Synopsis
SNVA Traveltech Ltd, the operator of online travel platform Travomint, has submitted preliminary IPO papers to Sebi via the confidential route. The Noida-based company aims to leverage this approach for greater flexibility in its public offering preparations. Travomint, established in 2017, offers comprehensive travel booking solutions globally.In a public notice on Wednesday, the Noida-based firm said it has filed "the pre-filed draft red herring prospectus with Sebi and the stock exchanges on March 30 in relation to the offer."
The company has opted for the confidential pre-filing route, which allows the company to engage with the Securities and Exchange Board of India (Sebi) for initial feedback on its draft document without it being publicly disclosed.
This route has been increasingly favoured by companies seeking more flexibility in their IPO preparations and responding to market conditions before a public filing.
Launched in 2017, Travomint offers technology-driven travel solutions to customers worldwide. It provides an all-in-one booking experience with regards to flights, hotels, car rentals, airport transfers and travel insurance through its website and mobile applications available on Android and iOS.
With a presence in over 50 countries, the company caters to a globally diverse customer base through multi-currency payment support and multilingual interfaces.
