IPO · Commerce & Consumer Brands

TBO Tek Ltd completed its IPO with a total amount of ₹1,550.81 crore

By Startup Enthusiast · 12 September 2026

What they do

TBO Tek Ltd is a B2B marketplace connecting buyers and suppliers for business-to-business transactions

The company raised ₹1,550.81 crore through its IPO, which included a fresh issue of shares and an offer for sale by existing shareholders

The IPO was completed on May 15, 2024, and the company is now listed on the stock exchange in Mumbai

TBO Tek Ltd completed its initial public offering (IPO) on May 15, 2024, raising ₹1,550.81 crore.
The IPO included a fresh issue of 4,347,826 shares worth ₹400 crore and an offer for sale of 12,508,797 shares worth ₹1,150.81 crore.
Gaurav Bhatnagar, Lap Travel Private Limited, and Manish Dhingra sold a combined ₹478.49 crore worth of shares.
Tbo Korea Holdings Limited and Augusta Tbo (Singapore) Pte. Ltd. sold ₹671.30 crore worth of shares.
The IPO price was ₹920 per share, which is 920 times the face value of ₹1.
The company plans to use the raised capital to expand its buyer and supplier network and for general corporate purposes.

The company's IPO included both a fresh issue and an offer for sale, indicating a mix of new capital and existing shareholders' participation.
The IPO price was set at ₹920 per share, which is a premium over the face value, reflecting investor confidence in the company's growth potential.

TBO Tek Ltd operates as a B2B marketplace, connecting buyers and suppliers for business-to-business transactions.
The company's platform facilitates transactions between businesses, helping them find products and services efficiently.
TBO Tek Ltd is based in Hyderabad, India, and has a presence in the B2B marketplace sector.
The company's website is www.tbo.com, where users can access its services and learn more about its offerings.
The IPO was a major step in the company's growth strategy, aimed at expanding its network of buyers and suppliers.

The company plans to use the raised capital to expand its buyer and supplier network.
The company is now listed on the stock exchange in Mumbai.

Gaurav Bhatnagar (Promoter Selling Shareholder) — Promoter of TBO Tek Ltd who sold shares during the IPO.
Lap Travel Private Limited (Promoter Selling Shareholder) — Promoter entity that sold shares during the IPO.
Manish Dhingra (Promoter Selling Shareholder) — Promoter of TBO Tek Ltd who sold shares during the IPO.
Tbo Korea Holdings Limited (Investor Selling Shareholder) — Investor in TBO Tek Ltd who sold shares during the IPO.
Augusta Tbo (Singapore) Pte. Ltd. (Investor Selling Shareholder) — Investor in TBO Tek Ltd who sold shares during the IPO.