Three companies get nod for IPOs, three withdraw

ET BureauLast Updated: Mar 17, 2026, 05:49:00 AM IST

Synopsis

The Securities and Exchange Board of India has given the green light for initial public offerings from Travelstack Tech, Learnfluence Education, and Tea Post. These companies will now proceed with their plans to raise funds through the stock market.

MUMBAI: Sebi last week granted approval to three companies Travelstack Tech, Learnfluence Education and Tea Post to launch their IPOs. Travelstack Tech received Sebi’s observation letter on March 11.

The proposed IPO comprises a fresh issue of shares worth Rs 250 crore and an offer for sale (OFS) of 2.69 crore equity shares by promoters and other shareholders.

Motilal Oswal Investment Advisors is the book running lead manager (BRLM) to the issue. Learnfluence Education secured Sebi approval on March 11.

The proposed IPO consists of a fresh issue of equity shares aggregating up to Rs 246 crore and an OFS of up to 40 lakh equity shares by existing shareholders. Saffron Capital Advisors is BRLM to the issue.

Tea Post received Sebi’s observation letter on March 10. The proposed IPO comprises a fresh issue of up to 1.43 crore equity shares and an OFS of up to 1.43 crore equity shares by existing shareholders.

Srujan Alpha Capital Advisors is the BRLM to the issue. At the same time, three companies have withdrawn their IPO proposals — Arjun Jewellers, Madhur Iron & Steel and Rays Power Infra.

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