SNVA Traveltech IPO
SNVA Traveltech IPO — date, issue size, SEBI status & UDRHP details 2026
SNVA Traveltech filed its updated draft red herring prospectus (UDRHP) with SEBI on 9 Nov 2026, the public version of a draft it first filed confidentially, for an IPO of an offer for sale of up to 12,75,25,000 shares. SEBI has issued its observations on the confidential draft, which clears the IPO for launch within 12 months. The price band, lot size and IPO dates are not announced yet.
SNVA Traveltech runs the online travel platform Travomint, which sells flights, hotels and holiday packages in more than 50 countries. Revenue from operations grew from Rs 37.94 crore in FY2024 to Rs 189.11 crore in FY2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the UDRHP filed with SEBI
Where the SNVA Traveltech IPO stands
From draft to listing. Today is 11 November 2026.
- UDRHP filed 09 Nov 2026
- SEBI observations Done
- RHP & price band TBA
- Bidding TBA
- Listing TBA
| UDRHP filed with SEBI | 9 Nov 2026 |
|---|---|
| SEBI status | SEBI approved |
| RHP, price band & dates | Not announced |
Latest news
Our news coverage of SNVA Traveltech, newest first.
SNVA Traveltech IPO details
The offer as the UDRHP describes it. Terms can change in the RHP.
| Issue type | Offer for sale only |
|---|---|
| Filing route | Confidential pre-filing with SEBI, then the public UDRHP |
| Fresh issue | None |
| Offer for sale | Up to 12,75,25,000 shares |
| Total issue size | Depends on the price band |
| Face value | ₹1 per share |
| Proposed listing | BSE, NSE |
| Price band | Not announced (comes with the RHP) |
| Lot size | Not announced |
| IPO dates | Not announced |
| Book running lead managers | Equirus Capital Limited, Anand Rathi Advisors Limited |
| Registrar | KFin Technologies Limited |
Who is selling in the offer for sale
| Selling shareholder | Type | Offering | Avg. cost / share |
|---|---|---|---|
| Alok Kumar Singh | Promoter | Up to 6,37,62,500 shares | Rs 0.01 |
| Vivek Kumar Singh | Promoter | Up to 6,37,62,500 shares | Rs 0.01 |
Both promoters hold their shares at a weighted average cost of Rs 0.01 per share, and neither acquired shares in the last one year.
Strengths & risks
The case for and against, from the UDRHP's own numbers and risk factors.
Strengths · 7
- 01Revenue from operations rose from Rs 37.94 crore in FY2024 to Rs 189.11 crore in FY2026, and profit after tax rose from Rs 15.11 crore to Rs 70.81 crore.
- 02EBITDA margin was 47.53% in FY2026 and PAT margin was 36.21%, which are high margins for a travel booking business.
- 03The company had no borrowings at 31 March 2026, against total borrowings of Rs 4.40 crore at 31 March 2025.
- 04Net cash flow from operating activities was Rs 52.49 crore in FY2026, close to the profit of Rs 70.81 crore, so profit is being backed by cash.
- 05Ancillary services such as class and seat upgrades gave Rs 50.18 crore, or 26.53% of revenue from operations, in FY2026.
- 06Gross transaction value was Rs 2,486.35 crore in FY2026 against Rs 1,363.14 crore in FY2025, with 0.53 million bookings in FY2026.
- 07The company serves customers in more than 50 countries and has subsidiaries in the UAE, USA, UK and Singapore.
Risks · 9
- 01The top 5 travel partners gave 98.13% of revenue from operations in FY2026 and 97.23% in FY2025, so losing a partner could hurt revenue.
- 02The company mostly earns from air ticketing, so airline disruptions, weak demand or loss of inventory access would affect revenue directly.
- 03The Dubai subsidiary, SNVA Travel and Tours L.L.C., gives a significant part of revenue, and the document flags geopolitical risk in the Middle East.
- 04A significant part of revenue comes from North America, so travel demand or rule changes there could affect results.
- 05Some subsidiaries have made losses in the past, and the document mentions going concern uncertainties for some of them.
- 06The whole offer is an offer for sale of up to 12,75,25,000 shares, so the company receives no money from the IPO.
- 07The two promoters, who are also the only selling shareholders, will sell 6,37,62,500 shares each at a weighted average cost of Rs 0.01 per share.
- 08The company depends on third-party systems such as GDS, APIs and payment gateways, and its trademark applications are pending approval.
- 09One other material proceeding is pending against a subsidiary, and the amount involved is unascertainable.
SNVA Traveltech financials
Restated figures in ₹ crore, as reported in the UDRHP.
| ₹ crore | 30 Jun 2026 | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|---|
| Revenue from Operations | 51.27 | 189.11 | 119.59 | 37.94 |
| EBITDA | 26.86 | 89.89 | 52.74 | 21.20 |
| Profit After Tax | 23.44 | 70.81 | 40.77 | 15.11 |
| Net Worth | 162.23 | 138.97 | 67.79 | 27.08 |
| Total Borrowing | 0.00 | 0.00 | 4.40 | 0.19 |
Key ratios (FY26)
P/E and market capitalisation need the price band and are added when the RHP is out.
Where the IPO money goes
How SNVA Traveltech plans to use the fresh issue proceeds.
About SNVA Traveltech
The company calls itself a hybrid OTA. Some customers book on the Travomint website. Others prefer to talk to a service support staff member, and the company handles those bookings through call sessions. In the three months ended 30 June 2026, the platform visits and call sessions together were 4.20 million.
Air ticketing is the main source of revenue. The company also sells hotel stays, holiday packages, car rentals, airport transfers and travel insurance. On top of ticket sales it earns ancillary revenue from class upgrades, seat upgrades, date changes, flight changes, cancellations and pet additions. Ancillary revenue was Rs 50.18 crore in FY2026, or 26.53% of revenue from operations.
As of 31 August 2026, the company serves customers in more than 50 countries, with key markets in North America, South America and Europe. It accepts payments in over 150 currencies. It has subsidiaries in the UAE, USA, UK and Singapore. Its Dubai subsidiary, SNVA Travel and Tours L.L.C., gives it a significant part of its revenue.
The company works with a small set of travel partners, meaning the airlines and suppliers whose inventory it sells. Its top 5 travel partners gave 98.13% of revenue from operations in FY2026. Its offices and the offices of its subsidiaries are all on leasehold basis. From 1 April 2025 it reports a single segment, Travel Related Service Operations.
The industry
The industry report by F&S says the global online travel agency market was USD 680.00 Bn in 2024 and USD 708.33 Bn in 2025. It is projected to reach USD 1,015.72 Bn by 2030, a CAGR of 7.47% from 2025 to 2030. The wider global travel and tourism market is projected to grow from USD 1,796.60 Bn in 2025 to USD 2,257.16 Bn by 2030, a CAGR of 4.67%.
Customer concentration: Top 5 travel partners gave 98.13% of revenue from operations in FY2026 (97.23% in FY2025 and 94.02% in FY2024).
Promoters & management
Alok Kumar Singh holds 50.00% and Vivek Kumar Singh holds 49.95% before the offer.
| Name | Role |
|---|---|
| Alok Kumar Singh | Chairman and Managing Director |
| Vivek Kumar Singh | Whole-Time Director |
| Davinder Maan | Whole-Time Director and Chief Technology Officer |
| Sanjay Kumar Gupta | Chief Financial Officer |
| Nishant Rastogi | Company Secretary and Compliance Officer |
The bankers & the filings
Who is running the issue, and the SEBI documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Equirus Capital Pvt.Ltd.
34 issues handledBest listing: G R Infraprojects (+105.0%). Weakest: Metro Brands (-12.6%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
SNVA Traveltech IPO: frequently asked
When will the SNVA Traveltech IPO open?
The SNVA Traveltech IPO dates are not announced yet. SEBI has issued its observations on the confidential draft, which clears the IPO for launch within 12 months. The company announces the dates and price band after it files its red herring prospectus (RHP) with the Registrar of Companies, usually a week or two before bidding opens. This page switches to the full IPO page with dates, price band and lot size as soon as that happens.
What is the SNVA Traveltech IPO price band?
The price band is not announced yet. It is set by the company and its lead managers and published with the RHP, a few days before the issue opens. The DRHP fixes only the face value of ₹1 per share.
How big is the SNVA Traveltech IPO?
SNVA Traveltech filed its updated draft red herring prospectus (UDRHP) with SEBI on 9 Nov 2026, the public version of a draft it first filed confidentially, for an IPO of an offer for sale of up to 12,75,25,000 shares. The final size in rupees depends on the price band.
Has SEBI approved the SNVA Traveltech IPO?
SEBI has issued its observations on the confidential draft, which clears the IPO for launch within 12 months. SEBI observations are valid for 12 months; the IPO has to open within that window or the company must file again.
What is the SNVA Traveltech IPO GMP?
There is no grey market premium to report before the price band is announced. IPO Guru starts tracking the SNVA Traveltech IPO GMP once the RHP and price band are out.
What will SNVA Traveltech do with the IPO money?
As per the UDRHP: Offer for sale by the selling shareholders; the company receives no proceeds.
Who are the lead managers of the SNVA Traveltech IPO?
The book running lead managers are Equirus Capital Limited, Anand Rathi Advisors Limited. KFin Technologies Limited is the registrar.
Is SNVA Traveltech profitable?
Yes. Profit after tax was Rs 70.81 crore in FY2026, Rs 40.77 crore in FY2025 and Rs 15.11 crore in FY2024, with a PAT margin of 36.21% in FY2026.
Who owns SNVA Traveltech?
The promoters Alok Kumar Singh (50.00%) and Vivek Kumar Singh (49.95%) own nearly all of the company before the offer.
Will SNVA Traveltech get money from the IPO?
No. The offer is entirely an offer for sale of up to 12,75,25,000 shares by the two promoters, so the proceeds go to them.
Other companies in the IPO pipeline
Mainboard companies with drafts filed with SEBI, same bankers first.
Know the day the price band is out.
We track every mainboard draft from SEBI filing to listing. When SNVA Traveltech files its RHP, this page becomes the full IPO page with dates, price band, lot size, GMP and subscription.
Not investment advice. Figures are from the company's draft offer document filed with SEBI and may change in the RHP.
