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Travel Food Services IPO

Travel Food Services IPO

Travel Food Services IPO

Overview

Travel Food Services IPO is a bookbuilding of ₹2,000.00 crores. The issue is entirely an offer for sale of 1.82 crore shares. Travel Food Services IPO opens for subscription on July 7, 2025 and closes on July 9, 2025. The allotment for the Travel Food Services IPO is expected to be finalized on Thursday, July 10, 2025. Travel Food Services IPO will be list on BSE, NSE with a tentative listing date fixed as Monday, July 14, 2025. Travel Food Services IPO price band is set at ₹1045 to ₹1100 per share. The lot size for an application is 13. The minimum amount of investment required by an retail is ₹13,585 (13 shares). The lot size investment for sNII is 14 lots (182 shares), amounting to ₹2,00,200, and for bNII, it is 70 lots (910 shares), amounting to ₹10,01,000. Kotak Mahindra Capital Company Limited is the book-running lead manager of the Travel Food Services IPO, while MUFG Intime India Private Limited (Link Intime) is the registrar for the issue. Refer to Travel Food Services IPO RHP for detailed information.

Total Shares

1,81,81,818

Issue Size

₹2,000.00 Cr

Price Band

1045 – ₹1100

Lot Size

13 shares

Min. Investment

14,300

Max. Investment

1,85,900

Open Date

07 Jul, 2025

Close Date

09 Jul, 2025

Allotment

10 Jul, 2025

Listing

14 Jul, 2025

Announced

07 Jul, 2025

Opening Date

07 Jul, 2025

Closing Date

09 Jul, 2025

Basis of Allotment

10 Jul, 2025

Initiation of Refunds

11 Jul, 2025

Credit of Shares

11 Jul, 2025

Listing Date

14 Jul, 2025

Live GMP

Est. Listing: ₹1116

16

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About Travel Food Services IPO

Incorporated in 2007, Travel Food Services Limited is an Indian airport travel quick service restaurant (“Travel QSR”) and lounge (“Lounge”). The company's F&B brand portfolio, comprising 117 partner and in-house brands, is in the operation of 397 Travel QSRs across India and Malaysia, as of June 30, 2024.

Travel QSR business comprises a range of curated food and beverage (“F&B”) concepts across cuisines, brands and formats, which have been adapted to cater to customers’ demands

Travel Food Services IPO Share Price

Issue Breakdown

Total Issue1,81,81,818 shares₹2,000.00 Cr
Fresh Issue0 shares
Offer for Sale0 shares

Shareholding

Pre-Issue13,16,79,484
Post-Issue13,16,79,484

Dilution: 0.0% increase in shares

Travel Food Services IPO Promoter

Pre-Issue100%
Post-Issue86.19%

Travel Food Services IPO Financial Health

Travel Food Services Limited's revenue increased by 21% and profit after tax (PAT) rose by 27% between the financial year ending with March 31, 2025 and March 31, 2024.

Travel Food Services IPO Lot Size

Investors can bid for a minimum of 13 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (Min)11314,300
Retail (Max)131691,85,900
S-HNI (Min)141822,00,200
S-HNI (Max)698979,86,700
B-HNI (Min)7091010,01,000

(All values in CR)

Travel Food Services IPO Valuations

MetricValue
ROE35.47
ROCE51.40
RoNW34.64
PAT Margin21.54
EBITDA Margin40.07
Price to Book Value18.20

(All values in CR)

Travel Food Services IPO Strength & Risk

+Strengths

Travel Food Services IPO Strength:

  • Market Leadership in Airport F&B: Recognized as a leading player in India’s travel quick-service restaurant (QSR) and airport lounge segments, operating across major domestic and international terminals.

  • Diversified Brand Portfolio: Operates both franchised outlets of reputed global and Indian F&B brands, along with strong in-house brands—enabling risk diversification and customer reach.

  • Strong Consumer Insight: Leverages a deep understanding of the Indian air travel ecosystem and evolving traveler preferences to tailor food offerings and enhance experience.

  • Premium Experience Focus: Committed to delivering consistent, quality service and hygiene standards across its airport locations, contributing to high customer satisfaction.

  • Experienced Management & Global Synergies: Backed by a seasoned leadership team and strategic partnerships with international hospitality group SSP and India’s K Hospitality—ensuring operational excellence and scalability.

!Risks

Travel Food Services IPO Risk:

  • High Dependence on Airport Traffic: Revenue is directly linked to footfall at airports, making it vulnerable to any disruption in air travel such as pandemics, geopolitical issues, or economic downturns.

  • Concentration Risk: Significant operations and revenue stem from a limited number of high-traffic airports, increasing risk exposure to location-specific issues or contract loss.

  • Regulatory and Concession Risks: Operations depend on contracts and licenses granted by airport authorities, which may not be renewed or could face increased regulatory scrutiny.

  • Margin Pressure Due to High Operating Costs: Airport retail incurs elevated rental and staffing costs, which could affect profitability, especially during periods of low passenger volume.

  • Competitive Environment: Faces intense competition from global food chains, emerging brands, and other QSR players operating in the same space, potentially impacting market share and pricing.

Travel Food Services IPO Subscriptions

Travel Food Services IPO subscribed 0.11 times. The public issue subscribed 0.15 times in the retail category, 0.07 times in QIB, and 0.07 times in the NII category by July 7, 2025 4:54:42 PM (Day 1).

Investor CategorySubscription (times)Shares OfferedShares bid forTotal Amount (Rs Cr.)
Anchor1.0054,43,63554,43,635598.8
Qualified Institutions0.0736,29,0902,56,72428.24
Non-Institutional Buyers0.0727,21,8181,80,97319.907
bNII (bids above ₹10L)0.0418,14,54574,3608.18
sNII (bids above ₹10L)0.129,07,2731,06,61311.727
Retail0.1563,50,9079,40,758103.483
Employees0.3840,38215,4831.703
Total0.111,27,42,19913,93,938153.333

Travel Food Services IPO GMP

Travel Food Services IPO last GMP is ₹16, last updated Jul 7th 2025 04:33 PM. With the price band of 1100.00, Travel Food Services IPO's estimated listing price is ₹1116 (cap price + today's GMP).The expected percentage gain/loss per share is 1.45%. >> Travel Food Services IPO Retail Subject to Sauda: ₹200 >> Travel Food Services IPO Small HNI Subject to Sauda: ₹2800 The current GMP (₹16) is showing signals towards the lower side. The lowest GMP is ₹0.00, while the highest GMP is ₹92.00.

+16+1.5%

Last updated 07 Jul, 2025 · Source: aggregated grey-market dealers

DateIPO PriceGMPSub2 SaudaEst. ListingEst. ProfitUpdated
07 Jul, 20251100₹16200/2800₹1116 (1.45%)20807 Jul, 2025
06 Jul, 20251100₹30300/4200₹1130 (2.73%)39006 Jul, 2025
05 Jul, 20251100₹50500/7000₹1150 (4.55%)65005 Jul, 2025
04 Jul, 20251100₹80800/11200₹1180 (7.27%)104004 Jul, 2025
03 Jul, 20251100₹92900/12600₹1192 (8.36%)119603 Jul, 2025
02 Jul, 20251100₹92900/12600₹1192 (8.36%)119602 Jul, 2025
01 Jul, 20250₹0-₹ (0.00%)-01 Jul, 2025
30 Jun, 20250₹0-₹ (0.00%)-30 Jun, 2025
29 Jun, 20250₹0-₹ (0.00%)-29 Jun, 2025
28 Jun, 20250₹0-₹ (0.00%)-28 Jun, 2025
27 Jun, 20250₹0-₹ (%)-27 Jun, 2025

Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.

How to Apply for Travel Food Services IPO

1

Login to Your Trading App

Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.

2

Go to IPO Section

Find Travel Food Services IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).

3

Enter UPI ID and Submit

Provide your UPI ID linked to your bank account and submit the application.

4

Approve Mandate on UPI App

Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.

5

Application Confirmed

Your funds will be blocked in your account until the IPO allotment process is completed.