SNVA Traveltech Takes Major Step Toward IPO with Submission of Updated DRHP.

SNVA Traveltech, which operates the online travel platform Travomint, has recently filed an updated draft prospectus for its forthcoming IPO. This offering consists entirely of an offer for sale (OFS) of up to 12.75 crore shares owned by the promoters, Alok Kumar Singh and Vivek Kumar Singh. Since this is an OFS, the company itself will not generate any revenue from the IPO; the proceeds will instead go to the selling shareholders based on the quantity of shares sold. Detailed pricing and other specifics will be made available only with the release of the red herring prospectus (RHP).

In terms of performance, SNVA Traveltech has shown encouraging growth, with FY26 revenues reaching ₹189.11 crore, representing a 58.1% increase from ₹119.59 crore in FY25. Profit after tax also saw a significant rise, climbing 73.7% to ₹70.81 crore. The EBITDA margin improved, standing at 47.53%, indicating a robust operational efficiency. The company primarily focuses on cross-border travel services, including air ticket booking, hotels, and more, providing a comprehensive service for travelers.

For Indian investors, the absence of capital infusion into the company could raise some questions about its growth potential post-listing. However, SNVA Traveltech’s consistent revenue growth and increasing profitability present a promising outlook for potential investors. As this IPO moves through SEBI’s review stage and prepares for the RHP, market sentiment and grey market activity will be key indicators to watch for those considering participation in the issue.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)