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IPO

B2B travel booking site TBO.com plans Rs.2,000-Cr IPO

Economic Times  

B2B travel booking website TBO.com is preparing to launch an initial public offering (IPO) of shares to raise INR 1,500-2,000 crore and could file its draft red herring prospectus with the Securities and Exchange Board of India (Sebi) this week. TBO.com is an aggregator of airline tickets, hotels and holiday packages and is used by 60,000 travel agents to book inventory for their customers. It has tie-ups with 700,000 hotels in over 100 countries. TBO.com's parent company TBO Tek Limited has appointed Axis Securities, JM Financial, Jefferies and Credit Suisse as book runners for its upcoming IPO.