Travel Food Services Limited IPO
MainboardRestaurants
Listed On: Jul 14, 2025 at ₹ 1125.0(NSE)
₹ 14300 /13 Shares
Check AllotmentPrice Summary
Last Closing
1,075.00 (-2.27%)52 Week High
1,187.8052 Week Low
1,038.10Last Update
30-Jul-2025 3:30 PM07 Jul, 2025
Open Date09 Jul, 2025
Close Date10 Jul, 2025
Allotment Date14 Jul, 2025
Listing DateIssue Price
₹1045-1100 per equity shareFace Value
₹1 Per Equity ShareListing at Group
BSE, NSERegistrar
MUFG Intime India Private Limited (Link Intime)List Price
1125.0(NSE)Listing Date
2025-07-14Market 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 LimitedHsbc 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 timesTravel 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.
Travel Food Services IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 90,72,725 | 27,21,818 18,14,545 9,07,273 | 63,50,909 | 1,27,42,199 |
| Day 1 - 07-07-25 05:00 PM | 0.07 x | 0.06 0.04 x 0.11 x | 0.14 x | 0.10 x |
| Day 2 - 08-07-25 05:00 PM | 0.18 x | 0.24 0.23 x 0.25 x | 0.28 x | 0.25 x |
| Day 3 - 09-07-25 05:00 PM | 7.70 x | 1.58 1.74 x 1.26 x | 0.69 x | 2.88 x |
Travel Food Services Valuations
EPS Pre IPO
₹22.63/-EPS Post IPO
₹/-P/E Pre IPO
48.6P/E Post IPO
ROE
35.47%ROCE
51.40%Debt/Equity
RoNW
34.64%PAT Margin
21.54%Price to Book Value
18.20Travel Food Services Company Financials All values are in ₹ Cr.
| 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | |
|---|---|---|---|
| Assets | 1,902.73 | 1,623.39 | 1,332.32 |
| Revenue | 1,762.71 | 1,462.29 | 1,103.58 |
| Profit After Tax | 379.66 | 298.02 | 251.3 |
| Net Worth | 1,048.45 | 869.05 | 651.12 |
| Reserves & Surplus | 1,040.24 | 869.74 | 651.60 |
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.
Travel Food Services - Strength and Weakness
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.
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 Ratio | P/E Ratio | RoNW | Net Worth | |
|---|---|---|---|---|
| Travel Food | N/A | N/A | 34.64% | N/A |
| Jubilant Foodworks | N/A | 205.8 | 10.02% | N/A |
| Devyani International | N/A | 2097 | 0.84% | N/A |
| Sapphire Foods | N/A | 548 | 1.38% | N/A |
| Westlife Foodworld | N/A | 955 | 2.01% | N/A |
| Restaurant Brands Asia | N/A | N/A | 23.80% | N/A |
Travel Food Services - Promoter(s)
Pre Issue Share Holding: 100%
Post Issue Share Holding: 86.19%
- SSP Group plc
- SSP Group Holdings Limited
- SSP Financing Limited
- SSP Asia Pacific Holdings Limited
- Kapur Family Trust
Travel Food Services IPO - Issue Objectives
- 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
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
Travel Food Services
Block-A South Wing 1st Floor, Shiv Sagar Estate, Dr. Annie Besant Road,Worli Mumbai 400018, Maharashtra, IndiaMUFG 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.
