Travelstack Tech Files for ₹2.5 Billion IPO; Major Shareholders to Offload 26.9 Million Shares

In a move that underscores the growing investor appetite for travel-tech plays, Travelstack Tech Ltd has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to launch its initial public offering. The proposed IPO includes fresh equity issuance of up to ₹2.5 billion alongside a sizeable offer for sale by current promoters and investors.

The company, known for providing digital infrastructure and software solutions to the global travel and hospitality sectors, aims to utilize the fresh proceeds for working capital, technology upgrades, and potential strategic investments.

Key Highlights:

Total Issue Size: Fresh issue up to ₹2.5 billion plus an offer for sale of 26.9 million shares.

Bookrunning Lead Managers: Motilal Oswal Investment Advisors, IIFL Capital, and Nuvama Wealth Management.

Use of Proceeds: Funding working capital needs, product development, and business expansion initiatives.

Industry Focus: Digital travel infrastructure and SaaS solutions for airlines, travel agencies, and hospitality partners.

Source: DRHP filing with SEBI; company disclosures and financial press reports.