TBO tech limited’s ipo set to launch on may 8, aims to raise rs 1,550 crore

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INVC NEWS
Mumbai  : The initial public offering (IPO) of travel service provider TBO Tech Limited will open in the market on May 8. Anchor investors will be able to subscribe to the IPO on May 7. The company is planning to raise Rs 1,550 crore through IPO. TBO Tech’s IPO will be open for subscription from May 08 to May 10. The price band for the IPO has been fixed at Rs 875 to Rs 920 per equity share.

The lot size of TBO Tech IPO is 16 shares. To participate in the IPO, retail investors will have to invest a minimum of Rs 14,720. The minimum lot size investment for NII is 14 lots, totaling 206,080 and for BNI, it is 68 lots, totaling 1,000,960. The company will issue 43 lakh fresh shares through IPO. Whereas 1.25 crore shares will be issued under Offer for Sale.

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