TBO TEK LIMITED – INITIAL PUBLIC OFFERING OPENS ON 08th May, 2024

• Price Band fixed at ₹ 875 to ₹ 920 per equity share of face value of ₹ 1 each (“Equity Share”)

• Bid/ Offer will open on Wednesday, May 08^th, 2024 and close on Friday, May 10^th, 2024. The Anchor Investor Bidding Date shall be Tuesday, May 07^th , 2024

• Bids can be made for a minimum of 16 Equity Shares and in multiples of 16 Equity Shares thereafter

• RHP Link: https://www.tbo.com/investor-relations

Bhubaneswar: TBO Tek Limited (“The Company” or “TBO”), shall open bids for its initial public offering of Equity Shares on Wednesday, May 08^th, 2024. The Offer will close on Friday May 10^th, 2024. The Anchor Investor Bidding Date shall be on Tuesday May 07^th, 2024.

The Price Band of the Offer has been fixed at ₹ 875 to ₹ 920 per Equity Share. Bids can be made for a minimum of 16 Equity Shares and in multiples of 16 Equity Shares thereafter (“Price Band”).

The Offer comprises of fresh issue of Equity Shares aggregating to ₹ 4,000.00 million [₹ 400.00 Crore] (the “Fresh Issue”) andanOffer of Sale by certain shareholders of up to 12,508,797 Equity Shares (the “Offer for Sale”, and together with the Fresh Issue, the “Offer”) (“Total Offer Size”).

The Company proposes to utilized net proceeds of the Fresh Issue portion of the Offer towards (i) Growth and Strengthening of its platform by adding new Buyers (defined below) and Suppliers which shall include (a) ₹ 1,350.00 million [₹ 135 crore] towards investment in technology and data solutions by the Company, (b) ₹ 1,000.00 million [₹ 100 crore] towards investment in its Material Subsidiary, Tek Travels DMCC, for onboarding platform users through marketing and promotional activities, and hiring sales and contracting personnel for augmenting the Supplier and Buyers based outside India, (c) ₹ 250.00 million [₹ 25 crore] investment in sales, marketing and infrastructure to support organization’s growth plans in India; and (ii) Unidentified inorganic acquisitions and towards general corporate purpose amounting to ₹ 400.00 million [₹ 40.00 crore]. (“Objects of the Offer”)

The Offer for Sale comprises of up to 2,033,944 Equity Shares by Gaurav Bhatnagar, up to 572,056 Equity Shares by Manish Dhingra, up to 2,606,000 Equity Shares by LAP Travel Private Limited (collectively referred to as “Promoter Selling Shareholders”); up to 2,637,040 Equity Shares by TBO Korea Holdings Limited and up to 4,659,757 Equity Shares by Augusta TBO (Singapore) Pte. Ltd. (together referred to as the “Investor Selling Shareholders”). (The Promoter Selling Shareholders and Investor Selling Shareholders, together referred to as the “Selling Shareholders”)

The Offer includes a reservation of up to ₹ 30 million [₹ 3 crore] for subscription by eligible employees (“Employee Reservation Portion”).

The Equity Shares are being offered through the red herring prospectus dated April 28, 2024 (“Red Herring Prospectus” or “RHP”) filed with the Registrar of Companies, Delhi and Haryana at New Delhi (“RoC”).