Travel Food Services IPO being a hospitality and travel food industry is most anticipated initial public offering in India. Supported by the Kapur Family Trust as the promoter of the K Hospitality Corp, this IPO is going to fetch one of the industry leaders in the Travel QSR and airport lounge business to India stock markets.

This is a step-by-step guide of everything one should know about the Travel Food Services IPO in terms of IPO price band, GMP (grey market premium), subscription date, lot size, allotment, listing date and the first time, second time, third time cancellation, the company financial performance and my recommendation based on whether this IPO is worth the buy or not.

What is Travel Food Services IPO?

Travel Food Services IPO is an initial source of offering of Travel Food Services Limited which is a major company in the expanding fast food and beverages industry within the Indian airport. The IPO has been a complete 2000 crore Rs Offer-for-sale (OFS) by the promoter firm of the company that is a firm named Kapur Family Trust that is conducting its operations under the brand name K Hospitality Corp. This implies that the company is not issuing any new shares of stock, either in the form of equity or debt-equity, all the money gained in the IPO will be transferred to the existing shareholders (the promoter group, to be more specific) who sell part of their holdings.

Consequently, no capital infusion will be made on Travel Food Services Limited via this IPO. As opposed to this, the IPO would create liquidity to the promoters and gain market perception and open up the possibility of future strategic opportunities, such as possible merger or acquisition or even overseas joint ventures.

Travel Food Services Limited competes in a niche market that boasts a high level of barrier entry; in this case, the company has established a stronghold in the quick service restaurants (QSRs) and premium lounges in the airports. Its products are well positioned in large Indian and a few international airports, to which millions of local and foreign passengers travel.

The company has more than 397 Travel QSR outlets /lounge operations in 17 airports including Delhi, Mumbai, Bengaluru, Chennai, Hyderabad, and uses the airport footfall and captive customer need on that portfolio. The strength of this brand is the diversification of the existing portfolio of 117+ in-house and international Food and Beverage brands that offer convenience, speed, and premium experiences at transit hub locations.

Travel Food Services will be the first of these listed QSR players, besides Jubilant FoodWorks, Devyani International, Sapphire Foods, Westlife Foodworld, and Restaurant Brands Asia, since it operates as an airport-exclusive, non-high street player, an exciting change of revenue base and business model.

Travel Food Services IPO Price Band & Face Value

The price band for the Travel Food Services IPO has been set at ₹1,045 to ₹1,100 per equity share with a face value of Re 1 per share.

• Floor Price: 1,045 times the face value
• Cap Price: 1,100 times the face value

This steep valuation reflects the company's strong market presence, profitability, and niche segment leadership.

Travel Food Services IPO Dates

Travel Food Services IPO Lot Size and Minimum Investment

The lot size for Travel Food Services IPO is 13 equity shares. Investors can bid in multiples of 13 shares thereafter.

Travel Food Services Financials: Revenue & Profit Growth

The company has demonstrated strong financial performance in the last fiscal year:

• Revenue: ₹1,687.7 crore (↑20.9% YoY)
• Net Profit: ₹379.7 crore (↑27.4% YoY)

This consistent growth reflects operational excellence and robust airport partnerships across major metros and international terminals.

Travel Food Services IPO Offer Details

• Issue Type: Book Building IPO
• IPO Size: ₹2,000 crore (pure OFS)
• Promoter: Kapur Family Trust (via K Hospitality)
• No Fresh Issue: Entire proceeds go to selling shareholders

Reservation Breakdown:

• QIB (Qualified Institutional Buyers): Up to 50%
• NII (Non-Institutional Investors): At least 15%
• Retail Investors: At least 35%
• Employee Reservation: Up to ₹40 crore

About Travel Food Services Limited

Travel Food Services (TFS) is a dominant player in airport food and beverage services, operating in:

• 397 QSR outlets across India and Malaysia
• 117+ brands, including in-house and global partners
• 14 Indian Airports & 3 Malaysian Airports

Major Indian airports covered:

• Delhi Airport (14 years presence)
• Mumbai Airport (15 years)
• Bangalore, Chennai, Hyderabad, Kolkata Airports

The company caters to millions of travelers through:

• Fast-moving travel QSR brands
• Premium lounges for business and elite travelers
• Tie-ups with airlines, loyalty programs, and banks

✅ How do I apply for Travel Food Services IPO?

You can apply through:

• UPI-enabled apps like Zerodha, Groww, Upstox, Paytm Money
• Net banking ASBA through your bank

Apply via IPO Ji App or Website (Recommended)

If you're looking for a seamless and guided application process, IPO Ji is the best choice to apply IPO. Here's how to apply through IPO Ji:

1. Download the IPO Ji App from the Google Play Store or visit IPOji.com.
2. Log in or Sign Up using your mobile number and OTP.
3. Go to the ‘Current IPOs’ section and select Travel Food Services Limited IPO
4. Enter your PAN, UPI ID, and Bid Details (choose quantity, price band, etc.).
5. Approve the UPI mandate from your UPI app (e.g., PhonePe, Google Pay, Paytm).
6. Done! You’ll receive real-time updates on allotment status and listing.

⭐ IPO Ji also offers live subscription data, allotment check, and listing updates in one place — no need to go anywhere else!

Travel Food Services IPO FAQs

Q1. What is the price band of Travel Food Services IPO? The IPO price band is ₹1,045–₹1,100 per share.

Q2. What is the lot size of Travel Food Services IPO? The lot size is 13 shares.

Q3. What is the GMP of Travel Food Services IPO? Expected to be at a premium. (Check updated GMP closer to the IPO opening) Click Here

Q4. When will Travel Food Services IPO open? It opens on July 7, 2025, and closes on July 9, 2025.

Q5. When will Travel Food Services shares be listed? The expected listing date is July 14, 2025 on BSE and NSE.

Q6. Is Travel Food Services IPO a good investment? It offers exposure to a high-growth niche, but the valuation is premium. Investors with a long-term outlook may consider it.