- Q1. What is the business of Travelstack Tech Limited ?It provides tech-driven corporate travel management and standardized budget hotel accommodations through its FabHotels and TravelPlus brands.
- Q2. Why is the company raising funds via IPO?Travelstack Tech is raising funds via IPO to fund working capital, repay debt, and support general corporate growth purposes.
- Q3. What is the issue size of the IPO and where will it list?The IPO consists of a ₹250 crore fresh issue and an Offer for Sale (OFS) of ~2.69 crore equity shares. It will be listed on both BSE and NSE platform.
- Q4. What are the key risks to an investor?Key risks include historical losses, negative cash flows, intense competition, hotel-heavy revenue concentration, and potential technical disruptions.
- Q5. What are the potential upsides?Upsides include rapid revenue scaling, narrowing losses, dominant corporate travel market share, marquee investor backing, and asset-light scalability.
- Q6. How to apply for the IPO?Investors can apply through ASBA via net banking or using UPI through registered stock brokers once the IPO opens for subscription.
Upcoming
Travelstack Tech Limited
0
IPO Score
0
*Score varies on actual price
Travelstack Tech Limited (formerly Casa2 Stays Private Limited) is the parent company of the prominent hospitality brand FabHotels and the corporate travel platform TravelPlus. Founded in 2014, the Delhi-based company has evolved into a leading tech-driven travel entity, managing over 1,300 properties and serving nearly 500 enterprise clients. In December 2025, the company filed its Draft Red Herring Prospectus (DRHP) with SEBI to raise ₹250 crore through a fresh issue of shares, alongside an Offer for Sale (OFS) of approximately 2.69 crore equity shares by promoters and investors. The IPO proceeds are primarily earmarked for working capital, debt repayment, and expansion of its automated TravelPlus platform. For FY25, the company reported a robust revenue of ₹716 crore, reflecting its significant scale in the Indian hospitality sector.
Travelstack Tech Limited was incorporated on April 2, 2014 and is currently led by Mr. Vaibhav Aggarwal.
Travelstack Tech Limited operates a dual-model ecosystem: FabHotels provides standardized, budget-friendly accommodation across 1,300+ properties, while TravelPlus is a SaaS-driven corporate platform automating bookings, approvals, and expense management for over 450 enterprise clients nationwide.As of late 2025, Travelstack Tech manages a portfolio of 1,379 properties across India via its FabHotels and Via brands. Its TravelPlus platform serves 474+ enterprise clients (including 100+ NSE-listed firms), reaching over 1.2 lakh corporate employees. It is India’s largest hotel-focused corporate travel platform by FY25 revenue.
Subscription date to apply for Travelstack Tech Limited is yet to be announced. Price band for the IPO is yet to be declared.
Revenue, PAT, EBITDA
Year |
2025 |
|---|---|
Networth
|
₹ 130.73 Cr
|
Revenue
|
₹ 716.34 Cr
|
EBITDA
|
₹ 3.34 Cr
|
PAT
|
₹ -6.271 Cr
|
EBITDA Margin
|
~0.46%
|
PAT Margin
|
~ - 0.87%
|
Face Value
|
Rs.01 per Equity Share
|
IPO Important Dates
# |
Date |
|---|---|
Open Date
|
TBA
|
Close Date
|
TBA
|
Anchor Investor Bidding
|
TBA
|
Allotment Date
|
TBA
|
Refunds& Demat Credit
|
TBA
|
Tentative Listing Date
|
TBA
|
Use Of Proceeds
Purpose |
Amount |
|---|---|
Borrowing repayment/prepayment
|
~ ₹ 45 Cr
|
Working Capital Requirement
|
~ ₹ 135 Cr
|
-
|
-
|
-
|
-
|
-
|
-
|
General Corporate Purpose
|
Balance
|
Financial Data
# |
2023 |
2024 |
2025 |
|---|---|---|---|
Revenue (₹ Cr)
|
₹ 411.3
|
₹ 547.8
|
₹ 716.3
|
PAT (₹ Cr)
|
₹ -92.8
|
₹ -114.0
|
₹ -6.3
|
Asset (₹ Cr)
|
₹ 67.7
|
₹ 199.1
|
₹ 220.8
|
Net Worth (₹ Cr)
|
₹ -468.4
|
₹ -572.8
|
₹ 130.7
|
IPO Grey Market Premium
Date |
IPO Price |
IPO GMP |
Profit Per Lot |
|---|---|---|---|
23-Aug
|
₹ –
|
₹ –
|
₹ –
|
22-Aug
|
₹ –
|
₹ –
|
₹ –
|
21-Aug
|
₹ –
|
₹ –
|
₹ –
|
20-Aug
|
₹ –
|
₹ –
|
₹ –
|
19-Aug
|
₹ –
|
₹ –
|
₹ –
|
Promoters – Pre offer equity (Approx)
Promoters |
% Shares |
|---|---|
Vaibhav Aggarwal
|
19.20%
|
Adarssh Mnpuria
|
6.17%
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Lot Size details
Application Type |
Lot Size |
No. of Lot |
No. of Shares |
Investment Amount |
|---|---|---|---|---|
Retail (Min)
|
–
|
1
|
–
|
₹ –
|
Retail (Max)
|
–
|
13
|
–
|
₹ –
|
HNI (Min)
|
–
|
14
|
–
|
₹ –
|
HNI (Max)
|
–
|
66
|
–
|
₹ –
|
Big HNI (Min)
|
–
|
67
|
–
|
₹ –
|
Key Performance Index (KPI)
ROE |
00 |
|---|---|
ROCE
|
00
|
RoNW
|
00
|
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