TBO Tek IPO Listing at 1426 rupees on NSE with 55 percent Premium and 50 percent on BSE

TBO Tek IPO Listing: Travel Distribution Platform (TBO Tek) has been listed at an explosive level. The company has made huge earnings for investors as soon as it entered the stock market. Shares of TBO Tech are listed on NSE today at a price of Rs 1426 and the price of shares in its IPO was at Rs 920. In this way, TBO Tech has been listed today with a premium of 55 percent.

Listing price of TBO Tech shares on BSE

Shares of TBO Tech are listed on BSE at the rate of Rs 1380 and thus it is listed with a premium of 50 percent. The listing on BSE at Rs 1380 against the issue price of Rs 920 is giving excellent listing gain.

The issue received tremendous response

The IPO of TBO Tech was worth Rs 1550.81 crore and bidding for this issue was done from 8 to 10 May. The company had fixed the price band between Rs 875 and Rs 920. The IPO received overwhelming support from investors and was oversubscribed 86.70 times. Qualified institutional buyers had oversubscribed this IPO by 125.51 times. NII's quota was subscribed 50.60 times and retail investors' quota was subscribed 25.74 times.

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