Key Points
The issue includes fresh equity of Rs 400 crore and an offer for sale of up to 1.25 crore shares..
Under the OFS, promoters Gaurav Bhatnagar, Manish Dhingra, LAP Travel, and other selling shareholders TBO Korea, Augusta TBO will offload the shares...
TBO simplifies the business of travel for suppliers such as hotels, airlines, retail buyers such as travel agencies, and enterprise buyers that include tour operators, travel management companies..
In 2023 the travel and tourism industry is estimated to recover at pace, growing 18% year-on-year from 2022 to reach $1.9 trillion, and is expected to grow at a CAGR of 8.2% to reach $2.6 trillion in 2027...
Net proceeds from the fresh issue are proposed to be utilised towards growth and strengthening of the platform by adding new buyers and suppliers, unidentified inorganic acquisitions and general corporate purposes...
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