Travel Food Services

Travel Food Services Limited - IPO

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Travel Food Services IPO Details

Open Date
07 Jul 2025
Close Date
09 Jul 2025
Listing Date
14 Jul 2025
Issue Price
₹1045 - ₹1100
Face Value
₹1 per share
Lot Size
13
GMP
₹50 (4.5%)
Issue Type
IPO
Listing On
NSE, BSE
Type
Book Built Issue
Share holding pre issue
131679484
Share holding post issue
-
Total Issue Size
1,81,81,818 shares (aggregating up to ₹2,000.00 Cr)
Fresh Issue
1,81,81,818 shares (aggregating up to ₹2000.00 Cr)
Offer for Sale
-

Travel Food Services IPO Dates

  • 07 Jul 2025
    Opening dateOPD
  • 09 Jul 2025
    Closing dateCOD
  • 10 Jul 2025
    Basis of AllotmentBOA
  • 11 Jul 2025
    Initiation of RefundsIOR
  • 11 Jul 2025
    Credit of SharesCOS
  • 14 Jul 2025
    Listing dateLID

Travel Food Services IPO Lot Size

ApplicationLotsSharesAmount
Retain Minimum113₹14,300
Retain Maximum13169₹185,900
SHNI Minimum14182₹200,200
SHNI Maximum69897₹986,700
BHNI Minimum70910₹1,001,000

Travel Food Services IPO Reservation

Promoter Holding

Pre Issue:100%
Post Issue:86.19%
Promoter Names:
SSP Group plc, SSP Group Holdings Limited, SSP Financing Limited, SSP Asia Pacific Holdings Limited, Kapur Family Trust

Travel Food Services IPO Valuations

ROE:36.57%
ROCE:49.97%
RONW:36.14%
PAT MARGIN:20.38%

Travel Food Services Limited Financial Information

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets1,771.161,623.391,332.321,056.49
Revenue425.21,462.291,103.58441.66
Profit After Tax59.55298.02251.35.03
Net Worth851.83796651.12406.51
Total Borrowing66.9763.7831.0538.17
Amount in ₹ Crore

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 for speed and convenience within travel environments.

Travel Food Business Limited's lounge business comprises designated areas within airport terminals, accessible primarily by first and business-class passengers, members of airline loyalty programmes, select credit card and debit card holders and members of other loyalty programmes.

The company's Travel QSR and Lounge businesses are present in 14 airports in India and three airports in Malaysia, as of June 30, 2024. Such airports include the Delhi Airport, Mumbai Airport, Bengaluru Airport, Hyderabad Airport, Kolkata Airport, and Chennai Airport.

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

  1. Leading player in the Travel QSR and Lounge sectors in Indian airports.
  2. The diversified portfolio of partner F&B brands franchised from high-quality brand partners and in-house F&B brands.
  3. Deep understanding of traveller preferences with a focus on delivering a quality customer experience.
  4. Experienced management team, supported by our synergistic partnerships with SSP and K Hospitality.

Strength Of Travel Food Services IPO

  • Leading presence in India’s travel F&B sector with operations in 19 cities.
  • Diverse brand portfolio, including both international and indigenous culinary offerings.
  • Strong annual revenue growth, with a 33% increase reported in FY24.
  • Strategic joint venture with global player SSP Group, enhancing operational expertise.
  • Recognition through multiple awards, including “Asia’s Leading Airport Lounge”.

Risk Of Travel Food Services IPO

  • High dependence on passenger traffic at travel hubs makes revenues susceptible to fluctuations in travel trends.
  • Exposure to economic downturns and geopolitical events affects travel behaviour.
  • Intense competition from both domestic and international F&B operators in the travel sector.
  • Operational challenges in maintaining consistent service quality across diverse locations.
  • Potential delays in planned IPOs due to market uncertainties

Objectives Travel Food Services IPO

(i) to carry out the Offer for Sale of up to [●] Equity Shares bearing face value ₹1 aggregating up to ₹2000 crore by the Promoter Selling Shareholder

(ii) achieve the benefits of listing the Equity Shares on the Stock Exchanges.

Company Contact Details

Travel Food Services Limited
Block-A South Wing 1st Floor,
Shiv Sagar Estate, Dr. Annie Besant Road
Worli,
Mumbai, Maharashtra, 400018
Phone: +91 22 4322 4322
Email: cs@travelfoodservices.com
Website: https://www.travelfoodservices.com/

Registrar Contact Details

Name: MUFG Intime India Private Limited
Phone: +91-22-4918 6270

Lead Mangers

  1. Kotak Mahindra Capital Company Limited

  2. Hsbc Securities & Capital Markets Pvt Ltd

  3. ICICI Securities Limited

  4. Batlivala & Karani Securities India Private Limited

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