Travel Tech Soars: TBO Tek IPO Oversubscribed

  • TBO Tek, a leading travel distribution platform, is witnessing a strong investor response for its initial public offering (IPO).
  • By day two, the IPO received subscriptions exceeding 43 times the number of shares offered.
  • This translates to a surge in demand, with retail investors subscribing nearly eight times their allotted share.
  • While Non-Institutional Investors (NIIs) showed significant interest, participation from Qualified Institutional Buyers (QIBs) remained subdued.
  • The strong subscription indicates optimism in the travel technology sector and TBO Tek's growth potential.

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