TBO Tek IPO opens on May 8 ...Middle East

  Dalal Street is gearing up for the launch of TBO Tek’s initial public offering (IPO) next week. The IPO subscription is scheduled to begin on May 8 and conclude on May 10, 2024, with the price range anticipated to be disclosed by the end of this week. Preceding the subscription period, the anchor book of the public issue is slated to open for a day on May 7. The IPO entails a fresh issuance of shares valued at INR 400 crore by the company, along with an offer-for-sale (OFS) of 1,25,08,797 equity shares by promoters and investors. Promoters Gaurav Bhatnagar, Manish Dhingra, and LAP Travel intend to collectively sell 52.12 lakh equity shares through the OFS, while investors TBO Korea and A

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