Draft papers were filed with SEBI by TBO Tek in November 2023, while Awfis Space Solutions submitted its DRHP in December 2023.
TBO Tek is a travel service-providing company, that deals with tech to book tickets, hotel rooms, and online reservations in India. it is a subsidiary of Teck Travels Private Limited. The company, renowned for its innovative solutions in the tech realm, took this strategic step to delve into public offerings and expand its financial horizons. TBO Tek filed the draft papers with SEBI back in November 2023 and recently received approval to raise funds through an IPO from the Securities Exchange Board of India. TBO Tek an Online distribution platform will fresh issue Rs 400 Cr shares through IPO.
The Offer for Sale (OFS) involves selling shares by promoters Gaurav Bhatnagar, Manish Dhingra, and LAP Travel, as well as investors TBO Korea and Augusta TBO. Managing the sale are Axis Capital, Goldman Sachs (India), JM Financial, and Jefferies India, while KFin Technologies handles the registration process.
Awfis Space Solutions leads the co-working industry with innovative flexible workspace solutions across major cities. Awfis aims to dominate the market and redefine co-working spaces. Awfis has submitted DHRP in December 2023. IPO consists of Rs 160 Cr worth of fresh issues and it’s existing shareholders and promoters have an offer-for-sale of up to 10.02 million shares.
In the Offer for Sale (OFS), Peak XV Partners Investments V plans to sell up to 5.01 million shares, Bisque Ltd aims to sell up to 4.94 million shares, and Link Investment Trust intends to sell up to 75,174 million shares. Handling the sale are ICICI Securities, Axis Capital, IIFL Securities, and Emkay Global Financial Services.
