IPO

Travel Food Services Limited IPO

Mainboard

Restaurants

Listed On: Jul 14, 2025 at ₹ 1125.0(NSE)

₹ 14300 /13 Shares

Check Allotment

Price Summary

Last Closing

1,075.00 (-2.27%)

52 Week High

1,187.80

52 Week Low

1,038.10

Last Update

30-Jul-2025 3:30 PM
Travel Food Services IPO Details

07 Jul, 2025

Open Date

09 Jul, 2025

Close Date

10 Jul, 2025

Allotment Date

14 Jul, 2025

Listing Date

Issue Price

₹1045-1100 per equity share

Face Value

₹1 Per Equity Share

Listing at Group

BSE, NSE

Registrar

MUFG Intime India Private Limited (Link Intime)

List Price

1125.0(NSE)

Listing Date

2025-07-14

Market Lot

Retail : 13 Shares (₹14,300/-)
S-HNI : 182 Shares (₹2,00,200/-)
B-HNI : 910 Shares (₹10,01,000/-)

Lead Manager

Kotak Mahindra Capital Company Limited
Hsbc Securities & Capital Markets Pvt Ltd
ICICI Securities Limited
Batlivala & Karani Securities India Private Limited

Issue Size

OFS : 1,81,81,818 shares(aggregating up to ₹2000.00 Cr)

Retail Portion

35% (Number of Retail Applications: 4,88,531 Approx),
(Number of S-HNI Applications : 4,985 Approx),
(Number of B-HNI Applications : 9,970 Approx)

Subscription

2.88 times

Travel Food Services IPO Details


Travel Food Services IPO is a book-built issue of ₹2000 crores, The total issue size is ₹2000 crores. The IPO of Travel Food Services is priced at ₹1045-1100 per equity share, which has a face value of ₹1 Per Equity Share each, IPO bidding starts from Jul 7, 2025 and ends on Jul 9, 2025. The allotment for Travel Food Services IPO will be finalized on Jul 10, 2025. Travel Food Services IPO will be listed on BSE, NSE, with a tentative listing date fixed as Jul 14, 2025. The company shall list its equity shares on the BSE, NSE. MUFG Intime India Private Limited (Link Intime) is the registrar of the issue.

Retail investors can bid for a minimum of 13 shares, extendable to 14,300. S-HNIs will be able to bid for 182 shares at ₹2,00,200, while B-HNIs can also apply for a bid of 910 shares at ₹10,01,000. The book-running lead manager for the IPO is/are Kotak Mahindra Capital Company Limited , Hsbc Securities & Capital Markets Pvt Ltd , ICICI Securities Limited , Batlivala & Karani Securities India Private Limited.

an Offer for Sale (OFS) of 1,81,81,818 shares to mop up ₹2000 crore.

The Travel Food Services IPO sets its price band at 1045-1100 for each share. A single application for Travel Food Services Limited IPO must contain at least 13 shares. Sentiment investors need to invest a minimum of 13 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,300 In order to participate in the sNII, investors must purchase at least 14 lots of 182 shares for ₹2,00,200, while the bNII requires 70 lots of 910 shares for an investment of ₹10,01,000.

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Travel Food Services IPO Subscription Details

As onQIBNII
bNII   sNII
RetailTotal
Shares Offered / Reserved90,72,72527,21,818
18,14,545    9,07,273
63,50,9091,27,42,199
Day 1 - 07-07-25 05:00 PM0.07 x0.06
0.04 x   0.11 x
0.14 x0.10 x
Day 2 - 08-07-25 05:00 PM0.18 x0.24
0.23 x   0.25 x
0.28 x0.25 x
Day 3 - 09-07-25 05:00 PM7.70 x1.58
1.74 x   1.26 x
0.69 x2.88 x
Total No. of Applications: 2,19,090 (Approx)

Travel Food Services Valuations

EPS Pre IPO

₹22.63/-

EPS Post IPO

₹/-

P/E Pre IPO

48.6

P/E Post IPO

ROE

35.47%

ROCE

51.40%

Debt/Equity

RoNW

34.64%

PAT Margin

21.54%

Price to Book Value

18.20

Travel Food Services Company Financials All values are in ₹ Cr.

31-Mar-2531-Mar-2431-Mar-23
Assets1,902.731,623.391,332.32
Revenue1,762.711,462.291,103.58
Profit After Tax379.66298.02251.3
Net Worth1,048.45869.05651.12
Reserves & Surplus1,040.24869.74651.60

About The Company

Founded in 2007, Travel Food Services Limited is an Indian airport travel quick service restaurant (Travel QSR) and lounge (Lounge). The food and beverage (F&B) brand portfolio of 117 partner and in-house brands operates in 397 Travel QSRs in India and Malaysia, as of June 30, 2024.

Travel QSR business includes an assortment of developed food and drink (F&B) ideas by cuisine, brand and format, that have been modified to serve to the needs of speed and convenience of customers in travel settings.

Travel Food Business Limited's lounge business includes defined areas within airport terminals, which are accessible mainly by first and business-class passengers, airline loyalty programmes members, chosen credit card and debit card holders and members of other programmes.

The company's Lounge business is located in 14 airports in India and three airports in Malaysia, as of June 30, 2024. Examples of such airports are the Delhi Airport, Mumbai Airport, Bengaluru Airport, Hyderabad Airport, Kolkata Airport, and Chennai Airport.

As of June 30, 2024, Travel Food Services existed at the Delhi airport for 14 years, Mumbai airport for 15 years, Bengaluru airport for 5 years and Chennai airport for 11 years.

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Travel Food Services - Strength and Weakness

Strength

Travel Food Services held 24% Travel QSR market share in FY24.

Operated 313 out of 340 Travel QSR outlets inside airports.

Led Lounge sector with 45% market share across Indian airports,Operates 24 Lounges across eight key Indian airports by FY24.

Present at 14 major airports including Delhi and Mumbai terminals.

Weakness

Top 5 airports contributed 85.21% revenue in Q1 FY25.

Business depends on 78 franchised F&B brand partner relationships.

Tough competition from HMSHost, Encalm and other QSR operators

Failure to get approvals can disrupt Lounge and QSR operations.

Travel Food Services - Peers Comparison

P/B RatioP/E RatioRoNWNet Worth
Travel FoodN/AN/A34.64%N/A
Jubilant FoodworksN/A205.810.02%N/A
Devyani InternationalN/A20970.84%N/A
Sapphire FoodsN/A5481.38%N/A
Westlife FoodworldN/A9552.01%N/A
Restaurant Brands AsiaN/AN/A23.80%N/A

Travel Food Services - Promoter(s)

Pre Issue Share Holding: 100%

Post Issue Share Holding: 86.19%


Company Promoter(s)
  1. SSP Group plc
  2. SSP Group Holdings Limited
  3. SSP Financing Limited
  4. SSP Asia Pacific Holdings Limited
  5. Kapur Family Trust

Travel Food Services IPO - Issue Objectives

  1. The company will not receive any proceeds from the Offer and all the Offer Proceeds will be received by the Promoter Selling Shareholder

Travel Food Services IPO - Anchor Investors

Travel Food Services raises Rs 598 crore from anchor investors ahead of Rs 2,000 crore IPO.

Among the anchor investors are ICICI Prudential Mutual Fund (MF), Axis MF, Kotak MF, Baroda BNP Paribas MF, Abu Dhabi Investment Authority, Fidelity and Government Pension Fund Global

Other Details

Company Contact Details

Travel Food Services

Block-A South Wing 1st Floor, Shiv Sagar Estate, Dr. Annie Besant Road,Worli Mumbai 400018, Maharashtra, India

Phone: +91 22 4322 4322

Email: cs@travelfoodservices.com

Website: https://www.travelfoodservices.com/

Registrar Contact Details

MUFG Intime India Private Limited (Link Intime)

Phone: +91-22-4918 6270

Email: travelfood.ipo@linkintime.co.in

Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Travel Food Services IPO - FAQs

Ans. Travel Food Services Limited IPO is a Mainboard IPO. The issue is priced at ₹1045-1100 per equity share. The minimum order quantity is 13 Shares. The IPO opens on Jul 7, 2025, and closes on Jul 9, 2025. MUFG Intime India Private Limited (Link Intime) is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Travel Food Services Limited IPO opens on Jul 7, 2025 and closes on Jul 9, 2025.

Ans. The size of Travel Food Services Limited IPO is OFS : 1,81,81,818 shares(aggregating up to ₹2000.00 Cr).

Ans. The IPO price band is set between ₹1045-1100 per equity share.

Ans. To apply for Travel Food Services Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Travel Food Services Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Travel Food Services Limited IPO is Jul 10, 2025.

Ans. The Travel Food Services Limited IPO will be listed on Jul 14, 2025.

Ans. Follow the steps to check the allotment status for Travel Food Services Limited IPO here.