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Travel Food Services Limited is launching its Rs 2,000 crore IPO, open for subscription from 7th to 9th July. The issue is entirely an offer-for-sale worth Rs 2,000 crore. These shares will be listed on both the BSE and NSE.
This is a book-building issue with a minimum investment of Rs 13,585, though bidding at the cutoff price of around Rs 14,300 is recommended to improve allotment chances.
- Small NIIs need to invest Rs 2,00,200 for 182 shares (14 lots)
- Large NIIs must invest Rs 10,01,000 for 910 shares (70 lots)
MUFG Intime India is the registrar, while Kotak Mahindra Capital Company is the book-running lead manager.
Travel Food Services IPO GMP Today
The latest updated GMP of Travel Food Services IPO is Rs 92, as of 3rd July, 2025 4:46 PM. The IPO has a price band of Rs 1,100. The estimated listing price for Travel Food Services IPO is Rs 1,192, reflecting a potential gain of 8.36% per share.
| Date | GMP | Expected Listing Price | Last Updated |
| 03-07-2025 | Rs 92 | Rs 1,192 | 4:46 PM |
| 02-07-2025 | Rs 111 | Rs 1,211 | 5:45 PM |
| 01-07-2025 | Rs 0 | Rs 1,100 | 11:30 PM |
Everything You Need to Know About the Travel Food Services IPO
| Face Value | Rs 1 per Share |
| Lot Size | 13 Shares |
| Price Band | Rs 1,045 to Rs 1,100 |
| Listing At | BSE, NSE |
| Total Issue Size | 1,81,81,818 Shares (aggregating up to Rs 2,000 Cr) |
| Offer-for-Sale | 1,81,81,818 Shares (aggregating up to Rs 2,000 Cr) |
| DRHP | Click Here |
| RHP | Click Here |
Travel Food Services IPO Key Dates
| Opening – Closing Dates | 7th July – 9th July |
| Cut-off Time for UPI Mandate Approval | 5 PM on 9th July |
| IPO Allotment | 10th July |
| Amount Refund | 11th July |
| Credit of Shares | 11th July |
| Listing Date | 14th July |
Investment Limits & Lot Size for Travel Food Services IPO
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 13 | Rs 14,300 |
| Retail (Max) | 13 | 169 | Rs 1,85,900 |
| S-HNI (Min) | 14 | 182 | Rs 2,00,200 |
| S-HNI (Max) | 69 | 897 | Rs 9,86,700 |
| B-HNI (Min) | 70 | 910 | Rs 10,01,000 |
Travel Food Services Limited Company Details
Travel Food Services Limited, founded in 2007, operates quick service restaurants (QSRs) and airport lounges in India and Malaysia. As of 30th June, 2024, the company runs 397 Travel QSR outlets using 117 partner and in-house brands.
Its QSR business offers a variety of food and beverage options designed for fast and convenient service at airports. The lounge business caters mainly to premium flyers, loyalty programme members, and select cardholders, offering exclusive airport lounge access.
Travel Food Services operates in 14 Indian airports and 3 Malaysian airports, including major hubs like Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata, and Chennai.
By June 2024, it had been operating for:
- 14 years at Delhi airport
- 15 years at Mumbai airport
- 11 years at Chennai airport
- 5 years at Bengaluru airport
Travel Food Services Limited Finances
| Period Ended | 31st Mar, 2025 | 31st Mar, 2024 |
| Assets (in Rs Cr.) | 1,902.73 | 1,696.44 |
| Revenue (in Rs Cr.) | 1,762.71 | 1,462.40 |
| Profit After Tax (in Rs Cr.) | 379.66 | 298.12 |
Financial Performance:
Revenue: The company generated Rs 1,762.71 crore in revenue during the period ended on 31st March, 2025.
Net Worth: The company’s net worth, which represents the total value of the company’s assets minus its liabilities, is Rs 1,048.45 crore.
Financial Position:
Assets: The company’s total assets amounted to Rs 1,902.73 crore as of March 2025. Assets have grown significantly, indicating potential expansion and investment.
Travel Food Services IPO FAQs
- What is the issue price band of the Travel Food Services Limited IPO?
The issue price band for the Travel Food Services IPO is Rs 1,045 to Rs 1,100 per share.
- What is the issue size of the Travel Food Services IPO?
The total issue size of the IPO is Rs 2,000 crores.
- What is the lot size for the Travel Food Services IPO?
Each lot consists of 13 shares, with a minimum investment of Rs 14,300.
- What are the allotment and listing dates for the Travel Food Services IPO?
The allotment is set for 10th July, and the listing is scheduled for 14th July.
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