Nov 08: SNVA Traveltech Limited, an online travel company offering travel booking solutions through its digital platform and service support channels, has filed its Updated Draft Red Herring Prospectus-I (UDRHP-I) for its proposed initial public offering.

The proposed offer comprises an Offer for Sale of up to 127,525,000 equity shares of face value ₹1 each. Promoters and selling shareholders Alok Kumar Singh and Vivek Kumar Singh propose to offer up to 63,762,500 equity shares each.

The company confidentially filed its draft papers with the Securities and Exchange Board of India (Sebi) on March 29, 2026, and received the regulator’s go-ahead on August 06, 2026.

SNVA Traveltech is a technology-driven, asset-light online travel agency (OTA) offering global travel booking solutions through its “Travomint” website and mobile application. Customers can search, compare and book flights, hotels and related services such as airport transfers, travel insurance, car rentals and bespoke holiday packages, on both domestic and international routes.

The company follows a hybrid model that combines online booking with assisted support from multilingual teams in India. These teams are reachable by phone, email and digital messaging platforms, and cater especially to cross-border travellers who need personalised, human-centric assistance.

Established in 2017, the company initially focused on air ticketing and gradually expanded into its current range of services. To support this growth and its entry into new geographies, it restructured internally and acquired four subsidiaries: a wholly owned subsidiary in Dubai, acquired from the Promoters, and step-down subsidiaries in the United States of America (USA), the United Kingdom (UK) and Singapore. These entities have helped the company streamline its business processes, access new customer segments and improve service delivery. As of August 31, 2026, it served end-use customers in more than 50 countries.

The company’s technology infrastructure integrates its booking engine with global distribution systems and travel partners through APIs. It uses internally developed customer relationship management tools and AI-enabled tools for fare discovery, route planning, booking execution, fraud detection and price forecasting. As of August 31, 2026, the technology team comprised 67 professionals and the company reported 100% uptime for its digital platform and core systems.

Through its structured approach to providing comprehensive travel solutions, the company recorded an increase in its Revenue from Operations from ₹379.41 million in Fiscal 2024 on a standalone basis, to ₹1,891.09 million in Fiscal 2026, on a consolidated basis. During the three months ended June 30, 2026, revenue from operations stood at ₹512.68 million, on a consolidated basis. EBITDA increased from to ₹212.03 million in Fiscal 2024, on a standalone basis, to ₹898.85 million in Fiscal 2026, on a consolidated basis. As per the F&S Report, the company had the highest EBITDA and PAT margins among the peer set considered for Fiscal 2026. It also demonstrated the highest revenue growth trajectory from Fiscal 2024 to Fiscal 2026, recording a CAGR of approximately 123.26% during this period.

The company’s gross transaction value increased from ₹5,062.35 million in FY24 to ₹24,863.50 million in FY26 and was ₹6,126.83 million for the three months ended June 30, 2026.

The travel and tourism industry is witnessing a shift towards digital platforms, driven by rising travel demand, increasing disposable incomes and consumer preference for convenient and seamless booking experiences. According to the Frost & Sullivan Report, the global travel and tourism market is projected to grow from USD 1,796.60 billion in 2025 to USD 2,257.16 billion by 2030, at a CAGR of 4.67%. Global air passenger traffic is also expected to increase from 5.22 billion in 2025 to 6.81 billion by 2030, at a CAGR of 5.46%.

Equirus Capital Limited and Anand Rathi Advisors Limited are the Book Running Lead Managers to the offer. KFin Technologies Limited is the registrar to the offer.