MUMBAI: SNVA Traveltech Limited, which runs the online travel platform Travomint, has filed its Updated Draft Red Herring Prospectus-I (UDRHP-I) for its proposed initial public offering (IPO).
The IPO is entirely an Offer for Sale (OFS) of up to 12.75 crore equity shares of face value ₹1 each. Promoters Alok Kumar Singh and Vivek Kumar Singh will each sell up to 6.38 crore shares.
The company had filed its draft papers with the Securities and Exchange Board of India (Sebi) through the confidential route on March 29, 2026, and received the regulator’s approval on August 6, 2026.
Hybrid travel model
SNVA Traveltech is an asset-light online travel agency. Through its Travomint website and app, customers can book flights, hotels, airport transfers, travel insurance, car rentals and holiday packages on domestic and international routes.
It combines online booking with phone, email and messaging support from multilingual teams in India, aimed mainly at cross-border travellers. Set up in 2017 with a focus on air ticketing, it has subsidiaries in Dubai, the US, the UK and Singapore, and served customers in more than 50 countries as of August 31, 2026.
Its booking engine connects to global distribution systems through APIs, and it uses in-house CRM and AI-enabled tools for fare discovery, route planning, fraud detection and price forecasting. Its technology team has 67 members.
Revenue up nearly five times
Revenue from operations rose from ₹37.94 crore in FY24 (standalone) to ₹189.11 crore in FY26 (consolidated), a CAGR of about 123%. EBITDA grew from ₹21.20 crore to ₹89.89 crore over the same period. For the April–June 2026 quarter, revenue stood at ₹51.27 crore.
Gross transaction value jumped from ₹506.24 crore in FY24 to ₹2,486.35 crore in FY26, and was ₹612.68 crore in the June quarter.
Citing a Frost & Sullivan report, the company said it had the highest EBITDA and PAT margins and the fastest revenue growth among the peers it considered for FY26. The report projects the global travel and tourism market to grow from $1,796.6 billion in 2025 to $2,257.16 billion by 2030.
Equirus Capital and Anand Rathi Advisors are the book running lead managers to the issue.