May 31, 2025
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Travel Food Services IPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
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Table of Contents
- GMP
- Reviews
- Subscription
- Allotment
What is the latest news relating to Travel Food Services IPO?
The IPO has received sebi nod on 16 January 2025 and now the company is expected to enter the market in the month of June 2025. The size is expected to be Rs. 4000 Crore.
What is the latest GMP of Travel Food Services IPO?
Click
Travel Food Services IPO Subscriptions
Price Rs. Lot ? shares, Net Rs. ? Crore |
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| Applications: / (?x) Amount wise Bids recd. Rs. ? Crore |
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What are the promoters of Travel Food Services IPO?
SSP GROUP PLC, SSP GROUP HOLDINGS LIMITED, SSP FINANCING LIMITED, SSP ASIA PACIFIC HOLDINGS LIMITED, KAPUR FAMILY TRUST, VARUN KAPUR AND KARAN KAPUR are the promoters of the company
What are the Objects of Travel Food Services IPO?
The IPO consists of only offer for sale.
The objects of the Offer are to
(i) to carry out the Offer for Sale; and
(ii) achieve the benefits of listing the Equity Shares on the Stock Exchanges.
What is the business of Travel Food Services ?
Travel Food Services is the leading player in the fast-growing Indian airport travel quick service restaurant (“Travel QSR”) and lounge (“Lounge”) sectors based on revenue in Fiscal 2024. Its 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.
It utilises its F&B brand portfolio, comprising 117 partner and in-house brands, in the operation of 397 Travel QSRs across India and Malaysia, as of June 30, 2024. Its Travel QSRs are predominantly situated within airports, with select outlets in highway sites.
Its 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 had 31 Lounges across India and Malaysia, as of June 30, 2024. In addition, a new Lounge was opened in Hong Kong in July 2024.
Through its Travel QSR and Lounge businesses, it is present in 14 airports in India and three airports in Malaysia, as of June 30, 2024. Of the 14 airports in India in which it operates, 13 of them were amongst the 15 largest airports in the country by passenger traffic in Fiscal 2024, based on air passenger traffic, according to the CRISIL report. These 14 airports served 74% of the total domestic and international air traffic footfall in India in Fiscal 2024. Such airports include the Delhi airport, Mumbai airport, Bengaluru airport, Hyderabad airport, Kolkata airport, and Chennai airport.
It operated the largest network of Travel QSRs outlets and airport Travel QSR outlets in India as of March 31, 2024, with 313 of our 340 operational outlets being situated in airports, and the remaining in highway sites. It had a market share of 24% based on revenue (including Associates and Joint Venture) in the Indian airport travel QSR sector in Fiscal 2024. It also operated the largest network of private Lounges in Indian airports as of March 31, 2024, comprising 24 Lounges across eight airports in India. We had a market share of 45% based on revenue (including Associates and Joint Venture) in the airport Lounge sector in India in Fiscal 2024.
Its promoter, SSP is a FTSE 250 company listed on the London Stock Exchange and according to the CRISIL Report, is one of the leading operators based on revenue in the Travel F&B sector (otherwise referred to herein as the Travel QSR sector) globally, based on revenue in 2024. SSP had a network of over 2,900 F&B and Lounge outlets across over 600 locations in 37 countries across 6 continents, as of June 30, 2024. SSP’s brand portfolio comprised approximately 550 brands and bespoke concepts, as of June 30, 2024. The company has tailored SSP’s corporate governance standards to its business and draw on SSP’s relationships with F&B brands in expanding its brand portfolio.
For more information, click www.travelfoodservices.com
Travel Food Services IPO GMP, Particulars & Guidance
| Travel Food Services IPO Details | |
| IPO opens on | 2025 |
| IPO closes on | 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | ? Shares / Rs 2000 Crore |
| * Fresh Issue | – Shares / Rs 580 Crore |
| * Offer for Sale | ? Shares / Rs 2000 Crore |
| Face Value per share: | Rs. 1 |
| Price Band | Rs ? |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | ? Shares |
| Listing will at | BSE, NSE |
| Shares offered in this IPO? |
Shares | Rs. in Crore |
| QIB (50 %) | ||
| NII (15 %) | ||
| RII (35 %) | ||
| Employees | ||
| Total Shares | ||
| Retail portion will be oversubscribed by | ? Forms. | |
| How to apply in this IPO? | Amount Rs. |
|
| Min Retail Application | Shares | |
| Max Retail Application | ? Shares | |
| Small HNI (Min) application | ? Shares | |
| Small HNI (Max) application | ? Shares | |
| Big HNI Application | ? Shares | |
| What is the timetable of this IPO? | |
| IPO opens on | 2025 |
| IPO Closes on | 2025 |
| IPO Allotment on | 2025 |
| Unblocking of Asba | 2025 |
| Credit of Shares | 2025 |
| Listing of Shares | 2025 |
| Registered Office of the company Block-A South Wing 1st Floor, Shiv Sagar Estate, Dr. Annie Besant Road, Worli, Mumbai 400 018, Maharashtra, India |
|
| Who are the Lead Managers of Travel Food Services IPO? Kotak Mahindra Capital Company Ltd HSBC Securities and Capital Markets (India) Pvt ltd ICICI Securities Ltd Batlivala & Karani Securities India Pvt ltd |
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| Registrar to IPO | |
| Link Intime India Pvt ltd |
Travel Food Services IPO Financial & Analytical Ratios
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2021-22 | ||||
| 2022-23 | ||||
| 2023-24 | ||||
| Book Value of the Share on 31.03.2024 |
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| BV of the Share after the IPO |
Rs. | ? | ||
| Offer Price at Cap | Rs. | ? | ||
SMPP ltd IPO Ratio Analysis
| Price /EPS | ? |
| Price/Book Value Ratio | ? |
| Price/BV after IPO | ? |
How Travel Food Services IPO compares with the Peers?
Peer Comparison.
| As on date of DRHP | FV | Total Income | PE |
| Rs. | In Crore | Ratio of | |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Travel Food Services IPO Guidance by Paresh Gordhandas, CA & Research Analyst.
We will provide our IPO review once the price band, lot and latest results are announced.
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