July 15, 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
Subscription Status
| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 8.03 | 1.83 | 1.33 | 1.67 | 0.73 | 3.03 |
| Applications: 2,19,088 | |||||
| Subscription Review: With QIB support, IPO is fully subscribed |
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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 and Kapur Family Trust are the company promoters.
The promoters hold 100% of the equity prior to the IPO
What are the Objects of Travel Food Services IPO?
The company will not receive any proceeds from the Offer and all the Offer Proceeds will be received by the Promoter Selling Shareholder.
What is the business of Travel Food Services?
Travel Food Services Limited – Company Overview
Incorporated in 2007, Travel Food Services Limited is a leading player in India’s airport Travel QSR (Quick Service Restaurant) and Lounge segments.
As of June 30, 2024, the company operates a strong portfolio of 117 partner and in-house F&B brands, managing a total of 397 Travel QSR outlets across India and Malaysia.
Travel QSR Business
Travel Food Services offers a wide range of curated food and beverage (F&B) options across multiple cuisines and formats. These offerings are specifically designed to meet the fast-paced needs of air travelers, with a strong focus on speed and convenience in travel environments.
Lounge Services
The company also operates premium airport lounges, primarily accessible to:
- First and Business-class travelers
- Airline loyalty program members
- Selected credit/debit card holders
- Members of other loyalty programs
These lounges offer a relaxing and exclusive experience within bustling airport terminals.
Geographical Presence
As of June 30, 2024, Travel Food Services has a presence in 14 Indian airports and 3 Malaysian airports, including major hubs like:
- Delhi
- Mumbai
- Bengaluru
- Hyderabad
- Kolkata
- Chennai
Key Airport Tenures
- Delhi Airport – 14 years
- Mumbai Airport – 15 years
- Bengaluru Airport – 5 years
- Chennai Airport – 11 years
Travel Food Services has built a strong and sustained presence at India’s busiest airports, reinforcing its position as a trusted name in travel-focused F&B and lounge services.
Travel Food Services IPO GMP, Particulars & Guidance
| IPO Details | |
| IPO opens on | 7 July 2025 |
| IPO closes on | 9 July 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 18185614 Shares / Rs 2000 Crore |
| * Fresh Issue | – Sh / Rs – Crore |
| * Offer for Sale | 18185614 Shares / Rs 2000 Crore |
| Face Value per share: | Rs. 1 |
| Price Band | Rs.1045-1100 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 104 per share |
| Retail Lot Size | 13 Shares |
| Listing will at | BSE, NSE |
| Shares offered in this IPO? |
Shares | Rs. in Crore |
| QIB (50 %) | 9072727 | 998.00 |
| NII (15 %) | 2721818 | 299.40 |
| RII (35 %) | 6349090 | 698.40 |
| Employees | 40160 | 4.00 |
| Total Shares | 2000.00 | |
| Retail portion will be oversubscribed by | Forms. | |
| How to apply in this IPO? | Amount Rs. |
|
| Min Retail | 13 | 14300 |
| Max Retail | 169 | 185900 |
| Small HNI (Min) | 182 | 200200 |
| Small HNI (Max) | 897 | 986700 |
| Big HNI | 910 | 1001000 |
| What is the timetable of the IPO? | |
| IPO opens on | 7 July 2025 |
| IPO Closes on | 9 July 2025 |
| IPO Allotment on | 10 July 2025 |
| Unblocking of Asba | 11 July 2025 |
| Credit of Shares | 11 July 2025 |
| Listing of Shares | 14 July 2025 |
| Registered Office of the company Travel Food Services Limited Block-A South Wing 1st Floor, Shiv Sagar Estate, Dr. Annie Besant Road Worli, Mumbai, Maharashtra, 400018 |
|
| Lead Managers of the IPO Kotak Mahindra Capital Company HSBC Securities ICICI Securities Batliwala & Karani Securities |
|
| Registrar to IPO | |
| Mufg Intime India Pvt ltd |
Travel Food Services IPO Financials
| Period Ended | 30-Jun-24 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
| 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 Rs Crore | ||||
Key Indicators
| KPI | Values |
| ROE | 36.57% |
| ROCE | 49.97% |
| RoNW | 34.64% |
| PAT Margin | 20.38% |
| EPS | 27.58 |
| PE Ratio | 39.88 |
How Travel Food Services IPO compares with the Peers?
Peer Comparison.
There is no peer group company having the business similar to that of this company.
# 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 review by Paresh Gordhandas, CA & Research Analyst.
Will update our much awaited review once the price band, lot etc are known.
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