SNVA Traveltech files updated draft papers with Sebi for IPO

New Delhi, Nov 6 (PTI) SNVA Traveltech Ltd, the operator of online travel platform Travomint, has filed updated draft papers with market regulator Sebi for its initial public offering (IPO).

     The proposed IPO is entirely an offer for sale (OFS) of up to 12.75 crore equity shares by promoters, according to the draft red herring prospectus-I (UDRHP-I) dated November 5.

    Under the OFS, Alok Kumar Singh and Vivek Kumar Singh will each offload up to 6.38 crore shares.

    The company had confidentially filed its draft papers with the Securities and Exchange Board of India (Sebi) on March 29, and received the regulator's approval on August 6.

     Established in 2017, SNVA Traveltech operates as an asset-light online travel agency (OTA) through its Travomint website and mobile application. It offers booking services for flights, hotels, airport transfers, travel insurance, car rentals and customised holiday packages across domestic and international routes.

    To expand its international presence, the company acquired four subsidiaries, including a wholly owned entity in Dubai and step-down subsidiaries in the US, the UK and Singapore. As of August 31, 2026, it served end-use customers in more than 50 countries.

    The company's gross transaction value (GTV) increased to Rs 2,486.35 crore in FY26 from Rs 506.24 crore in FY24. It stood at Rs 612.68 crore in the April-June quarter of FY27.

    Equirus Capital and Anand Rathi Advisors are the book-running lead managers to the issue, while KFin Technologies is the registrar.

(This story has not been edited by THE WEEK and is auto-generated from PTI)