Travel Food Services IPO Details
The Travel Food Services IPO is a book build issue with a total issue size of ₹2000 cr, and a offer for sale of 18181818 equity shares. Travel Food Services IPO opened for subscription on Jul 07, 2025 and closed on Jul 09, 2025. Travel Food Services IPO is set price band at ₹1045 to ₹1100 per share, with a lot size of 13 shares. Minimum investment for Retail investors was ₹14,300.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Jul 10, 2025, and listed on both the NSE and BSE on Jul 14, 2025.
MUFG Intime India Private Limited has been appointed as the registrar. Kotak Mahindra Capital Company Limited, Hsbc Securities & Capital Markets Pvt Ltd, ICICI Securities Limited and Batlivala & Karani Securities India Private Limited are the Book Running Lead Manager for the issue.
Before investing in the Travel Food Services IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 1045 – 1100
- Lot Size
- 13
- Issue Size
- ₹2000 Cr
- Minimum Investment
- ₹14300 (13 Shares)
- Listing Date
- 14 July 2025
Current GMP
₹25 (+2.27%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Travel Food Services Limited
Incorporated in 2007, Travel Food Services Limited (TFS) is a leading provider of travel-centric hospitality services in India, with a focus on quick service restaurants (QSRs) and premium airport lounges. The company operates across 14 airports in India and three airports in Malaysia, offering food and beverage (F&B) solutions designed to meet the evolving needs of modern travelers.
As of June 30, 2024, TFS operated 397 Travel QSR outlets, including 340 directly managed and 57 through partnerships, spanning both India and Malaysia. This includes 30 outlets in Malaysia and 32 located along key highway routes in India. The QSR portfolio encompasses 117 in-house and franchised F&B brands, tailored to deliver speed, quality, and convenience within travel hubs.
TFS’s lounge division offers curated premium spaces within airport terminals, primarily serving first and business-class passengers, airline loyalty program members, and select credit/debit card holders. As of June 2024, the company manages 31 lounges across India, Malaysia, and recently expanded into Hong Kong.
Geographic Presence & Track Record
TFS has maintained a long-standing presence at major Indian airports, including:
- Delhi Airport – 14 years
- Mumbai Airport – 15 years
- Bengaluru Airport – 5 years
- Chennai Airport – 11 years
Other key locations include Hyderabad, Kolkata, and additional international airports.
Competitive Strengths
- Market leader in both the airport QSR and lounge segments in India
- Extensive and diversified F&B brand portfolio, combining high-quality partnerships and proprietary concepts
- Proven ability to deliver fast, reliable, and high-quality service tailored to traveler expectations
- Experienced leadership team, supported by strategic alliances with SSP Group and K Hospitality Corp
Financial Performance & Market Share
In FY24, TFS reported strong financial growth with:
- Revenue: ₹1,396.32 crore
- Net Profit: ₹298.02 crore
The company holds a 24% market share in India’s airport QSR segment and 45% in the airport lounge market, underlining its position as a dominant player in travel hospitality. Supported by major financial investors, TFS is well-positioned to benefit from rising air travel and highway traffic in India and abroad.
Travel Food Services IPO Promoters
- SSP Group plc
- SSP Group Holdings Limited
- SSP Financing Limited
- SSP Asia Pacific Holdings Limited
- Kapur Family Trust
- Varun Kapur
- Karan Kapur
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
86.19%
Travel Food Services IPO Objective
The company will not receive any proceeds from the Offer and all the Offer Proceeds will be received by the Promoter Selling Shareholder.
Address / Contact Info
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/
IPO Snapshot
Book Running Lead Managers
- Kotak Mahindra Capital Company Limited
- Hsbc Securities & Capital Markets Pvt Ltd
- ICICI Securities Limited
- Batlivala & Karani Securities India Private Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Travel Food Services IPO is a Book-building IPO with a total issue size of ₹2000 crore. The Travel Food Services IPO price band is ₹1045 to 1100 per share. The Travel Food Services IPO subscription opens on Mon, Jul 7, 2025, and closes on Wed, Jul 9, 2025. The Travel Food Services IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the Travel Food Services IPO.
The Travel Food Services IPO opens on Mon, Jul 7, 2025 and closes on Wed, Jul 9, 2025
Travel Food Services IPO Price Band is ₹1045 to 1100 per share.
Travel Food Services IPO lot size is 13 shares, Retail investors need a minimum investment of ₹14300 based on the upper price band
The minimum investment for Travel Food Services IPO is ₹14300, based on one lot of 13 shares at the upper price band of ₹1100 per share.
Investors can apply for the Travel Food Services IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Jul 9, 2025. The application amount remains blocked until the Travel Food Services IPO allotment is finalized.
Travel Food Services IPO issue size is ₹2000 crores.
Travel Food Services IPO allotment date is Wed, Jul 1, 2026.
The registrar for Travel Food Services IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Travel Food Services IPO allotment status, refund processing, and other IPO-related information.
The Travel Food Services IPO GMP (Grey Market Premium) is ₹25 as of Mon, Jul 14, 2025. Based on the upper price band of ₹1100 per share, the estimated Travel Food Services IPO listing price is ₹1125, indicating a potential listing gain of approximately 0% over the issue price.