Travel Food Services came to market through an IPO that opened on 7 July 2025 and closed on 9 July 2025, and the shares listed on 14 July 2025 on BSE, NSE. The price band was ₹1,045 to ₹1,100 per share and one lot was 13 shares, so the minimum application was ₹14,300. The issue size was ₹2000 crore. The whole issue was an offer for sale, so the proceeds went to the selling shareholders rather than the company.
MUFG Intime India Private Limited (Link Intime) was the registrar to the issue, and Kotak Mahindra Capital Company Limited, Hsbc Securities & Capital Markets Pvt Ltd, ICICI Securities Limited, Batlivala & Karani Securities India Private Limited were the lead managers.
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Founded in 2007, Travel Food Services Limited is an Indian airport travel quick service restaurant (Travel QSR) and lounge (Lounge). The food and beverage (F&B) brand portfolio of 117 partner and in-house brands operates in 397 Travel QSRs in India and Malaysia, as of June 30, 2024.
Travel QSR business includes an assortment of developed food and drink (F&B) ideas by cuisine, brand and format, that have been modified to serve to the needs of speed and convenience of customers in travel settings. Travel Food Business Limited's lounge business includes defined areas within airport terminals, which are accessible mainly by first and business-class passengers, airline loyalty programmes members, chosen credit card and debit card holders and members of other programmes.
The company's Lounge business is located in 14 airports in India and three airports in Malaysia, as of June 30, 2024. Examples of such airports are the Delhi Airport, Mumbai Airport, Bengaluru Airport, Hyderabad Airport, Kolkata Airport, and Chennai Airport. As of June 30, 2024, Travel Food Services existed at the Delhi airport for 14 years, Mumbai airport for 15 years, Bengaluru airport for 5 years and Chennai airport for 11 years.
As described in the offer document.
| Metric | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
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Travel Food Services raises Rs 598 crore from anchor investors ahead of Rs 2,000 crore IPO. Among the anchor investors are ICICI Prudential Mutual Fund (MF), Axis MF, Kotak MF, Baroda BNP Paribas MF, Abu Dhabi Investment Authority, Fidelity and Government Pension Fund Global
SSP Group plc, SSP Group Holdings Limited, SSP Financing Limited, SSP Asia Pacific Holdings Limited, Kapur Family Trust. Promoter holding 100% before the issue and 86.19% after.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Travel Food Services IPO was a ₹2,000 crore book-built issue, made up entirely of an offer for sale. It was priced at ₹1,045–₹1,100 per share with a lot size of 13 shares (₹14,300). The IPO was open from July 7 to July 9, 2025. Shares listed on BSE and NSE on July 14, 2025 at ₹1,125, a 2.3% premium to the issue price of ₹1,100. MUFG Intime India Private Limited (Link Intime) is the registrar.
Kotak Mahindra Capital Company Limited and 3 other book running lead managers manage the issue.
The price band of Travel Food Services IPO is ₹1045 to ₹1100 per share.
The lot size of Travel Food Services IPO is 13 shares.
The minimum investment for Travel Food Services IPO is approximately ₹14,300 based on the upper price band.
The allotment date of Travel Food Services IPO is Jul 10, 2025.
Travel Food Services IPO's final recorded GMP before listing was ₹24 per share (a 2% premium over the ₹1100 upper price band). The shares listed at ₹1125. GMP is unofficial and does not forecast or guarantee the actual listing price.
Travel Food Services IPO listed on Jul 14, 2025. It was issued at ₹1125.0(NSE) and is currently around ₹1174.00 as on 4-Nov-2026 3:30 PM, which is approximately 6.7% versus issue price. The 52-week high is ₹1,470.90.
You can check Travel Food Services IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Travel Food Services IPO allotment status on Rupix for quick and easy access.
₹1,045 to ₹1,100 per share, against a face value of ₹1. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 13 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,300.
₹14,300, for one lot of 13 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 7 July 2025 and closed on 9 July 2025.
The basis of allotment was published on 10 July 2025 by MUFG Intime India Private Limited (Link Intime), and allotted shares were credited to demat accounts before listing.
The shares listed on 14 July 2025 on BSE, NSE.
The issue size was ₹2000 crore. The offer for sale was 1,81,81,818 shares (aggregating up to ₹2000 crore).