able to create their own marketing material to distribute further to their customer base. The mid2000s saw the birth of Indias three leading lowcost carriers. Within a span of less than two years Spicejet Go Air and Indigo airlines launched their operations which led to an unprecedented aviation boom in the domestic aviation market. In 2006 the Company conceptualized the TBO platform as a a technology tool to simplify the process for travel agents o book airline tickets across multiple airlines. In 2007 the Company issued its first ticket on the portal In 2012 MIH India Holdings Limited Naspers acquired stake in the Company In 2021 the platform processed a transaction approximately every three seconds. The Company had acquired travel business including intellectual property goodwill insurance policies etc. from Gemini Tours and Travels. In 2021 the Company launched Zamzam an online portal for completing the full process of Umrah booking launched a softwareasasolution based platform Paxes for corporates and TMCs to manage business travel globally. The Company in 2021 launched RailEurope and TBO Marine business in 2022 it launched DMC brand Kizan in Saudi Arabia to focus on travel destination. General Atlantic acquired a minority stake in the Company in 2023. The Company raised money from public through IPO aggregating the issuance of 16856623 Equity Shares aggregating Rs 1550.8 Crore comprising a Fresh Issue of 4347826 Equity Shares aggregating to Rs 400 Crore and 12508797 Equity Shares aggregating to Rs 1150.8 Crore through Offer for Sale in May 2024..

Revenue: ₹418.46Cr as on June 2024 (Q2 24)
Net Profit: ₹60.92Cr as on June 2024 (Q2 24)
Listing date: 15 May, 2024