TBO Tek IPO: Share Allotment To Be Finalized Today; GMP Hints Strong Listing; Check Status

Investors anticipate the finalization of share allotments for the TBO Tek IPO, set to be announced today, Monday, May 13. The allotment status will be available on the registrar's portal, managed by Kfin Technologies Ltd, where applicants can check if they've secured shares in the offering.

The online travel agency's IPO subscription window opened on Wednesday, May 8, and concluded on Friday, May 10. The response was overwhelming, with both retail and non-institutional investors showing significant interest. Retail investors bid 25.74 times, while non-institutional investors surged to 50.60 times the offer size. By the end of the third day, the overall subscription status reached 86.70 times.

Understanding the basis of allocation is important for investors to ascertain their share allotments. The number of shares offered also plays a role in determining the IPO allotment status. Those who were unsuccessful in securing shares will have refund procedures initiated promptly by the company. On the flip side, successful applicants will find the allotted shares credited to their demat accounts.

For those awaiting refunds due to non-allotment, the process commences tomorrow, Tuesday, May 14. Conversely, allottees can expect to see their shares reflecting in their demat accounts on the same day.

With a grey market premium of +508, it suggests that TBO Tek shares are trading at a premium, as reported by investorgain.com. This premium indicates investors' willingness to pay above the issue price, painting a positive picture of the company's market debut.

Analysts project an expected listing price of Rs 1,428 per share, considering the upper end of the IPO price band and the current grey market premium. This figure represents an increase of 55.22% from the IPO price of Rs 920.

The term 'grey market premium' encapsulates investors' sentiment and readiness to pay a premium for shares even before they officially debut on the stock exchange. It serves as a barometer of market demand and investor confidence in the company's prospects.

Today applicants can finally check their IPO allotment status online through various platforms.

One such avenue is the website of the IPO registrar, Kfin Technologies Ltd, where investors can go to the TBO Tek IPO allotment status link: https://ris.kfintech.com/ipostatus/. Here's a simple step-by-step guide to help you ascertain your allotment status:

Step 1: Upon accessing the provided link, you'll encounter five distinct URLs, each catering to a specific query regarding allotment status.

Step 2: Select one of the available URLs and opt for TBO Tek IPO from the "Select IPO" drop-down menu.

Step 3: Enter your PAN, Demat Account, or Application Number, depending on your preference, to retrieve your allotment status.

Step 4: If you choose the application number option, input the relevant details along with the captcha code and hit "Submit."

Opting for the Demat Account route requires you to furnish your account particulars along with the captcha code before clicking "Submit."

For those selecting the PAN option, enter the PAN number along with the captcha code and proceed by clicking "Submit."

Alternatively, investors can also check their TBO Tek IPO allotment status via the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) platforms.

How to check on BSE:

Step 1: Head over to the BSE official website's allotment page: https://www.bseindia.com/investors/appli_check.aspx

Step 2: Under 'Issue Type,' select 'Equity.'

Step 3: From the 'Issue Name' drop-down menu, pick the TBO Tek IPO.

Step 4: Enter your application number or PAN to proceed.

How to check on NSE:

Step 1: Navigate to NSE's official website: https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp

Step 2: Register with your PAN by clicking the 'Click here to sign up' option.

Step 3: Provide your password, username, and captcha code as prompted.

Step 4: Once logged in, you can check the status of your IPO allocation on the ensuing page.