TBO Tek IPO last bidding day today: Check out key things to know from RHP before investing

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₹875 to ₹920 per equity share with a face value of Re 1 has been set for the issue. 16 equity shares make up each lot in the IPO, and afterward, there will be multiples of 16 equity shares. Also Read: TBO Tek IPO day 3: GMP, subscription status to review.

Should you apply? TBO Tek IPO, which is worth ₹1,550.81 crore, comprises a fresh issue of ₹400 crore, and an offer-for-sale (OFS) of up to 12,508,797 equity shares of face value of Re 1 each by the promoters and other investors. The company plans to use the net proceeds from the offering to fund its objectives of: growing the base of suppliers and buyers; enhancing the value of our platform by introducing new business lines; achieving inorganic growth through strategic acquisitions and forming alliances with our current platform; and utilising acquired data to provide our suppliers and buyers with customised travel options. Here are key things from the Red Herring Prospectus (RHP) that investors might want to know before subscribing to the issue.

Also Read: TBO Tek IPO continues to see strong demand from retail, NIIs on day 2; issue booked 4.15 times. Check GMP As of the Red Herring Prospectus date, the promoters of the company are Ankush Nijhawan, Gaurav Bhatnagar, Manish Dhingra, Arjun Nijhawan, and LAP Travel Private Limited. Together, they hold 53,433,326 equity shares, or 51.26% of the issued, subscribed, and paid-up equity share capital of the business.

According to the Red Herring Prospectus for the company's IPO, corporate promoters own 51.26 percent of TBO Tek, while public shareholders hold 46.43 percent of this online travel distributor. Augusta TBO is the company's largest public shareholder, owning 19.53 percent of the shares. 15,635,994 company shares, or