Travelstack Tech Ltd. IPO Details
Travelstack Tech was incorporated on April 2, 2014. The platform enables enterprises to manage bookings, approvals, expenses, and end-to-end travel support, helping optimize costs and improve policy compliance. While hotels are the core focus, it also integrates flights, ground transport, and event services in one unified solution
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 26.9 M | - | - | ₹2,500.0 M | DRHP DOC |
Travelstack Tech issue details
Travelstack Tech has 26.9 M shares on offer
Travelstack Tech IPO issue size is ₹ 2,500.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 10% | 15% | 75% |
Travelstack Tech IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Travelstack Tech NUMBER OF SHARES ON OFFER
Travelstack Tech FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| H1FY26 | 400.4 | 32.2 | -11.3 | -11.3 | 1.9% |
| FY25 | 716.3 | -6.3 | -18.4 | -19.9 | 2.2% |
| FY24 | 547.8 | -114.1 | -55.1 | -55.9 | -0.8% |
| FY23 | 411.3 | -92.8 | -9.5 | -9.9 | -0.7% |
Travelstack Tech INFORMATION ON IPO ISSUE
About Travelstack Tech
Travelstack Tech was incorporated on April 2, 2014. The platform enables enterprises to manage bookings, approvals, expenses, and end-to-end travel support, helping optimize costs and improve policy compliance. While hotels are the core focus, it also integrates flights, ground transport, and event services in one unified solution
Object of the Issue
- Part-funding the working capital requirements of the company
- Repayment and / or prepayment, in full or in part, of certain borrowings availed by the company
- General corporate purposes
Travelstack Tech - PROMOTERS
| Name |
|---|
| Vaibhav Aggarwal |
| Adarssh Mnpuria |
Travelstack Tech - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Vaibhav Aggarwal | Managing Director & Chief Executive Officer |
| Adarssh Mnpuria | Whole-Time Director & Chief Financial Officer |
| Rikin Milan Kapadia | Non-Executive Nominee Director |
| Vanaja N Sarna | Independent Director |
| Deepak Tuli | Independent Director |
| Sumith Ramrao Kamath | Independent Director |
Travelstack Tech Book Running Lead Managers
Motilal Oswal Investment Advisors Limited
travelplus.ipo@motilaloswal.com
IIFL Capital Services Limited
travelplus.ipo@iiflcap.com
Nuvama Wealth Management Limited
travelplus.ipo@nuvama.com
Travelstack Tech Registrar to the Offer
MUFG Intime India Private Limited
travelstacktech.ipo@in.mpms.mufg.com
Travelstack Tech Strengths
Comprehensive technology platform
TravelPlus operates on a proprietary technology platform designed for corporate hotel booking management, enabling rapid customization, new feature development, and scalable operations. The company has invested significantly in enterprise-grade technology, supported by a 53-member technology team as of September 30, 2025
Deep operational expertise
The company’s competitive strength comes from over ten years of operational experience managing FabHotels, giving it deep supplier relationships and strong service assurance capabilities. This operator-led approach enables active supervision of hotel inventory, ensuring reliable service across its managed marketplace at scale
Hotels-focused travel platform
TravelPlus is India’s largest hotels-focused corporate travel management platform, serving 474 enterprises through a managed marketplace of over 25,000 hotels with strong customer satisfaction. Its platform delivers end-to-end, enterprise-grade travel automation, including policy management, approvals, GST-compliant billing, analytics, expense management, and ERP/HRMS integration
Travelstack Tech Risks
Competition
The company operates in a highly competitive Indian travel industry, facing competition from traditional travel managers and online platforms. Stronger competitors with greater resources, brand recognition, or reach may affect its ability to attract and retain clients, impacting business and financial performance
Seasonal business
The company’s business is subject to seasonality driven by corporate travel patterns, with stronger demand typically in the second half of the fiscal year. Fluctuations due to budget cycles, festivals, peak travel seasons, and economic or political conditions may impact revenues and operating results
Operational risks
Failure to provide high-quality client support could adversely impact the company’s business, cash flows, and financial performance. Enterprise clients rely on timely issue resolution for travel bookings and platform use, and any shortcomings in support may affect customer satisfaction and retention
IPO FAQs
The promoters of the company are Vaibhav Aggarwal and Adarssh Mnpuria.
The category allocation of qualified institutional buyers is 75.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 10.0%.