Travel Food Services is set to launch its IPO on 7th July and the subscription window will open until 9th July. The company aims to raise ₹2000 Cr through this public offering. The price band for Travel Food Services IPO has been fixed between ₹1045 – ₹1100 and the IPO is expected to list on NSE, BSE platforms on 14 July.
About Travel Food Services IPO
Travel Food Services was founded in 2007 and runs food outlets and airport lounges in India and Malaysia.
The company operates two main businesses:
- Travel QSR (Quick Service Restaurants)
These are fast food outlets designed for travellers who want quick, convenient meals. They offer a wide range of food and beverage options from 117 brands including in-house and partner brands. As of June 30, 2024, they had 397 outlets across India and Malaysia,
- Airport Lounges
These are comfortable waiting areas inside airports, mostly used by first and business class passengers, frequent flyers and select credit/debit cardholders.
As of 30 June 2024, Travel Food Services is active in 14 airports in India and 3 in Malaysia, including major ones like Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata, and Chennai. They’ve been operating at:
- Delhi Airport for 14 years
- Mumbai Airport for 15 years
- Bengaluru Airport for 5 years
- Chennai Airport for 11 years
- Delhi Airport for 14 years
Travel Food Services IPO Highlights
- Travel Food Services’s IPO is valued at ₹2,000 Cr and the price band is set between ₹1045 to ₹1100
- The IPO is entirely an Offer for Sale (OFS), with no fresh issue component.
- Travel Food Services’s IPO will open for subscription on 7 July 2025 and close on 9 July 2025. Share allotment is likely to take place on 10 July 2025 and the shares are expected to be listed on BSE and NSE on 14 July 2025.
- Promoters currently hold 100% of the company but after the IPO, their shareholding will come down.
- MUFG Intime India Private Limited (Link Intime) will be the registrar for Travel Food Services IPO.
Travel Food Services IPO GMP
As of 2nd July 2025, Travel Food Services’s IPO is trading at a Grey Market Premium (GMP) of ₹92. Based on the upper price band of ₹1100, the shares are expected to list at around the same 1196, but it may change in the coming days. We will update this section as new information becomes available.
So, stay tuned with Trade Target for daily updates on Travel Food Services IPO GMP and expected listing price.
- Date: 3rd July 2025
- Travel Food Services GMP: ₹1192 ( 8.36%)
- Date: 2nd July 2025
- Travel Food Services GMP: ₹1192 ( 8.36%)
How can one apply for Travel Food Services IPO?
Retail investors can apply for minimum of 1 lot, which includes 13 shares costing ₹14,300. The maximum investment allowed for retail investors is 13 lots which totals 169 shares and costs ₹1,85,900.
Below is a table summarizing the lot sizes and required amounts for each investor category:
| Application | Lots | Shares | Amount |
|---|---|---|---|
|
Retail (Min) |
1 |
13 |
₹14,300
|
|
Retail (Max) |
13 |
169 |
₹1,85,900
|
|
S-HNI (Min) |
14 |
182 |
₹2,00,200
|
|
S-HNI (Max) |
69 |
897 |
₹9,86,700
|
|
B-HNI (Min)
|
70 |
910 |
₹10,01,000
|
Travel Food Services IPO Financial
As of 31 March 2025, Travel Food Services has shown strong growth over the past three years. Its assets rose from ₹1,332.32 Cr in 2023 to ₹1,902.73 Cr in 2025. Revenue also increased from ₹1,103.58 Cr to ₹1,762.71 Cr in the same period. Profit after tax (PAT) grew from ₹251.30 Cr in 2023 to ₹379.66 Cr in 2025.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
|
Assets (₹ Crores) |
1,902.73
|
1,696.44
|
1,332.32
|
|
Revenue (₹ Crores) |
1,762.71
|
1,462.40
|
1,103.58
|
|
PAT (₹ crores)
|
379.66
|
298.12
|
251.30
|
|
EBITA(₹ Crores) |
676.35
|
549.99
|
458.05
|
|
Net Worth (₹ Crores) |
1,048.45
|
869.05
|
651.12
|
|
Reserves and Surplus (₹ crores)
|
1,040.24
|
869.74
|
651.60
|
Travel Food Services IPO Vs Peer
It seems it has highest EPS among its peers
| Company | EPS Diluted | P/E(x) |
|---|---|---|
|
Travel Food Services |
27.58
|
– |
|
Jubilant Foodworks
|
3.41
|
205.81
|
|
Devyani International
|
0.08
|
2097.13
|
|
Sapphire Foods India
|
0.6
|
548
|
|
Westlife Foodworld
|
0.78
|
955.26
|
|
Restaurant Brands Asia
|
-4.33
|
-
|
Travel Food Services IPO Quota Allocation
- QIB Investors: 50% of the net issue
- Retail Investors: 35% of the net issue
- NII (HNI) Investors: 15% of the net issue
Listing Date of Travel Food Services IPO
- Subscription Period: 7 July to 9 July 2025
- Basis of Allotment Finalization: 10 July 2025
- Initiation of Refunds: 11 July 2025
- Demat Credits: 11 July 2025
- Listing Date: 14 July 2025
- Listing on: NSE, BSE
Travel Food Services IPO FAQs (Frequently Asked Questions)
What is the total issue size of Travel Food Services’s IPO?
The total size of Travel Food Services’s IPO is ₹2000 Cr.
When will Travel Food Services IPO open and close?
Travel Food Services’s IPO will open for subscription on 7 July 2025 and close on 9 July 2025.
What is the lot size for Travel Food Services IPO?
Retail Investors can bid for a minimum of one lot, which includes 13 shares. And one lot will cost you around ₹14,300.
When is the share allotment date for Travel Food Services IPO?
The allotment of shares is expected to be completed by 10 July 2025.
Who is the registrar of Travel Food Services IPO?
MUFG Intime India Private Limited (Link Intime) is the official registrar for Travel Food Services’s IPO.
Where will Travel Food Services shares be listed?
The shares are planned to be listed on both BSE and NSE.
Happy investing and thank you for reading!
Disclaimer:
This website content is only for educational purposes, not investment advice. Before making any investment, it’s important to do your own research and be fully informed. Investing in the stock market includes risks, and you should carefully read the Risk Disclosure documents before proceeding. Please remember that past performance doesn’t guarantee future results, and due to market fluctuations, your investment goals may not always be achieved.
