TBO Tek IPO listing tomorrow: Here's what GMP, subscription status hint ahead of listing

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demat accounts will take place today, Tuesday, May 14. The process of refunding those who have not yet received their shares will likewise be completed today. TBO Tek IPO registrar is Kfin Technologies Ltd.

TBO Tek's initial public offering was subscribed 86.70 times on Friday, the last day of subscriptions, as per NSE data. The component for qualified institutional buyers (QIBs) was subscribed to 125.51 times, while the category for non-institutional investors garnered 50.60 times the subscriptions. The retail individual investors (RIIs) segment was subscribed 25.74 times.

Also Read: TBO Tek IPO allotment finalised; latest GMP, step-by-step guide to check status The issue's price band has been set between ₹875 and ₹920 per equity share, with a face value of Re 1. Each lot in the IPO consists of 16 equity shares, and multiples of 16 equity shares will be issued thereafter. The IPO set aside 75% of the net offer for QIBs, 15% for NIIs, and 10% for retail investors.

Employees have reserved equity shares worth up to ₹3 crore. The firm simplifies the travel sector for providers such as hotels, airlines, car rentals, transfers, cruises, insurance, train companies, and others. Retail clients include travel agencies and independent travel advisors, as well as corporate customers such as tour operators, travel management businesses, internet travel companies, super apps, and loyalty apps.