About Company’s Business:
The company operates an online B2B travel distribution platform, facilitating a broad array of services and linking Buyers with Suppliers. It simplifies travel operations by consolidating transactions onto a single, user-friendly platform. Through this platform, suppliers such as hotels, airlines, car rentals, transfers, cruises, insurance, rail, and others can engage with buyers like travel agencies, independent travel advisors, tour operators, travel management companies, online travel companies, super-applications, and loyalty applications, streamlining the entire process. Instead of navigating multiple platforms and systems, both Buyers and Sellers can utilize this unified platform for transactions.
About the Industry:
In 2023, the travel and tourism industry witnessed a notable recovery, registering an 18.2% year-on-year growth from 2022, achieving a total value of US$1.9 trillion. Projections suggest that it will continue to expand, with an anticipated Compound Annual Growth Rate (CAGR) of 8.2%, reaching US$2.6 trillion by 2027 (Source: 1Lattice Report). Modern travel distribution platforms play a pivotal role in this ecosystem, linking a vast and diverse audience of retail and enterprise travel buyers with an array of travel suppliers such as hotels, airlines, transfers, and others. These platforms facilitate a wide range of transactions between retail and enterprise travel buyers, providing a significant audience to the supplier community while offering global inventory reach to travel buyers.
Key Financial Information (â‚ą in million):
| Particulars | As of and for the nine months period ended December 31, 2023 | As of and for the nine months period ended December 31, 2022 | As of and for the Financial Year ended March 31, 2023 | As of and for the Financial Year ended March 31, 2022 | As of and for the Financial Year ended March 31, 2021 |
|---|---|---|---|---|---|
| Equity share capital | 104.24 | 104.24 | 104.24 | 104.24 | 18.95 |
| Net worth | 5,012.12 | 3,093.19 | 3,371.92 | 2,319.04 | 2,040.71 |
| Revenue from operations | 10,237.53 | 7,831.77 | 10,645.87 | 4,832.68 | 1,418.06 |
| Restated profit/(loss) for the period/year | 1,541.78 | 1,202.78 | 1,484.91 | 337.17 | (341.44) |
| Restated earnings per Share - Basic | 15.30 | 11.58 | 14.21 | 3.32 | (3.28) |
| - Diluted | 15.15 | 11.50 | 14.07 | 3.32 | (3.28) |
| Net Asset Value per equity share) | 49.31 | 30.47 | 33.22 | 22.85 | 19.58 |
| Total borrowings | 29.32 | 62.74 | 63.60 | 26.94 | - |
Objective of the Issue:
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Investment in technology and data solutions by our Company.
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Investment in our Material Subsidiary, Tek Travels DMCC, for onboarding platform users through marketing and promotional activities; and hiring sales and contracting personnel for augmenting our Supplier and Buyer base outside India
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Unidentified inorganic acquisitions and general corporate purposes*a. Unidentified inorganic acquisitions400.00b. General corporate purposes
For more detailed information, you can refer to the IPO Prospectus (RHP) filed by the company.
| Important information regarding the IPO | |
|---|---|
| Open Date | Wednesday, May 8, 2024 |
| Close Date | Friday, May 10, 2024 |
| Issue Size | â‚ą1,550.81 Crores |
| Price | â‚ą875 to â‚ą920 per share |
| Lot Size | 16 Shares |
| Basis of Allotment | Monday, May 13, 2024 |
| Initiation of Refunds | Tuesday, May 14, 2024 |
| Credit of Shares to Demat | Tuesday, May 14, 2024 |
| Listing Date | Wednesday, May 15, 2024 |
How to apply for this IPO?
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