The Securities and Exchange Board of India (SEBI) has approved three upcoming IPOs: Travelstack Tech, Learnfluence Education, and Tea Post. The market regulator issued its 'observation letter' on these IPO filings on March 13, 2026, granting final approval.

With SEBI approvals now in place, these three companies are expected to move closer to launching their IPOs in the coming months. These upcoming offerings span diverse sectors, giving investors exposure to travel tech, education, and food retail segments.

Travelstack Tech IPO

Travelstack Tech Limited is a Delhi-based travel and hospitality technology company incorporated in 2014. The company operates in the accommodation and travel services segment, primarily through its brands FabHotels (an online hotel booking platform) and TravelPlus (a SaaS-based corporate travel management platform).

It focuses on leveraging technology to streamline hotel aggregation, booking, and business travel solutions, serving both individual consumers and corporate clients. The company is backed by prominent investors such as Goldman Sachs and Anupam Mittal.

Travelstack Tech Limited filed its Draft Red Herring Prospectus (DRHP) on December 17, 2025. As per the DRHP, Travelstack IPO will be a 100% book-building issue.

Here are the key details about the issue:

Offer Type: Book-building offer consisting of a fresh issue and an offer for sale (OFS).
Fresh Issue Size: ₹250 crores.
OFS Size: Up to 2.69 crore equity shares of face value ₹ 1 each.
Book Running Lead Managers: Motilal Oswal Investment Advisors Limited, IIFL Capital Services Limited
(formerly known as IIFL Securities Limited) and Nuvama Wealth Management Limited.
Registrar: MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
Proposed Listing: The equity shares are proposed to be listed on the National Stock Exchange (NSE) and BSE, as per the DRHP. The company will determine the price band and minimum bid lot for the IPO in consultation with the book-running lead manager.

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Utilisation of Offer Proceeds

The Company proposes to utilise the Net Proceeds in the following manner:

Part-funding the working capital requirements of the Company.
Repayment and/or prepayment, in full or in part, of certain borrowings availed by the Company.
General Corporate Purposes.

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Learnfluence Education IPO

Learnfluence Education Limited is an India-based education services company engaged in providing training, skilling, and academic support solutions. The company focuses on delivering learning programs across various domains through a mix of classroom and digital formats, catering to students and professionals seeking upskilling and career-oriented education.

As per the DRHP filed by Learnfluence Education on September 29, 2025, the IPO will be a 100% book-building offer. Here are the key details about the issue:

Offer Type: Book-building offer consisting of a fresh issue and an offer for sale (OFS).
Fresh Issue Size: ₹246 crores.
OFS Size: Up to 0.40 crore equity shares of face value ₹ 5 each.
Book Running Lead Managers: Saffron Capital Advisors Private Limited.
Registrar: Cameo Corporate Services Limited.
Proposed Listing: The equity shares are proposed to be listed on the National Stock Exchange (NSE) and BSE, as per the DRHP. The company will determine the price band and minimum bid lot for the IPO in consultation with the book-running lead manager.

Utilisation of Offer Proceeds

The Company proposes to utilise the Net Proceeds in the following manner:

Capital expenditure towards setting up new physical campuses of the Company.
Expenditure towards sales and marketing initiatives.
Repayment and/or prepayment, in full or in part, of certain outstanding loans availed by the Company.
Expenditure towards lease payments of existing identified long-term campuses operated by the Company.
General Corporate Purposes.

Tea Post IPO

Tea Post Limited is an India-based quick service restaurant (QSR) chain focused on offering tea and light snacks in a standardised, café-style format. Founded in 2013 and headquartered in Ahmedabad, Gujarat, the company operates under the brand “Tea Post” and aims to modernise India’s traditional tea consumption experience.

The company filed its Draft Red Herring Prospectus (DRHP) on June 10, 2025. As per the DRHP, the Tea Post IPO will be a 100% book-build issue.

Here are the key details about the issue:

Offer Type: Book-building offer consisting of a fresh issue and an offer for sale (OFS).
Fresh Issue Size: Up to 1.43 crore equity shares of face value ₹1 each.
OFS Size: Up to 1.43 crore equity shares of face value ₹1 each.
Book Running Lead Managers: Srujan Alpha Capital Advisors LLP.
Registrar: Cameo Corporate Services Limited.
Proposed Listing: The equity shares are proposed to be listed on the National Stock Exchange (NSE) and BSE, as per the DRHP. The company will determine the price band and minimum bid lot for the IPO in consultation with the book-running lead manager.