SNVA Traveltech Limited (Travomint) Files UDRHP-I with SEBI for Initial Public Offering

SNVA Traveltech Limited, an online travel company operating under the brand name “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 offer comprises an Offer for Sale (OFS) of up to 127,525,000 equity shares with a face value of ₹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 SEBI on March 29, 2026, and received the regulator’s go-ahead on August 06, 2026. Equirus Capital Limited and Anand Rathi Advisors Limited serve as the Book Running Lead Managers to the offer.

Business Model, Global Footprint, and Technology Infrastructure:
Established in 2017, SNVA Traveltech is a technology-driven, asset-light online travel agency (OTA) offering global travel booking solutions through its website and mobile application. The platform provides flights, hotels, airport transfers, travel insurance, car rentals, and bespoke holiday packages on domestic and international routes. The company operates a hybrid model combining online bookings with assisted support from multilingual teams reachable via phone, email, and digital messaging, catering especially to cross-border travelers. To support its geographic expansion, the company acquired four subsidiaries: a wholly-owned subsidiary in Dubai acquired from the promoters, along with step-down subsidiaries in the United States, the United Kingdom, and Singapore, serving end-use customers in more than 50 countries as of August 31, 2026. Its proprietary technology infrastructure integrates global distribution systems via APIs and utilizes internally developed CRM and AI-enabled tools for fare discovery, route planning, fraud detection, and price forecasting, supported by a 67-member technology team maintaining 100% platform uptime.

Financial Growth, Margins, and Industry Outlook:
The company has demonstrated robust financial performance and growth metrics:

Revenue from Operations: Grew from ₹379.41 million in Fiscal 2024 (standalone basis) to ₹1,891.09 million in Fiscal 2026 (consolidated basis), standing at ₹512.68 million for the three months ended June 30, 2026.

EBITDA & Margins: Increased from ₹212.03 million in Fiscal 2024 (standalone) to ₹898.85 million in Fiscal 2026 (consolidated). According to the Frost & Sullivan Report, the company recorded the highest EBITDA and PAT margins among its peer set for Fiscal 2026, alongside a leading revenue compound annual growth rate (CAGR) of approximately 123.26% from FY24 to FY26.

Gross Transaction Value (GTV): Rose from ₹5,062.35 million in FY24 to ₹24,863.50 million in FY26, and reached ₹6,126.83 million for the quarter ended June 30, 2026.

Market Projection: The global travel and tourism market is projected to expand from USD 1,796.60 billion in 2025 to USD 2,257.16 billion by 2030 at a 4.67% CAGR, while global air passenger traffic is expected to grow from 5.22 billion to 6.81 billion over the same period at a 5.46% CAGR.