12-11-2026 12:00:00 AM
Metro India News | Hyderabad : SNVA Traveltech Limited, the parent company of online travel platform 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 issue comprises an Offer for Sale of up to 12.75 crore equity shares of Rs 1 each. Promoters Alok Kumar Singh and Vivek Kumar Singh will each sell up to 6.37 crore shares. The company confidentially submitted its draft papers on March 29, 2026, and received SEBI's approval on August 6.
Established in 2017, SNVA Traveltech operates an asset-light online travel agency through Travomint's website and mobile application. It offers bookings for flights, hotels, airport transfers, travel insurance, car rentals and customized holiday packages. Its technology platform integrates global distribution systems and travel partners through APIs, while AI-enabled tools support fare discovery, route planning, bookings, fraud detection and price forecasting.
Frost & Sullivan projects global travel and tourism to reach $2,257.16 billion by 2030, while air passenger traffic is expected to touch 6.81 billion. Equirus Capital and Anand Rathi Advisors are the book-running lead managers.