TBO Tek IPO 2024 allotment status: The travel distribution company TBO Tek just concluded its initial public offering (IPO), to the overwhelming delight of its investors. The period for subscriptions was from May 8 to May 10. Investors are waiting for the announcement of the allotment results on May 13 with great anticipation. On May 15, the company’s shares are anticipated to go public.
Here’s how the allotment process will work
On May 14, TBO Tek will transfer the shares to the Demat accounts of the selected applicants. On the same day, those who were not allotted shares would get their money back. Investors can follow a set of instructions on the Kfin Technologies or BSE websites to verify the allocation status.
How to check progress of TBO Tek IPO allocation on BSE website
- Go to https://www.bseindia.com/investors/appli_check.aspx to access the BSE website.
- Under “Issue Type,” choose “Equity.”
- From the drop-down selection under “Issue Name,” choose “TBO Tek Limited.”
- The PAN information or the application number
- Click “Search.”
- After that you will see your TBO Tek IPO allotment status on your screen.
How to Check TBO Tek IPO Allotment Status on Kfin Technologies
- Go to the Kfin Technologies website at this link: https://kosmic.kfintech.com/ipostatus/.
- Select ‘TBO Tek Limited’ from the Select IPO dropdown box.
- Choose from the options provided – Application No., Demat Account, and PAN.
- Enter the details based on the choice selected.
- Enter the captcha and click ‘Submit’.
- Your TBO Tek IPO share allotment status will appear on the screen.
Read More: Go Digit IPO to open next week; here’s what GMP signals ahead of subscription
TBO Tek IPO Subscription status
The IPO was a hit, with subscriptions reaching 86.69 times the number of shares offered. The breakdown of interest across different investor categories was as follows: retail investors subscribed 25.72 times, qualified institutional buyers 125.51 times, and non-institutional investors 50.60 times.
TBO Tek IPO GMP
In the grey market, TBO Tek IPO is fetching a high price. Market watchers estimate that the TBO Tek IPO GMP, or grey market premium, is Rs 510 per share today. This shows that TBO Tek shares are selling in the grey market for Rs 1430 apiece, which is 55.43% more than their issue price of Rs 920 per share.
Read More: Indegene IPO shares to debut tomorrow. Here’s what GMP indicates
TBO Tek IPO Details
The IPO consisted of a fresh issue of shares and an offer for sale, aiming to raise Rs 1,550.81 crore. The price range for the IPO was set between Rs 875 and Rs 920 per share.
TBO Tek IPO fund managers
The IPO was managed by Axis Capital, Jefferies India, Goldman Sachs (India) Securities, and Jm Financial, with Kfin Technologies handling the registration process.
