Global travel distribution platform tbo.com plans INR 2,100 crore IPO
TBO.com a reputed B2B travel booking website is preparing to launch an initial public offering (IPO) of shares to raise INR 2,100 crore.
According to the company release, the IPO consists of a fresh issue of INR 900 crore and an offer for sale (OFS) of INR 1,200 crore by its existing shareholders and promoters. The proceeds from the fresh issue will be used for the company’s growth, strengthening of its platform by adding new buyers and suppliers, for strategic acquisitions and investments towards inorganic growth.
Axis Capital, Credit Suisse Securities India, Jefferies India, and JM Financials are the book running lead managers to the issue.
TBO is a global travel technology company focused on providing a range of travel services to its buyers (travel agents, TMCs, Super Apps and tour operators) across the world.
The company have also constituted a stellar board of independent directors.