TBO Tek IPO: The good and the bad

The company

It is a leading travel distribution company in the travel & tourism industry. It offers buyers a one-stop solution to explore travel options for worldwide destinations.

IPO details

Post IPO

Financial history

Key ratios

The good

The company offers services to both suppliers and buyers, offering instant access to a global network of partners. As of December 31, 2023, it has boarded 1.59 lakh buyers.

The bad

As of FY23, 68% of the company's revenue comes from the top 5 suppliers. This exposes the business to pricing pressures from suppliers.

The bad

The company's operations depend highly on the hotel and airline industries. Any downturn in these industries may significantly impact the business.

Risk report

Is the company's net debt-to-equity ratio less than one? Yes. The company is net debt-free as of December 2023.