Travel Food Services IPO
IPO Listing Details
- Listing Date
14 Jul 2025
- Listing Price
₹1,126.20
- Listing Change
2.38%
- Last Traded Price
₹1,247.20
Travel Food Services IPO Details
-
Open Date
07 Jul 2025
-
Close Date
09 Jul 2025
-
Listing Date
14 Jul 2025
- IPO Price Range
₹ 1045 to ₹1100
- IPO Size
₹ 2000 Cr
- Listing Exchange
BSE, NSE
Travel Food Services IPO Timeline
Travel Food Services IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 07-Jul-25 | 0.07 | 0.07 | 0.15 | 0.11 |
| 08-Jul-25 | 0.19 | 0.25 | 0.30 | 0.26 |
| 09-Jul-25 | 8.10 | 1.67 | 0.73 | 3.03 |
Last Updated: 29 September 2025 5:03 PM by 5paisa
Incorporated in 2007, Travel Food Services Limited operates a wide network of Quick Service Restaurants (QSRs) and Lounges at major airports in India and Malaysia. The company’s portfolio includes 117 partner and in-house brands across 397 outlets, catering to travellers seeking convenience and quality. Its operations span 14 Indian airports and three in Malaysia, including Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata, and Chennai airports.
Established in: 2007
Managing Director: Varun Kapur
Travel Food Services Objectives
The IPO is a pure Offer for Sale (OFS) of 1.82 crore shares by existing shareholders.
The company will not receive any proceeds from the issue.
Travel Food Services IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹2,000 crore |
| Offer For Sale | Nil |
| Fresh Issue | ₹1.82 crore shares |
Travel Food Services IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 13 | ₹13,585 |
| Retail (Max) | 13 | 169 | ₹1,76,605 |
| S-HNI (Min) | 14 | 182 | ₹1,90,190 |
| S-HNI (MAX) | 69 | 897 | ₹9,37,365 |
| B-HNI (Min) | 70 | 910 | ₹9,50,950 |
Travel Food Services IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB | 8.10 | 36,29,090 | 2,93,98,278 | 3,233.811 |
| NII (HNI) | 1.67 | 27,21,818 | 45,36,662 | 499.033 |
| bNII (bids above ₹10L) | 1.83 | 18,14,545 | 33,28,143 | 366.096 |
| sNII (bids below ₹10L) | 1.33 | 9,07,273 | 12,08,519 | 132.937 |
| Retail | 0.73 | 63,50,909 | 46,61,826 | 512.801 |
| Total** | 3.03 | 1,27,42,199 | 3,86,69,878 | 4,253.687 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
Travel Food Services IPO Anchor Allocation
| Anchor Bid Date | July 4, 2025 |
| Shares Offered | 54,43,635 |
| Anchor portion Size (In ₹ Cr.) | 598.80 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 9, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 8, 2025 |
| Particulars (in Rs. Crores) | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 1103.58 | 1462.40 | 1762.71 |
| EBITDA | 458.05 | 549.99 | 676.35 |
| PAT | 251.30 | 298.12 | 379.66 |
| Particulars (in Rs. Crores)] | FY23 | FY24 | FY25 |
|---|---|---|---|
| Total Assets | 1332.32 | 1696.44 | 1902.73 |
| Share Capital | 3.87 | 3.87 | 13.17 |
| Total Borrowings | 31.05 | 63.78 | - |
| Particulars (in Rs. Crores | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 322.15 | 352.93 | 514.79 |
| Net Cash Generated From / (used in) investing activities | -196.77 | -154.88 | -191.18 |
| Net Cash Generated From / (used in) financing activities | -104.36 | -172.15 | -342.69 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 21.02 | 25.89 | -19.08 |
Strengths
1. Leading player in the Travel QSR and Lounge space at Indian airports.
2. Wide portfolio of 117 reputed partners and in-house F&B brands.
3. Strong financial performance with 21% revenue and 27% PAT growth.
4. Experienced management supported by SSP and K Hospitality partnerships.
Weaknesses
1. Heavy dependence on airport infrastructure and travel industry growth.
2. Limited international presence with operations only in Malaysia, besides India.
3. High Price to Book Value ratio of 18.20, indicating expensive valuations.
4. Profitability may be impacted by global travel restrictions or airport regulations.
Opportunities
1. Scope to expand to more airports globally beyond India and Malaysia.
2. Increasing air travel and passenger footfall can boost QSR and Lounge demand.
3. Growing preference for branded F&B outlets at airports enhances growth potential.
4. Potential to introduce new F&B brands and premium Lounge formats.
Threats
1. Business is exposed to travel disruptions like pandemics or geopolitical issues.
2. Airport contracts and permits can be highly competitive and uncertain.
3. Rising operational costs may affect margins despite strong EBITDA levels.
4. Faced competition from both global and domestic airport F&B players.
1. Market leader in Travel QSR and Lounge segment
2. Strong brand portfolio with a loyal customer base
3. Impressive financial growth with robust margins
4. Long-standing presence in key Indian airports
5. Well-positioned to capitalise on India’s air travel boom
1. India’s aviation sector is growing rapidly.
2. Passenger traffic at airports is increasing.
3. Demand for branded food options at airports is rising.
4. Premium airport lounge services are seeing strong demand.
5. Travel Food Services is well-placed to benefit from these trends.
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FAQs
Travel Food Services Limited IPO opens on July 7, 2025, and closes on July 9, 2025.
Total issue size of Travel Food Services Limited IPO is ₹2,000 crore, comprising only Offer for Sale.
Travel Food Services Limited IPO price band is ₹1,045 to ₹1,100 per share.
To apply for Travel Food Services Limited IPO , follow the steps given below:
- Login to your 5paisa account and select the issue in the current IPO section
- Enter the number of lots and the price at which you wish to apply for the Travel Food Services Limited IPO
- Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
You will receive the mandate notification to block funds in your UPI app.
The minimum lot size of Travel Food Services Limited IPO is 13 shares, with a minimum investment of ₹13,585.
Tentative allotment date of Travel Food Services Limited IPO is July 10, 2025.
Travel Food Services Limited IPO is expected to be listed on BSE and NSE on July 14, 2025.
Kotak Mahindra Capital Company Limited is the book-running lead manager of Travel Food Services Limited IPO.
Travel Food Services Limited IPO is a pure Offer for Sale (OFS) of 1.82 crore shares by existing shareholders. The company will not receive any proceeds from the issue.
Travel Food Services Contact Details
Travel Food Services Ltd.
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/
Travel Food Services IPO Register
MUFG Intime India Private Limited (Link Intime)
Phone: +91-22-4918 6270
Email: travelfood.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Travel Food Services IPO Lead Manager
Kotak Mahindra Capital Company Limited
Hsbc Securities & Capital Markets Pvt Ltd
ICICI Securities Limited
Batlivala & Karani Securities India Private Limited
