SNVA Traveltech Ltd., the parent company of online travel platform Travomint, has filed an Updated Draft Red Herring Prospectus-I (UDRHP-I) with SEBI for its proposed initial public offering. The issue comprises an offer for sale of up to 12.75 crore equity shares by the company’s promoters, Alok Kumar Singh and Vivek Kumar Singh.
The proposed offering does not include a fresh issue of shares. Consequently, SNVA Traveltech will not receive proceeds from the IPO, with the proceeds going to the selling shareholders. The company operates an online travel platform providing flight bookings, hotel reservations, airport transfers, travel insurance and related services.
Its FY26 revenue from operations increased 58.1% to Rs.189.11 crore, while net profit rose 73.7% to Rs.70.81 crore. EBITDA increased 70.4% to Rs.89.89 crore. The IPO opening date and price band have not yet been announced.
Source: The Economic Times – SNVA Traveltech Updates IPO Papers.
