IPO · Professional & Local Services

FabHotels gets SEBI approval for IPO

By Startup Enthusiast · 17 March 2026

What they do

FabHotels operates budget hotels and the TravelPlus brand in India

SEBI approved its initial public offering; financials show mixed results

It turned profitable in H1 FY26 after a small loss in FY25

FabHotels received approval from SEBI for its initial public offering (IPO).
The company's gross transaction value (GTV) was Rs 716 crore in FY25, mostly from its TravelPlus brand.
FabHotels reported a net loss of Rs 6.3 crore in FY25.
FabHotels reported an operating revenue of Rs 400 crore in H1 FY26.
It posted a net profit of Rs 32 crore in H1 FY26, after a net loss of Rs 6.3 crore in FY25.
The company's total expenses were Rs 730 crore in FY25.
FabHotels' current assets stood at Rs 191 crore, including Rs 95.5 crore in cash and bank balances.

The IPO approval comes as the company shows improving financials, turning profitable in the first half of FY26.
FabHotels' scale includes TravelPlus, where full GTV is recognized, making it not directly comparable with peers.
The company's employee benefit expenses were Rs 96 crore in FY25, and commission payouts were Rs 28 crore.
Advertising expenses ranged from Rs 11 crore to Rs 28 crore across the companies in FY25.

FabHotels operates budget hotels and the TravelPlus brand in India.
The company generates revenue from hotel operations and related services.
It recognizes full GTV from TravelPlus, which is a significant part of its business.
In FY25, FabHotels' operating revenue was not explicitly stated, but its total expense was Rs 730 crore.
The company had a net loss of Rs 6.3 crore in FY25, improving to a net profit of Rs 32 crore in H1 FY26.
FabHotels' current assets include Rs 95.5 crore in cash and bank balances.