Travelstack Tech, Learnfluence Education, Tea Post Get SEBI Nod for IPO Launch

The Securities and Exchange Board of India (SEBI) has cleared the IPO plans of Travelstack Tech, Learnfluence Education, and Tea Post, which will allow the three firms to access capital from the public markets through their respective IPOs.

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The approvals come at a time when primary market activity continues amid broader volatility in equity markets.

Travelstack Tech IPO Details

Travelstack Tech’s IPO comprises a fresh issue of ₹250 crore along with an offer for sale of up to 2,68,52,969 equity shares by promoters Vaibhav Aggarwal and Adarssh Mnpuria.

According to the company’s draft papers, ₹135 crore from the fresh issue will be used for working capital requirements, while ₹45 crore will be allocated towards repayment or prepayment of certain borrowings. The remaining funds will be used for general corporate purposes.

Existing investors participating in the offer for sale include Accel India IV (Mauritius) Ltd, Global Private Opportunities Partners II LP, Panthera Growth Fund II VCC, PGP India Growth Fund I, and Qualcomm Asia Pacific Pte. Ltd, among others.

Learnfluence Education IPO Structure

Learnfluence Education, which operates the ‘Lakshya’ coaching centres, plans to raise up to ₹246 crore through a fresh issue of equity shares. The IPO also includes an offer for sale of up to 40 lakh shares.

As per the filings, the proceeds from the fresh issue will be used to set up new campuses, fund sales and marketing initiatives, repay borrowings, and meet lease-related expenses for existing and planned centres.

Tea Post IPO Plans

Tea Post’s IPO comprises a fresh issue of up to 1.43 crore equity shares, along with an offer for sale of up to 1.43 crore shares.

The company plans to utilise the proceeds primarily for expanding its network by setting up new tea cafés across locations.

Other Filings Update

In a separate update, SEBI said draft documents of Rays Power Infra, Madhur Iron & Steel, and Arjun Jewellers were withdrawn or returned during the period from March 9 to March 13.

The approvals for the three IPOs allow the companies to proceed with the next steps in the listing process, including finalising timelines and launching their public issues.