TBO Tek ipo

Shares of TBO Tek will be listed on the bourses today. The company has fixed the price at ₹920, the upper end of the price band ₹875-920.

The ₹1,550.80-crore initial public offering of travel distribution platform TBO Tek that opened on Wednesday was subscribed fully on Day 1 itself, thanks to retail investors and non-institutional investors. The issue closes on May 10. The IPO comes with a price band of ₹875-920, and market lot of 16 shares.

The primary market is gearing up for significant activity this week, with three companies — Blackstone-backed Aadhar Housing Finance, healthcare tech firm Indegene and travel distribution firm TBO Tek — poised to float IPOs aiming to collectively raise nearly ₹6,400 crore.