Travel Food Services Limited IPO Details
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Travel Food Services IPO opens for subscription on 07 Jul 2025 and closes on 09 Jul 2025. The IPO will be listed on NSE, BSE with the tentative listing date set for 14 Jul 2025.
Travel Food Services IPO price band has been fixed at ₹1045 – ₹1100 per share.The face value is ₹1 per share with a lot size of 13.
Travel Food Services IPO total issue size comprises 1,81,81,818 shares (aggregating up to ₹2,000.00 Cr). This includes a fresh issue of 1,81,81,818 shares (aggregating up to ₹2000.00 Cr).
Travel Food Services IPO carries a ₹25 (2.3%) GMP, reflecting investor sentiment.
Travel Food Services IPO Lot Size : Retain Minimum is 1 lot (13 shares) amounting to ₹14,300. Retain Maximum is 13 lots (169 shares) amounting to ₹185,900. SHNI Minimum is 14 lots (182 shares) amounting to ₹200,200. SHNI Maximum is 69 lots (897 shares) amounting to ₹986,700. BHNI Minimum is 70 lots (910 shares) amounting to ₹1,001,000.
The Lead Managers for Travel Food Services IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Kotak Mahindra Capital Company Limited, HSBC Securities & Capital Markets Pvt Ltd, ICICI Securities Limited, Batlivala & Karani Securities India Private Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For detailed information, Refer to the Travel Food Services Limited RHP.
Travel Food Services IPO Details
Travel Food Services IPO Subscription
Travel Food Services IPO Application Wise Breakup (Approx)
Travel Food Services IPO Dates
- 07 Jul 2025Opening dateOPD
- 09 Jul 2025Closing dateCOD
- 10 Jul 2025Allotment Date BOA
- 11 Jul 2025Initiation of RefundsIOR
- 11 Jul 2025Credit of SharesCOS
- 14 Jul 2025Listing dateLID
Travel Food Services IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 13 | ₹14,300 |
| Retain Maximum | 13 | 169 | ₹185,900 |
| SHNI Minimum | 14 | 182 | ₹200,200 |
| SHNI Maximum | 69 | 897 | ₹986,700 |
| BHNI Minimum | 70 | 910 | ₹1,001,000 |
Travel Food Services IPO Reservation
Promoter Holding
Travel Food Services IPO Valuations
Travel Food Services Financial Information
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 1,771.16 | 1,623.39 | 1,332.32 | 1,056.49 |
| Revenue | 425.2 | 1,462.29 | 1,103.58 | 441.66 |
| Profit After Tax | 59.55 | 298.02 | 251.3 | 5.03 |
| Net Worth | 851.83 | 796 | 651.12 | 406.51 |
| Total Borrowing | 66.97 | 63.78 | 31.05 | 38.17 |
| 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.
- Leading player in the Travel QSR and Lounge sectors in Indian airports.
- The diversified portfolio of partner F&B brands franchised from high-quality brand partners and in-house F&B brands.
- Deep understanding of traveller preferences with a focus on delivering a quality customer experience.
- 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
Lead Mangers
Lead Manager Reports
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