JSA and ELP Advise on TravelPlus ₹250 Crore Plus IPO Filing

JSA Advocates & Solicitors and Economic Laws Practice advised on Travelstack Tech Limited’s proposed public offering: JSA represented Travelstack Tech and its founder promoters, while ELP advised the book‑running lead managers Motilal Oswal Investment Advisors Limited, IIFL Capital Services Limited and Nuvama Wealth Management Limited. The transaction entails an initial public offering of equity shares by Travelstack Tech Limited consisting of a fresh issue of equity shares aggregating up to ₹250 crore and an offer for sale of up to 26,852,969 equity shares by various selling shareholders. Travelstack Tech is a technology‑enabled corporate travel management platform focused on enterprise hotel bookings in India. The company operates TravelPlus, described as India’s largest hotels‑focused corporate travel management platform for enterprise clients by revenue from operations in Fiscal 2025, and has managed the FabHotels brand since 2015. Its services include integrated travel process automation, policy compliance and analytics, high‑touch service delivery and an asset‑light private‑label hospitality portfolio. JSA Advocates & Solicitors represented Travelstack Tech and its founder promoters with a team composed by: Madhurima Mukherjee Saha (Partner) acting as transaction lead; Anuj Pethia (Partner); Ambuj Gupta (Senior Associate); Associates Rachit Munjal, Priyanshi Bajaj, Ayushi Inani and Simran Sharma; and Mahaveer Singh (Company Secretary). The JSA Corporate Practice Team advised on pre‑IPO restructuring and shareholders’ agreement matters and was led by Kartik Jain (Partner), assisted by Associates Dushyant Thakur and Anmol Mahajan, and Alisha Chawla (Senior Company Secretary). Economic Laws Practice represented the book‑running lead managers Motilal Oswal Investment Advisors Limited, IIFL Capital Services Limited and Nuvama Wealth Management Limited with a team composed by: Geeta Dhania (Partner) leading the engagement; Tripti Pandey (Principal Associate); and Associates Shreeya Srungarapu, Anusha Agrawal, Devika Radha, Shreya Prakash and Nathaniel Jordan Warjri.

JSA and ELP Advise on TravelPlus ₹250 Crore Plus IPO Filing

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