ixigo IPO vs TBO Tek IPO

Comparision between ixigo IPO and TBO Tek IPO.

IPO Details

ixigo IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while TBO Tek IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	ixigo IPO	TBO Tek IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Axis Capital Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Jm Financial Limited	Axis Capital Limited Jefferies India Private Limited Goldman Sachs (India) Securities Private Limited Jm Financial Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of ixigo IPO is up to ₹740.10 Cr whereas the issue size of the TBO Tek IPO is up to ₹1,550.81 Cr. The final issue price of ixigo IPO is ₹93.00 per share and of TBO Tek IPO is ₹920.00 per share.

	ixigo IPO	TBO Tek IPO
Face Value	₹1 per share	₹1 per share
Issue Price (Lower)	₹88.00 per share	₹875.00 per share
Issue Price (Upper)	₹93.00 per share	₹920.00 per share
Issue Price (Final)	₹93.00 per share	₹920.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	161 shares	16 shares
Fresh Issue Size	1,29,03,226 shares	43,47,826 shares
Fresh Issue Size (Amount)	up to ₹120.00 Cr	up to ₹400.00 Cr
OFS Issue Size	6,66,77,674 shares	1,25,08,797 shares
OFS Issue Size (Amount)	up to ₹620.10 Cr	up to ₹1,150.81 Cr
Issue Size Total	7,95,80,900 shares	1,68,56,623 shares
Issue Size Total (Amount)	up to ₹740.10 Cr	up to ₹1,550.81 Cr

IPO Timetable

ixigo IPO opens on Jun 10, 2024, while TBO Tek IPO opens on May 08, 2024. The closing date of ixigo IPO and TBO Tek IPO is Jun 12, 2024, and May 10, 2024, respectively.

	ixigo IPO	TBO Tek IPO
Anchor Bid Date	Jun 07, 2024	May 07, 2024
Issue Open	Jun 10, 2024	May 08, 2024
Issue Close	Jun 12, 2024	May 10, 2024
Basis Of Allotment (Tentative)	Jun 13, 2024	May 13, 2024
Initiation of Refunds (Tentative)	Jun 14, 2024	May 14, 2024
Credit of Share (Tentative)	Jun 14, 2024	May 14, 2024
Listing date (Tentative)	Jun 18, 2024	May 15, 2024
Anchor Lockin End date 1	Jul 13, 2024	Jun 12, 2024
Anchor Lockin End date 2	Sep 11, 2024	Aug 11, 2024

Financials

ixigo IPO P/E ratio is 148.87, as compared to TBO Tek IPO P/E ratio of 64.58.

ixigo IPO

TBO Tek IPO

Financial

Le Travenues Technology Limited Financial Information (Restated Consolidated)

Le Travenues Technology Limited's revenue increased by 34.46% and profit after tax (PAT) rose by 210.91% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	678.71	585.93	538.47	185.07
Revenue	497.10	517.57	384.94	138.41
Profit After Tax	65.71	23.40	-21.09	7.53
Net Worth	437.13	373.76	342.69	29.94
Reserves and Surplus	399.83	334.17	303.22	-212.60
Total Borrowing	43.36	0.54	2.73	14.94
Amount in ₹ Crore

TBO Tek Limited Financial Information (Restated Consolidated)

TBO Tek Limited's revenue increased by 112.09% and profit after tax (PAT) rose by 340.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	3,754.05	2,557.93	1,271.43	576.16
Revenue	1,039.56	1,085.77	511.93	176.55
Profit After Tax	154.18	148.49	33.72	-34.14
Net Worth	501.21	337.19	231.90	204.07
Reserves and Surplus	478.43	317.57	214.08	197.58
Total Borrowing	2.93	6.36	2.69
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

51.26%

Promoter Shareholding (Post-Issue)

P/E Ratio

148.87

64.58

Market Cap

₹3603.04 Cr.

₹9990.08 Cr.

ROE

ROCE

Debt/Equity

EPS

₹0.62

₹14.25

RoNW

15.26%%

30.76%

Shares Offered

In the ixigo IPO retail investors (RII) are offered 79,58,089 shares while in TBO Tek IPO retail investors are offered 79,58,089 shares. Qualified institutional buyers (QIB) are offered 2,38,74,271 shares in ixigo IPO and 50,47,204 shares in TBO Tek IPO.

	ixigo IPO	TBO Tek IPO
Anchor Investor Reserveration	3,58,11,405 shares	75,70,807 shares
Market Maker Reserveration
QIB	2,38,74,271 shares	50,47,204 shares
NII	1,19,37,134 shares	25,23,602 shares
RII	79,58,089 shares	16,82,401 shares
Employee	0 shares	32,609 shares
Others
Total	4,37,69,494 shares	92,85,816 shares

Bids Received (Subscription)

ixigo IPO subscribed 98.10x in total, whereas TBO Tek IPO subscribed 86.69x.

	ixigo IPO	TBO Tek IPO
QIB (times)	106.73x	125.51x
NII (times)	110.25x	50.60x
Big NII (times)	117.40x	55.82x
Small NII (times)	95.95x	40.15x
RII (times)	53.95x	25.72x
Employee (times)		17.81x
Other (times)
Total (times)	98.10x	86.69x

Compare with others

ixigo IPO	TBO Tek IPO
OLA Electric IPO	ixigo IPO
Vraj Iron and Steel IPO	Kronox Lab Sciences IPO
Aasaan Loans IPO	Awfis Space Solutions IPO
Stanley Lifestyles IPO	Go Digit IPO
DEE Piping Systems IPO	Aadhar Housing Finance IPO
Kronox Lab Sciences IPO	Indegene IPO
Awfis Space Solutions IPO	JNK India IPO
Go Digit IPO	VI FPO
Aadhar Housing Finance IPO	Bharti Hexacom IPO
TBO Tek IPO	SRM Contractors IPO

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