SNVA Traveltech, an online travel company offering 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 (IPO). The proposed offer comprises an Offer for Sale of up to 127,525,000 equity shares with a face value of INR 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 approval on August 6, 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 customised holiday packages across domestic and international routes.
The company follows a hybrid model combining online bookings with assisted support from multilingual teams in India. These teams are accessible by phone, email and digital messaging platforms, catering particularly to cross-border travellers seeking personalised assistance. Established in 2017, the company initially focused on air ticketing before expanding its portfolio. To support its growth and entry into new markets, 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, the United Kingdom and Singapore. As of August 31, 2026, it served end-use customers in more than 50 countries.
SNVA Traveltech’s technology infrastructure integrates its booking engine with global distribution systems and travel partners through APIs. It also uses internally developed customer relationship management tools and AI-enabled solutions for fare discovery, route planning, booking execution, fraud detection and price forecasting. As of August 31, 2026, its technology team comprised 67 professionals, while the company reported 100% uptime for its digital platform and core systems.
The company recorded revenue from operations of INR 379.41 million in FY24 on a standalone basis, which increased to ₹1,891.09 million in FY26 on a consolidated basis. Revenue from operations stood at INR 512.68 million for the three months ended June 30, 2026, on a consolidated basis. EBITDA increased from INR 212.03 million in FY24 on a standalone basis to INR 898.85 million in FY26 on a consolidated basis. According to the Frost & Sullivan (F&S) Report, the company had the highest EBITDA and PAT margins among the peer group considered for FY26. It also recorded a revenue CAGR of approximately 123.26% between FY24 and FY26.
The company’s gross transaction value rose from INR 5,062.35 million in FY24 to INR 24,863.50 million in FY26 and stood at ₹6,126.83 million for the three months ended June 30, 2026. The filing comes amid increasing digital adoption in the travel and tourism industry, supported by rising travel demand, disposable incomes and consumer preference for convenient booking solutions. According to the F&S Report, the global travel and tourism market is projected to grow from US$1,796.60 billion in 2025 to US$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, registering a CAGR of 5.46%.