India's TBO Tek jumps in debut trade
15/05/2024 07:41
** Shares of TBO Tek TBOT.NS jump 49.2% in trading debut
vs IPO price of 920 rupees
** TBOT, which provides services to travel agents and tour
operators, opens at 1,426 rupees; stock so far above IPO price
** At current levels, co valued at 149.09 bln rupees ($1.79
bln)
** "TBO Tek witnessed a stellar debut, exceeding pre-listing
expectations of 40% premium" - Shivani Nyati, Head of Wealth, at
Swastika Investmart
** Co raised 15.51 bln rupees in IPO of fresh share issue
worth 4 bln rupees, offer for sale of shares worth 11.51 bln
rupees - prospectus
** IPO oversubscribed 86.70x last week - exchange data
($1 = 83.5025 Indian rupees)
(Reporting by Rama Venkat in Bengaluru)
((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))
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