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TBO Tek files draft red herring prospectus with Sebi
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TBO Tek, a leading travel distribution platform, has filed its draft red herring prospectus with Sebi for an IPO consisting of a fresh issue of ₹400-crore and an offer for sale of up to 15.6 lakh shares.
Funds will be allocated towards fuelling growth, expanding the network of buyers and suppliers and undertaking acquisitions, according to offer documents.
Axis Capital, Goldman Sachs (India) Securities, Jefferies India, and JM Financial are the bankers for the IPO.
Before this, the company had filed draft papers with Sebi in December 2021 to float ₹2,100 crore initial share-sale.
However, the company didn't launch the IPO.
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