TBO Tek IPO: Travel services provider files papers to raise Rs 2,100 crore

TBO Tek Ltd has filed preliminary prospectus with capital markets regulator Sebi to raise Rs 2,100 crore through an IPO.

New Delhi: Travel services provider TBO Tek Ltd has filed preliminary prospectus with capital markets regulator Sebi to raise Rs 2,100 crore through an initial public offering (IPO).

The public issue comprises fresh issue of equity shares of up to Rs 900 crore and an offer for sale worth up to Rs 1,200 crore by promoters and existing investors, according to the draft red herring prospectus (DRHP).

Also, the company may consider a pre-IPO placement aggregating to Rs 180 crore. If such placement is completed, the fresh issue size will be reduced.