- 10 Sep, 2026
SNVA Traveltech Limited, the company behind Travomint, has crossed an important regulatory stage. It has received SEBI’s observations for its proposed IPO, bringing the company close to a public market debut. SEBI issued the observations on August 6, 2026, making SNVA Traveltech one of the nine companies to receive IPO-related regulatory observations during the August 3 to August 7 period.
SEBI’s processing records show that the regulator received SNVA Traveltech Limited's confidential pre-filing on April 2, 2026. The filing listed Equirus Capital Private Limited as the coordinating lead manager.
The IPO remains in the upcoming-issue stage, with several commercial terms yet to be announced. Investors will need the company's next public disclosures to assess the proposed valuation, issue structure and investment case.
SNVA Traveltech IPO: Latest Update at a Glance
|
Particular |
Current status |
|
Company |
|
|
Consumer platform |
Travomint |
|
Business |
Online travel platform/travel technology |
|
Incorporated |
February 2, 2017 |
|
IPO filing route |
Confidential pre-filing |
|
SEBI observation |
August 6, 2026 |
|
Coordinating lead manager |
Equirus Capital Private Limited |
|
Proposed listing |
NSE and BSE |
|
IPO structure |
Fresh issue + Offer for Sale (OFS), as currently reported |
|
IPO price band |
Not announced |
|
IPO size |
Not publicly disclosed |
|
Lot size |
Not announced |
|
IPO opening date |
Not announced |
|
Listing date |
Not announced |
How Did SNVA Traveltech Develop Before Its IPO?
SNVA Traveltech's pre-IPO development includes several milestones that changed the scale and structure of its business. Each stage expanded the company's operating capabilities and prepared the business for a wider international market.
2017: Travomint launches
SNVA entered online travel through Travomint, initially focused on travel bookings before adding more inventory categories, supplier connections, and markets.
2023: IATA accreditation and mobile expansion
In 2023, SNVA launched the Travomint Flight, Hotel & Car app for Android and iOS. It also received IATA accreditation, which enabled airline ticket issuance. During the same year, SNVA acquired the travel business of SNVA Ventures Private Limited through a slump sale.
2024: Conversion into a public company
SNVA Traveltech became a public limited company in 2024. This change came before its later move toward a public share offering.
2025: Supplier network and overseas entities expand
SNVA expanded its hotel inventory through third-party integrations and added flight inventory from airlines with international operations.
The company also acquired three overseas entities during Fiscal 2025:
- SNVA Travel and Tours LLC, Dubai: international bookings, payment flows and aggregator relationships
- SNVA Traveltech UK Limited, London: European operations and payment settlements
- SNVA Travel Pte. Limited, Singapore: Asia-Pacific operations and payment settlements
2026: US entity and metasearch partnership
SNVA added Travomint LLC in the United States during Fiscal 2026 to support its North American operations. The company also entered into a partnership with a metasearch platform during 2026.
What This Growth Means for SNVA's Next Phase
SNVA has expanded beyond flight bookings into a technology-led travel business combining online booking, GDS and API-based supplier connections, mobile applications and human-assisted service. Travomint connects with travel partners to access inventory, while SNVA supports customers through trained representatives and 24x7 multilingual assistance. The company reports operations across 50+ countries, support for 150+ currencies, a 60-member technology team and 250 trained service representatives. Its next phase focuses on expanding across North America, South America, Europe and the Middle East, supported by strategic acquisitions, global partnerships and further technology development.
SNVA Traveltech Financial Performance Before the IPO
SNVA Traveltech's reported consolidated total income increased from ₹184.81 crore in FY23 to ₹206.45 crore in FY24 and ₹322.58 crore in FY25. For the nine months ended December 31, 2025, total income stood at ₹236.50 crore.
Profit performance followed a different pattern. PAT increased from ₹32.10 crore in FY23 to ₹34.44 crore in FY24, before declining to ₹28.13 crore in FY25 despite the higher total income. In 9M FY26, PAT reached ₹38.69 crore, exceeding the full-year FY25 PAT.
|
Period |
Total Income |
PAT |
|
FY23 |
₹184.81 Cr |
₹32.10 Cr |
|
FY24 |
₹206.45 Cr |
₹34.44 Cr |
|
FY25 |
₹322.58 Cr |
₹28.13 Cr |
|
9M FY26 |
₹236.50 Cr |
₹38.69 Cr |
The figures show two different trends: total income increased through FY25, while PAT declined in FY25 before rising sharply in 9M FY26. This makes the latest nine-month performance worth tracking, but the FY25 profit decline also needs consideration. The final offer document should give investors more detail on the factors behind these changes and the sustainability of the latest earnings performance.
Source: Sensibook
Why Is SNVA Traveltech Going Public Now?
The company's exact use of IPO proceeds will become clearer when SNVA Traveltech publishes its updated offer document.
The final issue structure will show how much capital SNVA Traveltech receives through the fresh issue and how much of the offering represents an OFS by existing shareholders. Fresh-issue proceeds go to the company, while OFS proceeds go to the selling shareholders. The final offer document should therefore be checked for the amount allocated to business requirements and the portion representing shareholder sales.
The final offer document will show how SNVA plans to use the fresh-issue proceeds. Until those details are disclosed, investors should not assume that the IPO will fund a particular expansion, technology project or working-capital requirement
The OFS component also deserves attention. Investors can check which shareholders are selling, how many shares they intend to sell and what percentage of their holdings the sale represents. This can give more context to the ownership structure at the time of listing.
SNVA Traveltech IPO – Key Details
- Filing Date: SNVA Traveltech confidentially filed its draft IPO papers with SEBI and the stock exchanges between March 30 and April 2, 2026.
- SEBI Approval: The company received regulatory observations from SEBI on August 6, 2026, marking a key step toward the proposed public offering.
- Issue Structure: The proposed IPO is structured as a 100% Offer for Sale (OFS). Accordingly, the issue is not intended to raise fresh capital for the company; the proceeds from the OFS will accrue to the selling shareholders, subject to the final offer documents.
- Proposed Listing: The equity shares are proposed to be listed on both the National Stock Exchange of India (NSE) and the BSE (Bombay Stock Exchange).
- Book Running Lead Manager: Equirus Capital Limited is acting as the Book Running Lead Manager for the proposed IPO.
- Pending Details: The company has not yet officially announced the IPO launch date, price band, or minimum lot size. These details are expected to be disclosed closer to the launch through the relevant offer documents and official announcements.







