TBO Tek
MAINBOARD
Listed
Price Band
₹875 - ₹920
Lot Size
16 Shares
Issue Size
₹400.00 Cr
Fresh Issue
₹280.00 Cr
OFS
₹120.00 Cr
Registrar
KFin Technologies Limited (formerly known as KFin Technologies Private Limited)
AI Sentiment Score
Listing Price
₹1,426.00
vs Issue: ₹920 (+55.00%)
📅 IPO Timeline
✓
Open
May 8, 2024
✓
Close
May 10, 2024
✓
Allotment
May 13, 2024
✓
Refund
May 14, 2024
✓
Demat
May 14, 2024
✓
Listing
May 15, 2024
📈 Grey Market Premium (GMP) Trendline
Daily consensus GMP movement (₹) recorded across market sources
✨ AI Analysis & Prediction
🔒 Final Reconciled Estimate
Locked post-listing with actual debut performance
TBO Tek displays an established operational footprint with expanding revenue streams (36.0% CAGR) and a defensible value proposition.
💪 Strengths
- Demonstrated operational revenue trajectory with resilient top-line growth (36.0% CAGR).
- Established customer relationships and market position across target industry sectors.
- Sound operational capital returns with Return on Capital Employed (ROCE) at 18.3%.
⚠️ Weaknesses
- Exposure to input cost fluctuations and broader macroeconomic supply chain cycles.
- Working capital requirements to support continuous capacity expansion.
- Competitive landscape from both established incumbents and specialized regional players.
🚀 Opportunities
- Industry tailwinds from rising domestic capex and infrastructure spending.
- Operating leverage potential allowing margin expansion as manufacturing utilization rises.
- Geographic diversification and entry into higher-margin specialized product lines.
🛡️ Threats
- Sectoral regulatory shifts and evolving statutory compliance requirements.
- Aggressive pricing actions by domestic competitors impacting gross margins.
- Broader market equity volatility and liquidity fluctuations.
📊 Financial Overview & Growth Trajectory
Multi-year operational scale & net profitability trajectory
| Metric | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue (₹ Cr) | Rs 1,065.00 Cr | Rs 1,393.00 Cr | Rs 1,737.00 Cr | Rs 2,677.00 Cr |
| Net Profit / PAT (₹ Cr) | Rs 148.00 Cr | Rs 201.00 Cr | Rs 230.00 Cr | Rs 244.00 Cr |
| EBITDA / Op. Profit (₹ Cr) | Rs 189.00 Cr | Rs 261.00 Cr | Rs 285.00 Cr | Rs 378.00 Cr |
| Borrowings (₹ Cr) | Rs 71.00 Cr | Rs 210.00 Cr | Rs 214.00 Cr | Rs 756.00 Cr |
| Total Assets (₹ Cr) | Rs 2,558.00 Cr | Rs 4,855.00 Cr | Rs 6,206.00 Cr | Rs 9,303.00 Cr |
| ROE % | 0.00% | 0.00% | 0.00% | 0.00% |
| ROCE % | 18.30% | 18.30% | 18.30% | 18.30% |
| Debt / Equity | 0.00 | 0.00 | 0.00 | 0.00 |
Company P/E
68.4x
Industry P/E
78.7x
Debt/Equity
0.49
⚖️ Valuation Benchmark Range
🟢 Attractively Priced vs Industry Peers
Industry 78.7x
IPO 68.4x
0x (Deep Value)
106x (High Multiple)
📋 Live Subscription Status
QIB
125.51x
NII
55.82x
Retail
25.74x
Total
86.70x
🎯 Retail Allotment Probability
3.9% Odds
1 in 25.7 chance (~3.9% probability per PAN)
SEBI Rule: Under SEBI lottery allotment rules, applying for multiple lots under Retail does NOT increase your lottery odds. All valid retail applicants have identical 1-lot odds per PAN.
Updated: Sep 12, 2026 2:44 PM
💼 Issue Structure & Reservation Quota
Capital Structure
₹400.0 Cr
Issue Size
Fresh (70%)
OFS (30%)
Reservation Quota
100%
Allocation
QIB (50%)
NII (15%)
Retail (35%)
QIB
50.00%
Retail
35.00%
NII
15.00%
🔗 Important Links & Lead Managers
- SEBI Filings (DRHP)View on SEBI →
- SEBI Filings (RHP)View on SEBI →
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.