SNVA Traveltech, which operates the online travel platform Travomint, has filed its Updated Draft Red Herring Prospectus-I (UDRHP-I) with the Securities and Exchange Board of India (Sebi) for its proposed initial public offering (IPO).




The proposed public issue comprises entirely of an offer for sale (OFS) of up to 127,525,000 equity shares with a face value of Rs 1 each by the company's promoters, Alok Kumar Singh and Vivek Kumar Singh. The IPO will not include a fresh issue of equity shares.




Since the issue is entirely an offer for sale, the company will not receive any proceeds from the public offering. The proceeds, net of offer-related expenses to be borne by the selling shareholders, will be distributed among them in proportion to the shares sold by each.




“Our Company will not receive any portion of the Offer Proceeds and all such Offer Proceeds (net of any Offer related expenses to be borne by the Selling Shareholders) will go to the Selling Shareholders, in proportion to the Offered Shares sold by the respective Selling Shareholder as part of the Offer,” said the company in its UDRHP.



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has been appointed as the registrar to the issue, while Limited (formerly known as Equirus Capital Private Limited) and Anand Rathi Advisors Limited are the book-running lead managers.




SNVA Traveltech is a technology-driven, asset-light (OTA) platform offering global travel booking solutions, with its primary business focused on air ticket bookings. Through its digital platform Travomint, the company enables customers to search, compare and book flights, hotels and other travel-related services, including airport transfers, travel insurance, car rentals and customised holiday packages across domestic and international routes. The company follows a cross-border-focused business model, serving travellers across geographies through a combination of online bookings and concierge support teams based in India.




On the financial front, SNVA Traveltech reported a consolidated profit after tax (PAT) of Rs 70.81 crore in FY26, compared with Rs 40.77 crore in FY25, registering a year-on-year growth of 73.7%.




Revenue from operations increased 58.1% to Rs 189.11 crore in FY26 from Rs 119.59 crore in the previous fiscal.




The company's earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 70.4% to Rs 89.89 crore in FY26 from Rs 52.74 crore in FY25.




Its EBITDA margin also improved to 47.53% in FY26 from 44.10% in FY25.



Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers