SEBI Approves TravelPlus, Tea Post, and Learnfluence Education Public Offerings

IPO Updates: Travelstack Tech, Tea Post, and Learnfluence Education Receive SEBI Approval

Travelstack Tech, a global firm backed by Accel, Goldman Sachs, Panthera, and Qualcomm, has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO) plans. The company, which operates the business travel platform TravelPlus, filed a Draft Red Herring Prospectus (DRHP) in December 2025 to raise funds via IPO.

Key Highlights:

• Travelstack Tech proposes to raise Rs 250 crore by issuing fresh shares, while promoters and investors plan to sell up to 2.68 crore equity shares via offer-for-sale.
• The IPO will be a mix of fresh issue and offer-for-sale of 2.85 crore shares each.

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Tea Post, a Gujarat-based tea cafe chain operator, has also received SEBI approval to proceed with its IPO plans. The company filed draft papers in June 2025 to raise funds via IPO for expansion and stake sale by investor IndiaNivesh Venture Capital Fund.

Key Highlights:

• Tea Post proposes to raise Rs 246 crore by issuing new shares, while promoter Orwel Lionel will be selling up to 40 lakh shares via offer-for-sale.
• The IPO will be a mix of fresh issue and offer-for-sale of 1.425 crore equity shares each.

Learnfluence Education, the parent company of Lakshya LMS, has also received SEBI approval to proceed with its IPO plans. The Kerala-based company filed preliminary papers in September 2025 to raise funds for expansion and debt reduction.

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Key Highlights:

• Learnfluence Education proposes to raise Rs 246 crore by issuing new shares, while promoter Orwel Lionel will be selling up to 40 lakh shares via offer-for-sale.
• The IPO will be a mix of fresh issue and offer-for-sale of 1.425 crore equity shares each.

Withdrawals:

• Rays Power Infra, a Gurugram-based renewable energy solutions provider, has withdrawn its IPO papers in the last week.
• Arjun Jewellers, a Rajkot-based jewellery retailer, has also withdrawn its IPO papers.
• Madhur Iron & Steel India, a Chhattisgarh-based structural steel products manufacturer, has withdrawn its IPO papers filed in January 2026.