TBO Tek IPO

TBO Tek Limited is one of the leading travel distribution platform in the global travel & tourism industry providing a wide range of offerings operating in over 100 countries. The company provides its buyers with a comprehensive travel inventory according to the needs of their customers; and supporting a wide range of currencies along with forex assistances. The platform allows the large & fragmented base of Suppliers to display & market inventory to, and set prices for, the large & fragmented global Buyer base.

For Buyers, the platform is an integrated, multi-currency & multi-lingual one-stop solution that helps them discover & book travel for destinations worldwide, across various travel segments such as leisure, corporate and religious travel. As on 31st March 2023, the company has sold 7,500+ destinations with over 41,000 bookings per day through their platform. The platform supports 11 languages and has accepted 55+ currencies for bookings.

TBO Tek IPO Strengths

• The company’s platform creates a network effect with interlinked flywheels.
• It has a modular and scalable proprietary technology platform allowing the addition of new lines of business, markets, and travel products.
• It has the ability to generate and leverage large data assets.
• The company has a capital-efficient business model with a combination of sustainable growth.

TBO Tek IPO Risks

• The business is exposed to pricing pressure from Suppliers.
• It operates in a highly competitive industry.
• The business is subject to risks related to online payment methods.
• A majority of the revenues are derived from Tek Travels DMCC, a subsidiary.
• The company derives a majority portion of its revenues from hotels and ancillary bookings.
• High working capital requirements.