Upcoming
Mainboard IPO
TRAVELSTACK
Travelstack Tech
Travelstack Tech Limited is a technology-enabled corporate travel management company that operates the TravelPlus platform for enterprise clients. The company primarily focuses on hotel bookings while also offering air travel bookings, MICE (meetings, incentives, conferences and exhibitions), ground transportation, visa facilitation, and early-stage expense management capabilities. Its platform integrates travel policy controls, approval workflows, analytics, consolidated billing, and API-based connections with enterprise systems such as HRMS and ERP solutions. TravelPlus also provides 24/7 customer support, relationship management, and a managed supplier network to help businesses streamline employee travel. The company generates revenue mainly through its corporate travel platform, with hotels being its core business and primary revenue driver, while selectively expanding into adjacent travel services. It also operates private-label hotel brands, including FabHotels and Via, to enhance service quality, inventory availability, and operational efficiency for enterprise customers.
IPO Details
Complete IPO information
| Current GMP |
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| Estimated Listing Gain |
TBA |
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Mainboard |
| Issue Size |
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| Registrar |
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| Exchange |
BSE, NSE |
| Retail Quota |
TBA |
| Overall Subscription |
TBA |
| Listing Date |
TBA |
| Minimum Investment |
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Timeline
IPO roadmap at a glance
Market Lot
Application size breakdown
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| B-HNI Minimum |
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Issue Notes
Important takeaways before applying
Strengths
- India’s largest hotels-focused corporate travel management platform for enterprise clients by FY25 revenue.
- Hotels-focused platform combines technology, operations, and service capabilities in one solution.
- Strong client retention supported by deep operational integration and long-term customer relationships.
- Diversified customer base with no significant dependence on any single customer.
- Experienced management team backed by operational expertise and industry knowledge.
Risks
- A slowdown in corporate travel or hotel demand could adversely affect the business.
- The business is seasonal, which can lead to fluctuations in operating results.
- High competition in the corporate travel market may affect growth and profitability.
- Failure to obtain or renew required licenses and approvals could disrupt operations.
- The company has borrowings, and failure to meet repayment or loan covenants could impact its financial position.
