TBO Tek IPO opens today: GMP, review, other details of General Atlantic-backed public issue. Apply or not?
TBO Tek IPO opens today: General Atlantic-backed initial public offering (IPO) of TBO Tek Limited has hit the Indian primary market today. The public issue worth ₹1,550.81 crore will remain open till 10th May 2024. This means that mainboard IPO will remain open from Wednesday to Friday this week.
The company has fixed TBO Tek IPO price band at ₹875 to ₹920 per equity share. The book build issue is a mix of fresh shares and OFS (Offer For Sale). The company aims to raise ₹400 crore from fresh shares while the rest ₹1,150.81 crore is reserved for the OFS route.
The mainboard IPO is proposed for listing on BSE and NSE. Shares of TBO Tek are available in the grey market as well. According to stock market observers, TBO Tek share price is quoting at a premium of ₹529 in the grey market today.
1] TBO Tek IPO GMP: Shares of the company are available at a premium of ₹529 per share in the grey market today, say market observers. 2] TBO Tek IPO price: The company has fixed price band of the General Atlantic-backed public issue at ₹875 to ₹920 apiece. 3] TBO Tek IPO date: The book build issue has opened today and will remain open till 10th May 2024.
4] TBO Tek IPO size: The company aims to raise ₹1,550.81 crore from this public offer, which is a mix of fresh shares and OFS. 5] TBO Tek IPO lot size: A bidder will be able to apply in lots and one lot of the book build issue comprises 16 shares. 6] TBO Tek IPO allotment date: Finalization of share allocation is most likely on 13th May 2024 i.e.
on Monday next week. 7] TBO Tek IPO registrar: KFin Technologies has been appointed as official registrar of the book build issue. 8] TBO Tek IPO listing: The public issue is proposed for listing on BSE and NSE.
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