Stay updated with Today’s Current Affairs as TBO Tek Limited made its debut on the Indian stock market with a whopping 55% premium. The company, formerly known as Tek Travels Private Limited, provides a travel distribution platform with customized travel inventory and currency support. Learn more about the impressive market debut and the bulk deals that took place today. Don’t miss out on this exciting business overview and other key details about this promising small-cap stock with potential for multibagger returns in the future. Stay informed and keep an eye on the latest developments in the market!
1. What was the premium percentage at which TBO Tek Limited’s stock debuted on the Indian market?
– A. 25%
– B. 50%
– C. 55%
– D. 60%
Answer: C. 55%
2. What was the final issue price per share of TBO Tek Limited on the BSE?
– A. Rs 875
– B. Rs 920
– C. Rs 1380
– D. Rs 1404.85
Answer: B. Rs 920
3. Which fund purchased the highest number of shares of TBO Tek Limited via bulk deal?
– A. Goldman Sachs FDS India Portfolio fund
– B. Nomura Funds Ireland PLC Equity Fund
– C. Norges Bank
– D. Valuequest Investment Advisors Private Limited
Answer: C. Norges Bank
4. In which year was TBO Tek Limited established?
– A. 2006
– B. 2010
– C. 2015
– D. 2020
Answer: A. 2006
What is the name of the company whose stock debuted on the Indian market with a 55% premium?
The company’s name is TBO Tek Limited, formerly known as Tek Travels Private Limited.
What was the opening price of the company’s stock on the BSE?
The stock opened at Rs 1380 per share on the BSE.
Which funds were involved in today’s bulk deal for the company’s stock?
Goldman Sachs FDS India Portfolio fund, Nomura Funds Ireland PLC Equity Fund, Norges Bank, and Valuequest Investment Advisors Private Limited were involved in today’s bulk deal for the company’s stock.
When was TBO Tek Limited established and what services does it provide?
TBO Tek Limited, formerly known as Tek Travels Private Limited, was established in 2006. It is a travel distribution platform providing customized travel inventory and comprehensive currency support, including forex assistance.
What was the subscription rate for TBO Tek’s IPO and how did its revenue and profit perform in FY23?
The IPO garnered a subscription rate of 86.69 times. In FY23, the company’s revenue increased by 112.09% and profit after tax rose by 340.4%.
Today's Current Affairs witnessed the debut of TBO Tek Limited on the Indian stock market, formerly known as Tek Travels Private Limited. The company's stock opened with a substantial premium of 55 per cent on the NSE, closing the day at Rs 1404.85 per share on the BSE. Notable bulk deals included purchases by Goldman Sachs FDS India Portfolio fund, Nomura Funds Ireland PLC Equity Fund, Norges Bank, and Valuequest Investment Advisors Private Limited. Established in 2006, TBO Tek Limited is a travel distribution platform offering customized travel inventory and comprehensive currency support. The IPO garnered a subscription rate of 86.69 times and showed promising financial growth in FY23. Investors are advised to keep an eye on this small-cap stock for potential multibagger returns in the future.
