SEBI Approves IPO Plans Of Tea Post, Travelstack Tech, And Learnfluence

India’s capital markets regulator has cleared the initial public offering (IPO) plans of three companies, Tea Post, Travelstack Tech and Learnfluence Education, allowing them to move ahead with their fundraising plans.

The Securities and Exchange Board of India (SEBI) issued its observations on the draft offer documents of these firms earlier this month. As per the regulator’s processing status published on 16 March, observations for Tea Post were issued on 10 March, while Travelstack Tech and Learnfluence Education received them on 11 March.

In SEBI terminology, the issuance of observations indicates that a company can proceed with its IPO by filing the red herring prospectus (RHP) with the registrar of companies within one year.

The development comes at a time when activity in the primary market has slowed slightly amid volatility in global markets linked to tensions in West Asia. Even so, several companies continue preparing to tap public markets for capital. However, at the same time, a few issuers have chosen to step back.

Which Companies Got SEBI’s Go-Ahead For IPOs?

Three companies from different sectors, like hospitality, travel technology and education services, have secured regulatory clearance for their public issue plans.

Tea Post

The Gujarati café company Tea Post submitted its draft red herring prospectus for a possible initial public offering (IPO) in June 2025. The company has a wide range of teas and beverage products in its portfolio.

The issue includes a fresh issue of 1.42 crore equity shares along with an offer for sale of another 1.42 crore shares, taking the total size to about 2.85 crore shares.

Travelstack Tech

In December 2025, the travel technology firm Travelstack Tech submitted its draft documents to SEBI.

Promoters and current investors will offer to sell up to 2.68 crore shares during the IPO, in addition to a new issuance of ₹250 crore.

The company is backed by global investors such as Accel, Goldman Sachs, Panthera and Qualcomm. Travelstack Tech runs TravelPlus, a platform built for companies that manage frequent employee travel.

The system allows corporate teams to book trips, approve itineraries and track travel expenses in one place. It also helps organisations monitor spending and ensure that travel policies are followed during the entire booking and reimbursement process.

Learnfluence Education

Learnfluence Education filed its draft IPO papers with the regulator in October 2025. As per the filing, the IPO will include a fresh issue of equity shares worth ₹246 crore. In addition, promoter Orwel Lionel plans to sell up to 40 lakh shares through an offer for sale.

The Kerala-based company runs digitally enabled coaching centres focused on commerce and finance education. It operates under the Lakshya LMS brand.

At present, Learnfluence runs its Lakshya education network across 15 campuses in eight cities. These include Calicut, Ernakulam, Kannur, Trivandrum, Kottayam, Thrissur, Coimbatore and Bengaluru.

What Will These Companies Do With IPO Funds?

For Travelstack Tech, a large share of the fresh issue proceeds is expected to go toward working capital. The company has earmarked ₹135 crore for this purpose. Another ₹45 crore is likely to be used to repay certain borrowings. The balance amount will be set aside for general corporate requirements.

The company has also mentioned the possibility of a pre-IPO placement of up to ₹50 crore. If this happens, the size of the fresh issue may be reduced accordingly.

Learnfluence Education plans to use the funds mainly for growth. The company intends to open additional physical campuses and expand its marketing efforts to reach more students. Some of the proceeds will also be used to repay existing loans. Another portion will go toward lease payments for long-term campus locations.

Tea Post, on the other hand, aims to expand its café network using the funds raised from the IPO. The issue will also allow an early investor to sell part of its stake through the offer-for-sale portion.

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Investor Takeaway

The IPO market is still active, but not without caution. While three companies have received the regulator’s nod to move ahead, some others have stepped back from their listing plans.

Rays Power Infra, Arjun Jewellers, and Madhur Iron & Steel India are among those that have recently withdrawn their draft papers.

There has already been steady activity this year, with around 12 companies launching public issues in 2026 so far. More offerings are likely in the coming months.

For investors, this makes the space slightly mixed. Not every IPO will look the same, so each one needs a closer look before taking a call.

Sources:

Moneycontrol

NDTV Profit

The Hindu