Travel Food Services IPO Opens July 7 IPO Details

      
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Travel Food Services IPO: If you are thinking of betting on an IPO, then there is some useful news for you. These days, the IPO market is booming, and back-to-back IPOs are being launched. One of these is the IPO of Travel Food Services.

Travel Food Services IPO
Travel Food Services IPO

Travel Food Services IPO: Dates & Price

  • Travel Food Services IPO Opening Date: The IPO will open for investment on 7 July and close on 9 July.
  • IPO Price Band: Travel Food Services, which operates quick service restaurants and lounges business at airports in India and Malaysia, on Wednesday fixed the price band for its Rs 2,000-crore IPO at Rs 1,045 to Rs 1,100 per share.
  • IPO GMP: The company said that allotment to anchor (large) investors will be done on 4 July. The company’s shares are trading at a premium of Rs 92 in the grey market.

Travel Food Services IPO: Investment Details

  • IPO Type – Offer for sale (OFS) The proposed IPO is entirely an offer for the sale of shares worth Rs 2,000 crore by promoters Kapoor Family Trust.
  • Since the IPO is purely OFS, the company will not receive any funds from this issue.
  • IPO minimum investment – The proceeds will go to the selling shareholder. Investors can bid for a minimum of 13 shares and thereafter in multiples of 13-13 shares.

About the Company

  • Travel Food Services Limited operates in the fast-growing Indian airport travel quick service restaurant (Travel QSR) and lounge sector.
  • The company also has travel QSRs across nine highways in India. Its travel QSR business offers a range of food and beverage (F&B) concepts to customers.
  • Its F&B brand portfolio comprises 127 partner and in-house brands as of March 2025.
  • The company has a presence in 14 airports in India, such as Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata and Chennai, as well as three airports in Malaysia.

Travel Food Services IPO: Market & Opportunity

India is projected to maintain strong growth in both domestic and international air passenger traffic, with domestic air passenger numbers expected to grow at a CAGR of 8% to 9% from FY 2025 to FY 2034 and international air passenger traffic expected to grow at a CAGR of 6% to 8%.

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