India, May 4 -- B2B travel portal Travel Boutique Online or TBO Tek has set a price band of INR 875-INR 920 per equity share for its initial public offering (IPO).

The IPO will open on Wednesday (May 8) and close on Friday (May 10). The anchor investor bidding for TBO Tek's IPO is set to open on Tuesday (May 7).

About 75% of the IPO is reserved for qualified institutional buyers (QIBs), 15% for non-institutional investors (NIIs), and 10% for retail investors. Investors can place bids for a minimum of 16 equity shares and in multiples of that thereafter.

TBO Tek received a go-ahead for its IPO from the Securities and Exchange Board of India (SEBI) last week. The public offer comprises a fresh issue of shares of up to INR 400 Cr and an o...