TBO Tek’s Rs 1,551-crore IPO saw healthy demand, with 1.15 times subscription on day one. Retail investors oversubscribed, while non-institutional investors showed strong interest. However, QIB participation remained low at 1 percent. TBO Tek, a major player in global travel and tourism, reported impressive financials for FY23, with a 340% profit increase and 120.3% revenue growth. The IPO’s price band is set at Rs 875 to Rs 920 per share. The company raised Rs 696.51 crore from anchor investors, including prominent global names.
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