T3 site is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Podcast Streaming Now

spot_img
HomeNewsTATOTBO Tek Files DRHP to Raise Rs 2100 Cr

TBO Tek Files DRHP to Raise Rs 2100 Cr

B2B travel services provider TBO Tek Limited has submitted Draft Red Herring Prospectus (DRHP) to Securities and Exchange Board of India (SEBI) seeking the approval to raise RS 2100 crore through an initial public offering (IPO) of shares.

According to DRHP, the company plans to raise fund via IPO up to Rs 2,100 crore comprising a fresh issue of equity shares of face value Rs 1 aggregating up to Rs900 crore and an Offer for Sale (OFS) aggregating up to Rs 1,200 crore by the promoter selling shareholder and investor selling shareholders.

Founders and investors will sell shares worth Rs 1200 crore while the company plans to raise Rs 900 crore through the sale of new stock.

TBO Tek proposes to utilize net proceed from IPO towards growth and strengthening of its platform by adding new buyers and suppliers amounting to Rs. 570 crore and strategic acquisitions and investments towards inorganic growth amounting to Rs. 90 crore and balance towards general corporate purpose.

Axis Capital, Credit Suisse, Jefferies India and JM Financial Ltd. are lead managers of the issue.

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!
RELATED ARTICLES

SOCIAL FOLLOWERS

FansLike
FollowersFollow

GALLERY

slide2
slide3
slide4
slide5
slide6
slide7
slide8
slide9
slide10
slide11
slide12
slide13
slide14
slide15
slide16
slide17
slide18
slide19
slide20
slide21
slide22
slide23
slide24
slide25
slide26
slide27

Upcoming Events

NEWSLETTER

    Appointment