Bookbuilding IPO | ₹2,000 Cr | Listed at BSE, NSE | Mon, Jul 7, 2025 - Wed, Jul 9, 2025
Travel Food Services IPO is a book build issue of ₹2,000.00 crores. The issue is entirely an offer for sale of 1.82 crore shares of ₹2,000.00 crore.
Travel Food Services IPO bidding started from Jul 7, 2025 and ended on Jul 9, 2025. The allotment for Travel Food Services IPO was finalized on Jul 10, 2025. The shares got listed on BSE, NSE on Jul 14, 2025.
Travel Food Services IPO price band is set at ₹1,100 per share. The lot size for an application is 13. The minimum amount of investment required by an retail is ₹14,300 (13 shares) (based on upper price). The lot size investment for sNII is 14 lots (182 shares), amounting to ₹2,00,200, and for bNII, it is 70 lots (910 shares), amounting to ₹10,01,000.
The issue includes a reservation of up to 40,160 shares for employees offered at a discount of ₹104.00 to the issue price.
Kotak Mahindra Capital Co.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Travel Food Services IPO RHP for detailed Information.
IPO Open
Mon, Jul 7, 2025
IPO Close
Wed, Jul 9, 2025
Issue Price
₹1100 per share
Market Cap (Pre-IPO)
₹14,484.74 Cr
| IPO Date | 7 to 9 Jul, 2025 |
| Listed on | Mon, Jul 14, 2025 |
| Face Value | ₹1 per share |
| Price Band | ₹1045 to ₹1100 |
| Issue Price | ₹1100 per share |
| Lot Size | 13 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹104.00 |
| Total Issue Size | 1,81,82,802 shares (agg. up to ₹2,000 Cr) |
| Offer for Sale | 1,81,82,802 shares of ₹1 (agg. up to ₹2,000 Cr) |
| Share Holding Pre Issue | 13,16,79,484 shares |
| Share Holding Post Issue | 13,16,79,484 shares |
| BSE Script Code / NSE Symbol | 544443 / TRAVELFOOD |
| ISIN | INE103V01028 |
Travel Food Services IPO offers total 1,81,85,613 shares. Out of which 90,72,726 (49.89%) allocated to QIB, 36,29,091 (19.96%) allocated to QIB (Ex- Anchor), 27,21,818 (14.97%) allocated to NII 63,50,909 (34.92%) allocated to RII and 54,43,635 (29.93%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 90,72,726 (49.89%) | NA |
| − Anchor Investor Shares Offered | 54,43,635 (29.93%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 36,29,091 (19.96%) | NA |
| NII (HNI) Shares Offered | 27,21,818 (14.97%) | NA |
| − bNII > ₹10L | 18,14,545 (9.98%) | 9,970 |
| − sNII < ₹10L | 9,07,273 (4.99%) | 4,985 |
| Retail Shares Offered | 63,50,909 (34.92%) | 4,88,531 |
| Employee Shares Offered | 40,160 (0.22%) | NA |
| Total Shares Offered | 1,81,85,613 (100.00%) |
Investors can bid for a minimum of 13 shares and in multiples thereof.
| 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 raises ₹598.80 crore from anchor investors. Travel Food Services IPO Anchor bid date is July 4, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Jul 4, 2025 |
| Shares Offered | 54,43,635 |
| Anchor Portion (₹ Cr.) | 598.80 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Aug 8, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Oct 7, 2025 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Up to Rs 5 Lakhs | Yes |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 2007, Travel Food Services Limited is an Indian airport travel quick service restaurant (“Travel QSR”) and lounge (“Lounge”). The company's F&B brand portfolio, comprising 117 partner and in-house brands, is in the operation of 397 Travel QSRs across India and Malaysia, as of June 30, 2024.
Travel QSR business comprises a range of curated food and beverage (“F&B”) concepts across cuisines, brands and formats, which have been adapted to cater to customers’ demands for speed and convenience within travel environments.
Travel Food Business Limited's lounge business comprises designated areas within airport terminals, accessible primarily by first and business-class passengers, members of airline loyalty programmes, select credit card and debit card holders and members of other loyalty programmes.
The company's Travel QSR and Lounge businesses are present in 14 airports in India and three airports in Malaysia, as of June 30, 2024. Such airports include the Delhi Airport, Mumbai Airport, Bengaluru Airport, Hyderabad Airport, Kolkata Airport, and Chennai Airport.
As of June 30, 2024, Travel Food Services were present in the Delhi airport for 14 years, the Mumbai airport for 15 years, the Bengaluru airport for 5 years and the Chennai airport for 11 years.
Competitve Strengths:
Travel Food Services Ltd.'s revenue increased by 21% and profit after tax (PAT) rose by 27% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 1,902.73 | 1,696.44 | 1,332.32 |
| Total Income | 1,762.71 | 1,462.40 | 1,103.58 |
| Profit After Tax | 379.66 | 298.12 | 251.30 |
| EBITDA | 676.35 | 549.99 | 458.05 |
| NET Worth | 1,048.45 | 869.05 | 651.12 |
| Reserves and Surplus | 1,040.24 | 869.74 | 651.60 |
| Total Borrowing | 63.78 | 31.05 | |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 35.47% |
| ROCE | 51.40% |
| RoNW | 34.64% |
| PAT Margin | 21.54% |
| EBITDA Margin | 40.07% |
| Price to Book Value | 13.82 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 28.83 | 28.83 |
| P/E (x) | 38.15 | 38.15 |
| Promoter Holding | 100% | 86.19% |
| Market Cap | ₹14,484.74 Cr. |
The Travel Food Services IPO is subscribed 3.03 times on July 9, 2025 5:04:34 PM (Day 3). The public issue subscribed 0.73 times in the retail category, 8.10 times in the QIB category, and 1.67 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 8.10 | 36,29,090 | 2,93,98,278 |
| NII | 1.67 | 27,21,818 | 45,36,662 |
| bNII (bids above ₹10L) | 1.83 | 18,14,545 | 33,28,143 |
| sNII (bids below ₹10L) | 1.33 | 9,07,273 | 12,08,519 |
| Retail | 0.73 | 63,50,909 | 46,61,826 |
| Employee | 1.81 | 40,382 | 73,112 |
| Total | 3.03 | 1,27,42,199 | 3,86,69,878 |
Total Application : 2,19,091
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees and commissions payable to the Book Running Lead Managers (including any underwriting commission, brokerage and selling commission) | 43.66 |
| 2 | Advertising and marketing expenses | 9.06 |
| 3 | Fees payable to the Registrar to the Offer | 0.14 |
| 4 | Commission/processing fee for SCSBs, Sponsor Banks and Bankers to the Offer. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs(1) | 5.31 |
| 5 | Printing and distribution of Offer stationery | 1.65 |
| 6 | Listing fees, SEBI filing fees, BSE & NSE processing fees, book building software fees and other regulatory expenses | 10.89 |
| 7 | Fees payable to other intermediaries to the Offer, including but not limited to Statutory Auditor, independent chartered accountant, practicing company secretary and industry data provider | 12.29 |
| 8 | Fee payable to legal counsels | 16.35 |
| 9 | Miscellaneous | 5.77 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹1,100.00 | ₹1,100.00 |
| Open | ₹1,126.20 | ₹1,125.00 |
| Low | ₹1,065.20 | ₹1,066.00 |
| High | ₹1,128.90 | ₹1,130.00 |
| Last Trade | ₹1,075.20 | ₹1,074.80 |
Travel Food Services IPO is a main-board IPO of 1,81,82,802 equity shares of the face value of ₹1 aggregating up to ₹2,000 Crores. The issue is priced at ₹1100 per share. The minimum order quantity is 13.
The IPO opens on Mon, Jul 7, 2025, and closes on Wed, Jul 9, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Travel Food Services IPO using UPI as a payment gateway. Zerodha customers can apply in Travel Food Services IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Travel Food Services IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Travel Food Services IPO opens on Mon, Jul 7, 2025 and closes on Wed, Jul 9, 2025.
Travel Food Services IPO lot size is 13, and the minimum amount required for application is ₹14,300.
You can apply in Travel Food Services IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Travel Food Services IPO will be done on Thursday, July 10, 2025, and the allotted shares will be credited to your demat account by Fri, Jul 11, 2025. Check the Travel Food Services IPO allotment status.
The Travel Food Services IPO listing date is on Mon, Jul 14, 2025.
