TBO Tek’s Rs 1,551-crore initial public offering (IPO) continued to receive strong investor response entering the third and final day on May 10 as the issue was subscribed over nearly 86.70 times. Investors have bid for 80.50 crore equity shares as against 80.50 lakh shares on offer.

NIIs showed interest in the offer, buying nearly 50.60 times their allotted quota. QIBs picked up over 125 times the portion reserved for them. Retail investors nearly 26 times the portion set aside for them.

The travel distribution platform, on May 7, mobilised Rs 696.51 crore through the anchor book. It has allocated 75,70,807 equity shares to anchor investors at a price band of Rs 920 per equity share, data showed.

Global investors such as Abu Dhabi Investment Authority, Government Pension Fund Global, Neuberger Berman Investment Funds, Nomura Funds, Blackrock Global Funds, Fidelity Funds, Goldman Sachs, HSBC Global, and Eastspring Investments took part in the anchor book offering.