Bizz Buzz Bureau Hyderabad

SNVA Traveltech Ltd, operator of online travel platform Travomint, has filed its Updated Draft Red Herring Prospectus-I (UDRHP-I) for a proposed initial public offering comprising an offer for sale (OFS) of up to 12.75 crore equity shares.

Promoters Alok Kumar Singh and Vivek Kumar Singh will each offload up to 6.38 crore shares. The company confidentially filed its draft papers with Sebi on March 29 and received regulatory approval on August 6. Equirus Capital and Anand Rathi Advisors are the book-running lead managers. Established in 2017, SNVA Traveltech operates an asset-light online travel agency offering flight, hotel and ancillary travel bookings through its Travomint website and mobile application. Its services include airport transfers, travel insurance, car rentals and holiday packages across domestic and international routes.