TBO Tek

TBO Tek IPO: Day 1 Success with 1.15x Subscription Rate!

Find out how TBO Tek's IPO got oversubscribed on its first day! Exciting news for potential investors!

The initial public offer of travel distribution firm TBO Tek saw exceptional success on the first day of bidding, with the IPO being subscribed 1.15 times. Investors showed great enthusiasm, bidding for 1.06 crore shares against the 0.92 crore shares offered. The retail portion was fully booked, indicating strong interest in the company. Potential investors can still subscribe to the IPO until May 10, with the lot size requiring bids for 16 shares and multiples thereafter.

As the IPO continues to garner attention, TBO Tek's shares are expected to be finalized by May 13, with listing tentatively set for May 15 on both NSE and BSE. This successful subscription on day 1 highlights the promising future prospects of TBO Tek in the market, showcasing investor confidence in the company's growth potential.

In a remarkable display of investor confidence, TBO Tek's IPO received bids for 1.06 crore shares on the first day. This enthusiastic response emphasizes the strong demand for the company's shares among investors. Additionally, the oversubscription on day 1 indicates a positive market sentiment towards TBO Tek, setting the stage for a successful listing day.

With the IPO subscription reaching 1.15 times on day 1, TBO Tek has made a significant mark in the market. The overwhelming interest from investors reflects the trust and belief in the company's business model and growth trajectory. This early success bodes well for TBO Tek's future as it prepares for its listing on the stock exchanges.