Travelstack Tech IPO Description – TravelPlus operates as India’s largest hotels-focused corporate travel management platform, built specifically for enterprise clients, with a strong emphasis on digitizing hotel bookings and travel workflows. As of the six months ended September 2025, the platform served 474 enterprise clients, including over 100 NSE-listed companies and 50+ multinational corporations, through a network of 25,000+ active hotels across India. The company follows a marketplace-led, asset-light model, where hotels contribute over 92% of gross transaction value (GTV), highlighting its sharp focus on corporate hotel bookings. Its platform integrates booking, approvals, expense management, GST-compliant invoicing, and real-time analytics, enabling enterprises to optimise travel costs and ensure policy compliance.
TravelPlus differentiates itself through a hybrid model combining technology and service infrastructure. While workflow automation and ERP/HRMS integrations drive process efficiency, dedicated relationship managers and 24/7 concierge support enhance service reliability, resulting in high client stickiness and repeat usage. The company also leverages its private-label brands, including FabHotels and Via, with 1,379 onboarded properties, to strengthen supply control in the highly fragmented economy segment, which accounts for nearly 69% of corporate hotel demand in India.
Promoters of Travelstack Tech – Mr. Vaibhav Aggarwal, and Mr. Adarssh Mnpuria
Travelstack Tech IPO Details
| Travelstack Tech IPO Dates | Coming soon |
| Travelstack Tech Issue Price | Coming soon |
| Fresh Issue | INR 250.0 crore |
| Offer For Sale | 2,68,52,969 shares |
| Total IPO Size | Coming soon |
| Minimum Bid (Lot Size) | Coming soon |
| Pre-issue Shares | 4,11,42,440 shares |
| Face Value | INR 1 per share |
| Listing On | NSE, BSE |
Travelstack Tech IPO Allocation in Different Categories
Travelstack Tech Financial Performance
| FY 2023 | FY 2024 | FY 2025 | H1 FY 2025 | |
| Revenue | 411.27 | 547.77 | 716.35 | 400.37 |
| Expenses | 423.36 | 583.65 | 729.96 | 409.56 |
| Net Income | (92.75) | (114.07) | (6.27) | 32.16 |
| Margin (%) | (22.55) | (20.82) | (0.88) | 8.03 |
Travelstack Tech Offer News
Travelstack Tech Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 (Pre-Issue) | FY 2026* (Post-Issue) | |
| EPS | (22.91) | (28.18) | (1.02) | – |
| PE Ratio | – | – | – | – |
| Price/Sales Ratio | – | – | – | – |
| Price/Book Ratio | – | – | – | – |
| Current Ratio | 1.07 | 3.02 | 2.49 | – |
| FY 2023 | FY 2024 | FY 2025 | |
| RONW (%) | NA | NA | NA |
| NAV | 50.90 | (51.11) | 11.43 |
| ROCE (%) | (27.07) | (15.27) | 0.70 |
| EBITDA (%) | (0.69) | (0.81) | 2.15 |
| Debt/Equity | (1.04) | (1.27) | 0.41 |
Evaluate the quality of an IPO using these essential investing ratios to make an informed decision.
Travelstack Tech IPO Anchor Investors
Travelstack Tech raises () from anchor investors. Travelstack Tech Anchor bid date is ().
| Bid Date | Coming soon |
| Shares Offered | Coming soon |
| Anchor Portion (INR Cr.) | Coming soon |
| Anchor lock-in period end date for 50% shares (30 Days) | Coming soon |
| Anchor lock-in period end date for remaining shares (90 Days) | Coming soon |
Travelstack Tech IPO GMP Today (Daily Trend)
Travelstack Tech Offer Objectives
The company proposes to utilize net proceeds from the issue towards the following objects:
- Part-funding the working capital requirements of the company – INR 13.50 crore
- Repayment/prepayment, in full or in part, of certain borrowings availed by the company – INR 4.50 crore
- General Corporate Purposes
Travelstack Tech IPO Subscription – Live Updates
Coming soon
() shares allotted to anchor investors are not included in these calculations.
Travelstack Tech IPO Allotment Status
You can check Travelstack Tech IPO allotment status on MUFG Intime’s website. Click on this link to get the allotment status. Often not getting IPO allotment? Learn how to improve your IPO allotment chances.
Travelstack Tech IPO Dates & Listing Performance
| IPO Opening Date | Coming soon |
| IPO Closing Date | Coming soon |
| Finalization of Basis of Allotment | Coming soon |
| Initiation of refunds | Coming soon |
| Transfer of shares to demat accounts | Coming soon |
| Travelstack Tech IPO Listing Date | Coming soon |
| Opening Price on NSE | Coming soon |
| Closing Price on NSE | Coming soon |
Travelstack Tech IPO Reviews – Subscribe or Avoid?
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Travelstack Tech IPO Lead Manager
MOTILAL OSWAL INVESTMENT ADVISORS LIMITED
Motilal Oswal Tower, Rahimtullah Sayani Road,
Opposite Parel ST Depot, Prabhadevi,
Mumbai – 400025, Maharashtra, India
Phone: +91 22 7193 4380
Email: [email protected]
Website: www.motilaloswalgroup.com
Travelstack Tech Offer Registrar
MUFG INTIME (LINK INTIME) INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.in.mpms.mufg.com
TRAVELSTACK TECH LIMITED
183, Sixth Floor, Nimitaya, Udyog Vihar Phase-1,
Industrial Complex Dundahera,
Gurgaon, Haryana – 122016, India
Phone: +91-11-41170189
Email: [email protected]
Website: www.travelplusapp.com
IPO Resources
How many shares in Travelstack Tech IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.
How to apply in Travelstack Tech Public Offer?
What is Travelstack Tech IPO GMP today?
Travelstack Tech IPO GMP today is INR NA per share.
What is TravelPlus IPO Subject to Sauda rate today?
TravelPlus App IPO Subject to Sauda rate today is INR NA per application.
Krishna comes from a family of investors and financial analysts, She learnt wading through regulatory filings pretty early in her career. She has several years of experience in financial and industry analysis under her belt. At IPO Central, Krishna plays twin roles of Contributor and Head of research desk.
