21,717,560 Equity Shares of TBO Tek Limited are subject to a Lock-Up Agreement Ending on 12-NOV-2025. These Equity Shares will be under lockup for 551 days starting from 10-MAY-2024 to 12-NOV-2025.
Details:
Pursuant to Regulations 14 and 16 of the SEBI ICDR Regulations, as amended, an aggregate of 20% of the fully diluted post-Offer Equity Share capital of our Company held by the Promoters, shall be locked in for a period of 18 months as minimum Promoters? contribution ("Minimum Promoters? Contribution?) from the date of Allotment and the shareholding of the Promoters in excess of 20% of the fully diluted post-Offer Equity Share capital shall be locked in for a period of six months from the date of Allotment.
50% of the Equity Shares allotted to Anchor Investors under the Anchor Investor Portion shall be locked-in for a period of 90 days from the date of Allotment and the remaining Equity Shares allotted to Anchor Investors under the Anchor Investor Portion shall be locked-in for a period of 30 days from the date of Allotment.
TBO Tek Limited operates a travel distribution platform in the global travel and tourism industry. The Companyâs segments include air ticketing and hotel and packages. The Company provides a range of offerings operating in over 100 countries by providing buyers with a travel inventory according to the needs of their customers and supporting a range of currencies along with forex assistances. Its platform has two portals: TBO Holidays and Travel Boutique Online. TBO Holidays is a global travel distribution platform. Travel Boutique Online is a travel distribution platform for travel buyers based in India. It simplifies the business of travel for suppliers, such as hotels, airlines, car rentals, transfers, cruises, insurance, rail and others (Suppliers), and retail buyers, such as travel agencies and independent travel advisors (Retail Buyers); and enterprise buyers that include tour operators, travel management companies, online travel companies, super-apps and loyalty apps (Buyers).
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Investor
Investor
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Global
Global
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Quality
Quality
This composite rating is the result of an average of the rankings based on the following ratings: Capital Efficiency (Composite), Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
