SNVA Traveltech Refiles Updated Draft IPO Papers with SEBI for 12.75 Crore Share OFS
SNVA Traveltech Limited, the parent entity behind online travel platform Travomint, has submitted an Updated Draft Red Herring Prospectus-I (UDRHP-I) to the Securities and Exchange Board of India (SEBI) for its proposed Initial Public Offering (IPO).
The company had initially taken the confidential filing route, lodging its draft papers with SEBI on March 29, 2026, and receiving the market regulator’s observations on August 6, 2026. The updated filing sets the stage for Travomint's market debut on Dalal Street.
Issue Structure and Promoters' Exit
The upcoming public offering does not feature any fresh issue of shares, making it an entirely secondary transaction.
Key details of the offering structure include:
- The issue consists purely of an Offer for Sale (OFS) of up to 12,75,25,000 equity shares having a face value of ₹1 each.
- Promoters Alok Kumar Singh and Vivek Kumar Singh will offload up to 6,37,62,500 shares each, collectively parting with a 25% stake in the enterprise.
- Both promoters disclosed a weighted average cost of acquisition of ₹0.01 per share.
- Since no fresh issue is included, SNVA Traveltech will not receive any proceeds from the IPO; all net funds after offer expenses will accrue to the selling promoters.
The price band, aggregate issue size in rupee terms, and opening dates are yet to be disclosed and will be determined closer to the launch in the final Red Herring Prospectus. Equirus Capital Limited and Anand Rathi Advisors Limited are acting as the book-running lead managers, while KFin Technologies has been appointed as the registrar to the issue.
Financial Profile and Operational Growth
SNVA Traveltech operates an asset-light online travel agency (OTA) model catering primarily to flight reservations alongside hotels, airport transfers, car rentals, travel insurance, and holiday packages.
Its disclosures in the updated draft papers highlight notable operational and financial momentum:
- Revenue: Consolidated revenue from operations jumped 58.1% year-on-year to ₹189.11 crore in FY26, up from ₹119.59 crore in FY25. Standalone revenue stood at ₹37.94 crore in FY24, reflecting a compound annual growth rate (CAGR) of 123.26% between FY24 and FY26.
- Profitability: Consolidated profit after tax (PAT) rose 73.7% to ₹70.81 crore in FY26 compared to ₹40.77 crore in FY25.
- Operating Margins: Earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 70.4% to ₹89.89 crore in FY26 from ₹52.74 crore in FY25, driving EBITDA margins up to 47.53%.
- Gross Transaction Value (GTV): The company’s GTV climbed from ₹506.24 crore in FY24 to ₹2,486.35 crore in FY26. In the first quarter of FY27 (April–June), GTV reached ₹612.68 crore.
- Volume: Booking volumes nearly doubled to 5.3 lakh transactions in FY26 from 2.8 lakh in FY25, with an average transaction value of ₹47,079.
Business Focus and Global Footprint
Founded in 2017, the company has expanded its operations beyond the domestic market by establishing four international arms, including a wholly owned subsidiary in Dubai along with step-down entities across Singapore, the UK, and the US. As of August 31, 2026, the company served cross-border travellers across more than 50 countries.
Despite offering diverse hospitality services, air ticketing remains the company's core revenue driver, generating ₹138.79 crore and accounting for 73.39% of total operational turnover in FY26. While the company's asset-light setup delivers significant margins, prospective Indian investors will be monitoring how the pure-OFS listing fares amidst broader market scrutiny on promoter exits and travel sector competition.
