The Securities and Exchange Board of India (SEBI) has granted regulatory clearance to three companies—Travelstack Tech, Tea Post, and Learnfluence Education—to proceed with their initial public offerings (IPOs). The approval follows the issuance of observations on their draft offer documents, enabling the companies to move ahead with the next stage of the listing process.
As per SEBI’s latest update, Tea Post received observations on March 10, while Travelstack Tech and Learnfluence Education secured approvals on March 11. In contrast, several companies, including Rays Power Infra, Arjun Jewellers, and Madhur Iron & Steel India, have recently withdrawn their IPO proposals.
The issuance of SEBI observations allows companies to file their Red Herring Prospectus (RHP) with the Registrar of Companies within a 12-month window.
Travelstack Tech IPO Details
Travelstack Tech, supported by prominent global investors such as Accel, Goldman Sachs, Panthera, and Qualcomm, had submitted its Draft Red Herring Prospectus (DRHP) in December 2025. The company operates the corporate travel platform TravelPlus and is part of a broader ecosystem that includes brands like FabHotels and Via.
The proposed IPO includes a fresh issue of equity shares worth ₹250 crore. Additionally, existing promoters and investors plan to divest up to 2.68 crore shares through an offer-for-sale (OFS), providing partial exits to stakeholders.
Tea Post IPO Structure
Tea Post, a Gujarat-based tea café chain, filed its draft papers in June 2025 with plans to raise funds for business expansion and investor monetisation. The IPO comprises a total issue size of 2.85 crore shares, split evenly between fresh issuance and an OFS component.
The offering will also facilitate a partial exit for IndiaNivesh Venture Capital Fund, one of the company’s key investors.
Learnfluence Education IPO Plans
Learnfluence Education, headquartered in Kerala and operating under the Lakshya LMS brand, focuses on digitally enabled coaching for commerce and finance students. The company submitted its preliminary IPO documents in September 2025.
It aims to raise ₹246 crore through a fresh issue of shares, primarily to fund expansion initiatives and reduce outstanding debt. Alongside, promoter Orwel Lionel will offload up to 40 lakh shares through an OFS.
Summary
SEBI has cleared IPO proposals of Travelstack Tech, Tea Post, and Learnfluence Education, allowing them to proceed with filings and listing preparations. The offerings include a mix of fresh issues and offer-for-sale components, aimed at funding expansion, enabling investor exits, and strengthening balance sheets. Meanwhile, some companies have recently withdrawn their IPO plans, reflecting selective market participation.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
Investments in securities markets are subject to market risks. Please read all related documents carefully before investing.