TBO Tek Raises INR 696.5 Cr from Anchor Investors Ahead of Public Issue
B2B travel portal Travel Boutique Online, also known as TBO Tek, has made significant strides in its journey towards a public issue, securing a substantial INR 696.5 Cr from 47 anchor investors. As anticipation builds for its public issue opening on May 8, the allocation of 45.7 Lakh shares to anchor investors sets the stage for an exciting new chapter in TBO Tek’s growth trajectory.
The anchor round witnessed enthusiastic participation from esteemed names in the investment landscape, including the Abu Dhabi Investment Authority (ADIA), Government Pension Fund of Norway, ICICI Prudential Mutual Fund, Kotak Mahindra Mutual Fund, Neuberger Berman, Tata Digital, Nippon India Mutual Fund, Nomura, and SBI Mutual Fund, among others. This robust support underscores the confidence and trust that leading institutional investors have placed in TBO Tek’s potential and vision.
Of the total shares allocated, a significant portion, 31.55 Lakh shares, accounting for 42% of the total, amounting to INR 290 Cr, were earmarked for 14 domestic mutual funds across 26 schemes. This strategic allocation reflects TBO Tek’s commitment to fostering strong partnerships within the domestic investment community, leveraging mutual funds’ extensive reach and influence.
As TBO Tek gears up for its public listing, the company aims to raise approximately INR 1,551 Cr, positioning itself at the upper end of the spectrum. Setting a price band of INR 875 to INR 920 per share for its public issue, TBO Tek aims to attract a diverse pool of investors seeking to participate in the promising growth prospects of the B2B travel sector.
The public issue, scheduled to open on May 8 and conclude on May 10, represents a pivotal moment for TBO Tek as it embarks on the next phase of its evolution. With a robust financial foundation and strong investor backing, the company is well-positioned to capitalize on emerging opportunities in the travel and technology landscape, driving innovation and value creation for its stakeholders.
TBO Tek’s journey towards a public listing is not merely a milestone in its corporate trajectory but a testament to its resilience, vision, and unwavering commitment to delivering excellence in the B2B travel space. As the company forges ahead into this new chapter, it remains steadfast in its pursuit of growth, profitability, and creating lasting value for its investors, partners, and customers alike.
![Pine Labs Files DRHP for INR 2,600 Cr IPO; First India Listing After Abandoned US Plans]({"jaw_blog-16_9-small":{"file":"https:\/\/brandzmagazine.com\/wp-content\/uploads\/2025\/06\/brandzmagazine.com_.pdf-3-170x170.jpg","width":170,"filesize":8922},"jaw_blog-16_9-middle":{"file":"https:\/\/brandzmagazine.com\/wp-content\/uploads\/2025\/06\/brandzmagazine.com_.pdf-3-270x270.jpg","width":270,"filesize":17940},"jaw_blog-16_9":{"file":"https:\/\/brandzmagazine.com\/wp-content\/uploads\/2025\/06\/brandzmagazine.com_.pdf-3-475x475.jpg","width":475,"filesize":40372}})
![Defence Tech Startup Armory Raises INR 13 Cr to Boost R&D and Manufacturing of Indigenous Anti-Drone Systems]({"jaw_blog-16_9-small":{"file":"https:\/\/brandzmagazine.com\/wp-content\/uploads\/2025\/06\/brandzmagazine.com_.pdf-2-170x170.jpg","width":170,"filesize":10819},"jaw_blog-16_9-middle":{"file":"https:\/\/brandzmagazine.com\/wp-content\/uploads\/2025\/06\/brandzmagazine.com_.pdf-2-270x270.jpg","width":270,"filesize":22152},"jaw_blog-16_9":{"file":"https:\/\/brandzmagazine.com\/wp-content\/uploads\/2025\/06\/brandzmagazine.com_.pdf-2-475x475.jpg","width":475,"filesize":52305}})
![EV Ride-Hailing Startup Evera Cabs Raises $4 Mn from Mufin Green Finance to Expand Clean Mobility Services]({"jaw_blog-16_9-small":{"file":"https:\/\/brandzmagazine.com\/wp-content\/uploads\/2025\/06\/brandzmagazine.com_.pdf-1-170x170.jpg","width":170,"filesize":9631},"jaw_blog-16_9-middle":{"file":"https:\/\/brandzmagazine.com\/wp-content\/uploads\/2025\/06\/brandzmagazine.com_.pdf-1-270x270.jpg","width":270,"filesize":18626},"jaw_blog-16_9":{"file":"https:\/\/brandzmagazine.com\/wp-content\/uploads\/2025\/06\/brandzmagazine.com_.pdf-1-475x475.jpg","width":475,"filesize":41833}})