#NSE0019– TBO Tek appears to be a major player in the global travel distribution market, facilitating an extensive network of connections between travel agencies, tour operators, and travel suppliers. With its reach in over 100 countries and connections to over 1 million travel suppliers, TBO Tek enables access to a wide range of travel products and services across more than 8000 destinations.
By integrating with over 60 hotel suppliers, TBO offers a diverse and extensive selection of accommodation options. This vast network allows travel agents to book a wide array of hotels ranging from budget to luxury accommodations, tailored to the needs of their clients. TBO provides more than 2000 white label and API customers worldwide. This technology enables travel agents and tour operators to use TBO’s booking engine technology under their own brand name, allowing them to offer a seamless booking experience to their customers without investing heavily in their own system development.
It looks like TBO Tek has a diverse and expansive range of operations, partnering with and offering services through several prominent subsidiaries and platforms. Each of these entities provides unique travel-related solutions to a distinct segment of the market. Here’s a closer look at each:
Jumboline, Spain
Covers over 120,000 hotels in Europe, the Caribbean, and North Africa, providing a broad range of choices for users.
Bookabed, Ireland
As Ireland’s largest travel distribution platform, Bookabed provides robust solutions to the travel industry, facilitating the booking of accommodations and possibly other travel services.
Zamzam.com
Positioned as the world’s first and one of the largest providers of online Umrah and Haz (Hajj) travel services.
Kizan Tours, Saudi Arabia
One of the largest tourism groups in Saudi Arabia, likely offering a comprehensive suite of travel services within the region.
Paxes
A SaaS-based platform designed for corporates to manage business travel globally.
- Self-Booking Automation: Allows employees to book their own travel within corporate policies, enhancing efficiency.
- TPS and HRMS Integration: Integrates with Travel Policy Systems (TPS) and Human Resource Management Systems (HRMS) for streamlined operations.
- Expense Management System Integration: Facilitates tracking and managing travel expenses, crucial for budget control in corporate settings.
- GDS Integration: Connects with Global Distribution Systems for access to a wide range of travel products and services.
Clientele
The diverse and high-profile clientele, including AB Group, Hitachi, Yamaha, Decathlon, and Sula Vineyards, speaks to the robustness and reliability of the TBO Tek platforms and solutions. These clients, coming from various industries, demonstrate the broad applicability and adaptability of TBO Tek’s offerings.
Overview of TBO Tek Limited IPO
- Opening/Closing Date: The IPO is set to open on 8th May 2024 and close on 10th May 2024.
- Allotment Date: Scheduled for 13th May 2024.
- Refund Date: Refunds will be processed by 14th May 2024.
- Listing Date: The shares are expected to be listed on 15th May 2024.
- Issue Size: ₹1551 Crore, split between a fresh issue of ₹400 Crore and an offer for sale (OFS) of ₹1151 Crore.
- Face Value: ₹1 per share.
- Registrar: Kfin Tech.
- Listing At: The shares will be listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
- Price Band: The price range for the IPO is set between ₹875 and ₹920.
- Lot Size: Investors can buy shares in lots of 16.
- Retail Quota: 10% of the issue is reserved for retail investors.
Valuation and Market Considerations
- Market Capitalization Post-Issue: Approximately ₹9990 Crore.
- Price-Earnings (P/E) Ratio:
- FY23: 67.3×, indicating how much investors are paying for each rupee of earnings.
- FY24 (TTM Basis): 48.7×, a decrease from FY23, reflecting higher earnings relative to the share price.
Disclaimer-
It’s important to note that discussions like are for informational purposes only and should not be taken as specific We are not SEBI registered investment advisor. Whether analyzing a company’s financial health, examining market trends, or discussing technical chart patterns, the goal is to provide insights and perspectives that can help you make more informed decisions according to your own research and investment strategy. Always consider consulting with a financial advisor or conducting thorough personal research before making any investment decisions.
