India, May 8 -- The initial public offering (IPO) of B2B travel portal Travel Boutique Online or TBO Tek was subscribed 1.15X on the first day of bidding on Wednesday (May 8).

According to BSE data, the public issue received bids for 1.06 Cr as against 92.85 Lakh shares on offer. Subscriptions for the IPO will close on May 10.

The IPO saw the greatest interest from retail investors, who placed bids for 52.75 Lakh shares as against the 16.82 Lakh shares reserved for them, resulting in a 3.14X subscription.

Non-institutional investors' (NIIs) quota was oversubscribed 2.08X, with the investors placing bids for 52.59 Lakh shares against 25.23 Lakh shares reserved for them. However, the qualified institutional buyers (QIBs) portion saw a 0....