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: 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 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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