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TBO Tek IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details

TBO Tek IPO Review

TBO Tek Ltd. (TTL) is a big name in global travel, offering a wide range of services across 100+ countries. Despite a rough patch in FY21 due to the pandemic, things picked up from FY22 onward, showing growth in both sales and profits. Over the last three years, they've averaged Rs. 7.67 per share in earnings and a 24.08% return on net worth. FY23 was particularly good, with total income hitting Rs. 1085.77 cr. and net profit at Rs. 148.49 cr. By December 2023 in FY24, they'd already made Rs. 154.18 cr. in net profit from a total income of Rs. 1039.56 cr. The tourism industry is looking promising, so while the IPO might seem a bit pricey based on FY24 earnings, it could pay off well in the long run for investors.

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