Journey expertise firm Travelstack Tech has filed a draft pink herring prospectus (DRHP) with the Securities and Alternate Board of India (SEBI) to boost funds via an preliminary public providing (IPO).

In keeping with the DRHP, the proposed IPO includes a recent situation of fairness shares value as much as Rs 250 crore and a proposal on the market (OFS) of 26,852,969 fairness shares.

The OFS will see promoters Vaibhav Aggarwal and Adarssh Mnpuria, together with a clutch of current traders, pare their holdings. These embody Accel India IV (Mauritius) Ltd, World Personal Alternatives Companions II LP and its offshore holding entity, Panthera Progress II and Panthera Progress Fund II VCC, PGP India Progress Fund I, Qualcomm Asia Pacific Pte Ltd, XTO10X Mauritius, and Shaadi.com founder Anupam Mittal. Goldman Sachs-backed entities are additionally collaborating within the OFS via their non-public fairness funds.

The corporate plans to make use of proceeds from the recent situation to fund working capital necessities, repay or prepay sure borrowings, and meet basic company bills.

Motilal Oswal Funding Advisor, Nuvama Wealth Administration, and IIFL Capital Providers are the book-running lead managers to the difficulty, whereas MUFG Intime India has been appointed because the registrar.

Travelstack Tech operates TravelPlus, which it describes as India’s largest hotel-focused company journey administration platform for enterprise shoppers by income in FY25. The platform allows enterprises to e-book journey, handle approvals, course of bills, and obtain end-to-end assist throughout the journey lifecycle. Whereas motels stay its core focus, TravelPlus additionally provides options for flights, floor transportation, and MICE journey.

Within the first half of FY26, TravelPlus served 474 enterprise shoppers, together with greater than 100 NSE-listed firms and over 50 multinational companies. Its shopper roster contains firms resembling Everlasting, together with Blinkit and different group entities, Astral, Emcure Prescription drugs, Comviva, Jyothy Labs, AB InBev, NIIT, Tata Tasks, Titan Firm, Shalimar Paints, Zepto, Ujjivan Small Finance Financial institution, Infra.Market, and UnifyApps.

As of September 30, 2025, greater than 100 lively enterprise shoppers had embedded their company journey insurance policies on TravelPlus, masking over 1.2 lakh staff. The platform operates via a managed market of over 25,000 lively motels throughout India, spanning premium and economic system segments.

FabHotels, launched in 2014, is a funds resort chain providing standardised and inexpensive lodging. Travelstack can be the mum or dad of FabHotels and the just lately launched value-segment resort model Through.

As of September 30, 2025, the corporate operated 1,379 properties beneath the FabHotels and Through manufacturers.

“To serve distinct buyer teams and optimise stock inside this section, we preserve a strategic asset gentle private-label portfolio comprising FabHotels and Through manufacturers, which cumulatively included 1,379 onboarded properties as of September 30, 2025,” the DRHP stated.

On the monetary entrance, Travelstack turned worthwhile forward of submitting its DRHP. The corporate reported a internet revenue of Rs 32.2 crore within the six months ended September 30, 2025, with working income of Rs 400.4 crore and whole bills of Rs 409.6 crore. The revenue was aided by a deferred tax acquire of Rs 37.4 crore, with out which the corporate would have reported a loss in the course of the interval.

In FY25, Travelstack lowered its internet loss by 95% to Rs 6.3 crore from Rs 114.1 crore in FY24. Working income rose 31% year-on-year to Rs 716.4 crore,