IPO · Professional & Local Services

Travelstack Tech gets SEBI nod for ₹250 Cr IPO

By Startup Enthusiast · 16 March 2026

What they do

Travelstack Tech runs the SaaS platform TravelPlus and budget hotel chain FabHotels

SEBI issued an observation letter on March 11, 2026, allowing a ₹250 Cr fresh issue and an OFS of up to 2.69 Cr shares

FabHotels operated close to 1,400 properties as of Sep 30, 2025

Travelstack Tech received a SEBI observation letter on March 11, 2026, allowing its IPO to proceed.
The IPO includes a fresh issue of shares worth up to ₹250 Cr.
It also has an offer for sale (OFS) component of up to 2.69 Cr shares.
OFS sellers include Accel, Goldman Sachs, Qualcomm, Anupam Mittal, and Panthera.
Founders Adarsh Manpuria and Vaibhav Aggarwal will offload 17.91 Lakh and 35.82 Lakh shares respectively in the OFS.
Fresh proceeds will be used for working capital, debt repayment, and general corporate purposes.
The company filed its DRHP with SEBI in December 2025.

The IPO comes amid global equity market pressure from the West Asia conflict.
PhonePe paused its listing plans during this period.
Five new-age tech IPOs (Fractal, SEDEMAC, Aye Finance, Shadowfax, Amagi) went public in the first three months of 2026.

Travelstack Tech operates the SaaS platform TravelPlus and the budget hotel chain FabHotels.
FabHotels operated close to 1,400 properties across more than 50 Indian cities as of Sep 30, 2025.
TravelPlus served over 100 clients including Eternal, Infra.Market, Zepto, Titan Company, and UnifyApps.
In H1 FY26, the company reported a net profit of ₹32.2 Cr on operating revenue of ₹400.4 Cr.
In FY25, net loss was trimmed 95% to ₹6.3 Cr from ₹114.1 Cr in FY24.
FY25 operating revenue surged 31% to ₹716.4 Cr from ₹547.8 Cr in FY24.