TBO Tek Limited, one of the leading travel distribution platforms in the global travel and tourism industry providing services to buyers and suppliers in over 100 countries (as of June 30, 2023) with a comprehensive travel inventory, filed Offer Document with SEBI for an IPO proposing to raise funds through issue of equity share of face value ? 1 each comprising of fresh issue of equity shares aggregating up to Rs. 400 Crore (“The Fresh Issue”) and an offer for sale of up to 15,635,996 Equity Shares (“The Offer for Sale”).
TBO proposes to utilize the Net Proceeds from the Fresh Issue towards Growth and strengthening of the platform by adding new Buyers and Suppliers, Unidentified inorganic acquisitions and general corporate purposes.
TBO platform connects over 147,000 Buyers across more than 100 countries with over one million Suppliers, as of June 30, 2023. TBO offers 7,500 plus destinations and facilitates 33,000 bookings per day through their platform. TBO supports a wide range of currencies (55+) along with forex assistances. (Source: 1Lattice Report).
TBO simplifies the business of travel for suppliers such as hotels, airlines, car rentals, transfers, cruises, insurance, rail and others (collectively, “Suppliers”), and retail buyers such as travel agencies and independent travel advisors (“Retail Buyers”); and enterprise buyers that include tour operators, travel management companies, online travel companies, super-apps and loyalty apps (“Enterprise Buyers”, together with Retail Buyers, “Buyers”) through the two-sided technology platform that enables Suppliers and Buyers to transact seamlessly with each other.
TBO’s platform allows the large and fragmented base of Suppliers to display and market inventory to, and set prices for, the large and fragmented global Buyer base. For Buyers, the platform is an integrated, multi-currency and multi-lingual one-stop solution that helps them discover and book travel for destinations worldwide, across various travel segments such as leisure, corporate and religious travel.
